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£10k to save for a year

Napoleon88
Posts: 6 Forumite
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.
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.
0
Comments
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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.0
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