We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Investment Advice
Options
ship_2
Posts: 1 Newbie
Hi,
I have around 40K to invest for around 6 months. Can anyone recommend the best way to earn the maximum interest on the savings? I’ve looked at new 6% or 7% savings accounts on offer, and Lloyds and Alliances current accounts which also cash back. Can anyone please recommend the best way to invest this?
Thanks,
Ship
I have around 40K to invest for around 6 months. Can anyone recommend the best way to earn the maximum interest on the savings? I’ve looked at new 6% or 7% savings accounts on offer, and Lloyds and Alliances current accounts which also cash back. Can anyone please recommend the best way to invest this?
Thanks,
Ship
0
Comments
-
I wouldnt invest for 6 months unless you know what you are doing. Even then, you would have to be careful how you do it and accept the risk that goes with it.
Savings accounts would be more appropriate and I will leave others to answer that. Although there probably isnt any difference in the responses given to others asking the same question over the last few days.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards