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£10k to save for a year

I have £10000 to save that I can lock away untouched for a year.

Well, actually, I have circa £16000 and change, but I need to spend just over £500/month from that amount.

I thought the best thing would be to put £10k in an account I cannot touch for a year as that would give the best interest. Unless of course anyone knows better...

One condition: has to be 100% safe, risk free and guaranteed under the UK Savig protections system.

Any advice gratefully recieved. Thanks.

Comments

  • useless
    useless Posts: 404 Forumite
    I'm not an expert on these matters by all means.

    But you might want to look at the Guaranteed Growth Bonds from NS&I
    they say 100% backed by gov
    was something like 4.2% before tax last time I looked, for a one year bond
    Again, don't take my word for it, there are bound to be other options.
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