Best short term return on large sums

Tazmandevon

What's the best way of maximising return if you have say £30,000 of capital to put somwhere for 3-6 mths?

grumbler

Cahoot bonus savings account 5.25% on £15,000 - £100,000 for the first 6 months. £25 for seccessful applications through quidco.

Weymouth_Man

Tazmandevon wrote:

What's the best way of maximising return if you have say £30,000 of capital to put somwhere for 3-6 mths?

Have you looked at Premium Bonds at 24,000 to 1 Odds.

Invested money back to you when required in 1 month ? :cool:

Stonk

Weymouth_Man wrote:

Have you looked at Premium Bonds at 24,000 to 1 Odds.

Invested money back to you when required in 1 month ? :cool:

You'd need signifcantly better than average luck for this method to "maximize return" over such a short time period, especially as your money will typically sit 6 weeks unused before you are entered in a draw. Don't do it.

Weymouth_Man

Stonk wrote:

You'd need signifcantly better than average luck for this method to "maximize return" over such a short time period, especially as your money will typically sit 6 weeks unused before you are entered in a draw. Don't do it.

But are you not secure that each month you will have at least a minimum £50 prize ?

skiddy2k

Weymouth_Man wrote:

But are you not secure that each month you will have at least a minimum £50 prize ?

might be more, might be less... depends on your luck... fingers crossed... IT COULD BE YOU!

pkrnts

Weymouth_Man wrote:

But are you not secure that each month you will have at least a minimum £50 prize ?

Just because the odds suggest you will win once a month for every 24,000 bonds you have doesn't mean that will actually happen. It's still entirely possible that you'd go a whole year and not win a thing. Of course you could win several £50s a month too but the point is nothing is guaranteed with bonds.

kenshaz

You are giving up £105 a month before tax interest on £24000

kenshaz

That is with Cahoot at 5.25