The best way to invest £100,000

HC_2

There is so much confusing information out there, would anyone like to show off their knowledge and offer some advice on the best way to invest £100k?

It must be invested as a lump sum - there will be no additional deposits

It can be tied up for up to 2 years

It can't be invested in anything risky. There must be a guaranteed return.

Mini cash ISA full up for this tax year

Thank you for any advice.

:-)

kenshaz

equities long term,tracker fund,no management charges,historically good

HC_2

OK! Sounds good. Don't know anything about them, but will find out. Thank you! Any names/websites trip off your tongue?

ukbill69

Id say stick it in an online saver account, interest payed monthly at 3.3% from natwest and I think other banks offer higher not sure.

kenshaz

but if you want no down-ward movement in two years it must one of the instant access accounts ING pays monthly interest ,but has just reduced its rate ,THE iNDIAN BANK IS THE BEST PAYER,nothing beats it,related to no risk.even if you commit for two years

HC_2

Thanks, ukbill. I already use ING and that is 3.53% net. Hoping for something a bit better than that. But all so complicated, and rates are so low anyway.

kenshaz

Virgin,must be a tracker,otherwise you pay high magement charges

HC_2

I did open an account with the Indian one (can't remember the initials) but I got a funny feeling about them, and so closed it almost immediately. Can't recall what worried me - must have been something I read on the Internet. But yes, their interest rate is good - a little better than ING. However, I do find ING absolutely superb in every way. Just wish they'd hike their rate back up a bit!

kenshaz

The formulae is simply
risk =higher return
no risk =low return ,the rules are set and there is no solution because ,and you no the answer,sorry but no one is going to give you a means unless you speculate

kenshaz

I agree because I am in the same situation

HC_2

No, kenshaz, I understand that. Unfortunately, risk can also = low return. I just wanted some advice on the best guaranteed return.

And I've had some useful replies, so thank you very much indeed. I shall certainly investigate the Virgin tracker.

:-)