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10k what to do?

ive recently recieved £10,000 in compensation... i currently have it in the aliance and liecster online saver issue two savings account but it only pays interest annualy... being as im nearly twenty i need to buy a house soon...
and was wondering if anybody could help me make the most of my money through investments or a better saving account :confused:
thank you
jamie

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    jamiestack wrote:
    ... i currently have it in the aliance and liecster online saver issue two savings account but it only pays interest annualy...
    Annually or monthly doesn't matter. What matters is APR.
    being as im nearly twenty i need to buy a house soon...
    Hence, you are a taxpayer and long-term investmet is not an option for you. You should start with filling your mini cash ISA allowances. Hurry up and put £3K into ISA before 5th of April and another £3K after.

    Where to start with savings guide ...
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