📨 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!

12k saving options?

Options
currently got 12k in the woolwich as a branch saver.

probably wont touch the money for atleast a year, wont pay into it at all.

how can i maximise my interest?
just brainstorming really.

my current account is with lloyds tsb.

im 22 years old.

cheers in advance.

Comments

  • blinko
    blinko Posts: 2,519 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    put some in an ISA tax free at around 5% thats 3k gone and the rest either put in an interest account earning about 5% or invest in the stock market etc
  • how much is tax charged at on interest?
  • kenshaz
    kenshaz Posts: 3,155 Forumite
    Part of the Furniture Combo Breaker
    noting on the isa 20% on the rest
    [FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.