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what to do with £9000?

hypernetics
hypernetics Posts: 8 Forumite
in Savings & investments
I have £9000 to play with :eek:. How can I maximise my earnings on it? and where I don't lose money on it?

I have looked at ISA's and high interest accounts but has anyone got any other ideas.

All suggestions are appreciated. :beer: Thanks guys!

Comments

  • dunstonh
    dunstonh Posts: 120,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    About 20,000 or so places to put it. Any chance or narrowing with a bit more information?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • codetown
    codetown Posts: 685 Forumite
    A Saving Account will do.
    An ISA for starter if you fdon'yt have one. The 3000 cash part is safe and well rewarded. For example go to A&L Direct ISA, currently at 5.2% net (as you don't pay tax on it).

    And while you are at A&L, you might also consider the A&L Online Saving for the remaining 6k. They offer 5.15% gross on that.
  • dunstonh
    dunstonh Posts: 120,181 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How can you say savings account without knowing what hypernetics aims are for the money?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • roswell
    roswell Posts: 2,447 Forumite
    If your not going to need it in the next 12 months id put 3000 in this years isa`s allowance 3000 in next years allowance (after april) and the remaining £3000 in a e savings or regular savings account, This is assuming you dont have any existing debts that need servicing.
    If it doesnt pay rent sell it.
    Mortgage - £2,000
    Updated - November 2012
  • hypernetics
    hypernetics Posts: 8 Forumite
    Thanks guys for all the suggestions! :j

    As for 'aims' as mentioned in an earlier post, no commitments just as much return as possible ;)

    Thanks guys

    More info greatly recieved.
This discussion has been closed.
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