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How best to invest £8000 over 2 years?

Mothermoo_2
Posts: 26 Forumite
Hi, Am looking at getting a career development loan for £8k (or as much as they will allow me) however, don't think I will actually need to use it, so once the interest free period ended (I'll be on a 2 year course) I would be paying the entire lump sum back, worst case scenario I will pay it back over a year.
What is the best way to save it to maximise interest? Any advice much appreciated please, I would be able to also make regular payments over the two years, in case that is a proviso on any accounts.
Thank you
What is the best way to save it to maximise interest? Any advice much appreciated please, I would be able to also make regular payments over the two years, in case that is a proviso on any accounts.
Thank you
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Comments
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Hi, Am looking at getting a career development loan for £8k (or as much as they will allow me) however, don't think I will actually need to use it, so once the interest free period ended (I'll be on a 2 year course) I would be paying the entire lump sum back, worst case scenario I will pay it back over a year.
Don't get the loan and let the funds be used by someone who actually needs it to develop their career?
:rolleyes:0 -
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start with a cash isa, check out barclays tax haven 3.61 % , nat west 3.5% both instant access also halifax 3 % fixed isa (only 4 withdrawels allowed with this one)Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0
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