£15000 and not sure what to do with it

jobytc

Hi guys

I've got £15k in an under performing savings account that I would like to invest in something more profitable. I've used up my current £3000 per year allocation into my ISA and I've also got £3000 set aside for the next financial year.

I currently have got a smile current account BUT would [prefer not to have to open another current account if possible. I'm happy banking with Smile and don't want the hassle of having another current account especially if it means needing to transfer a minimum amount over each month.

I'm flexible about whether or not I can top up my savings or whether or not its locked down.

So with an ISA not a possibility and the preference not to have to open another current account - what would you recommend I do with it?

many, many thanks in advance

[Deleted User]

jobytc I am also with smile and am very happy. I do have a smile savings account at 4%

We had some spare money after downsizing and we put the max into ns and i index linked saving certificates. The value of the return does depend on your income tax band

http://www.nsandi.com/products/index.jsp

We bought some building society fixed rate bonds at 5.2%

I added to my stakeholder. I also deal in shares because we allowed a capital gains allowance of £8500.

I hope this is of some help

cadboll

E-savings accounts such as A&L with 5.15% (Gross/AER) might be an option although that would require opening an account, something you've said you're not keen on!!