£5000 to invest

jeff_chandler

I sold my caravan last week and the buyer who I knew give me £5000. Where and what is the best place to invest this.

Jeff Chandler

Stavros_3

Invest or Save, are you prepared to risk any of it, if not forget investing

isofa

There are a million answers to your question, you need to be much more specific in what you want to achieve Savings rate are very low at the moment.

97trophy

checkout Yorkshire b/s online savings account. 3.75% interest instant access, open withing minutes online.

jeff_chandler

I should have been more specific, appologies.
I would like a no risk investment without drawing on it for a year. I do normaly bank with the Halifax but I do have a large investment with them, and with all the talk of banks going bust I thought i would put this money seperate from them.

Jeff Chandler

dunstonh

I would like a no risk investment without drawing on it for a year

In other words you dont want to invest but save your money.

sherbhachu

might i suggest putting part of it into an ISA to use up your allowance for the year? and possibly use the remainder to put into next years allowance.

lilac_lady

I'd buy £5000's worth of premium bonds and cross my fingers.

Stavros_3

lilac_lady wrote: »

I'd buy £5000's worth of premium bonds and cross my fingers.

Doomcow

3600 in a cash isa, the rest in a reasonable interest instant access savings acct. yorkshire / NR / etc etc

Dave101t

whats wrong with premium bonds?
i just invested an extra 3200 last week, and im averaging a 50 pound prize every 2-4 months! works out to be 3% interest return so beats my bank