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£40k to invest/save help!
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nadnad
Posts: 1,593 Forumite
Some advice please. Me and OH are in the lucky position of having £40k in the bank, we originally had over £150k which we kept it in a fixed term deposit account that was easily accessible as we were finishing off our new house. So we're now left with £40k and the interest rates have obviously plummeted. Both our ISAs are full for the year. We would like to keep maybe £10k easily accessible but the remaining £30k we have no intention of needing/touching for at least 2 years.
We have no other debts bar our mortgage, in which we have a fantastic deal at the minute, and we tend to save a lot throughout the year to help pay off chunks of this, so we dont really want to put the £30k to the mortgage.
We also have a baby son - is there anything we could or should do in his name to make the most of this money?
Any ideas anyone?
We have no other debts bar our mortgage, in which we have a fantastic deal at the minute, and we tend to save a lot throughout the year to help pay off chunks of this, so we dont really want to put the £30k to the mortgage.
We also have a baby son - is there anything we could or should do in his name to make the most of this money?
Any ideas anyone?
DON'T WORRY BE HAPPY 
norn iron club member no.1
norn iron club member no.1
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