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Grateful for advice
easylife_2
Posts: 69 Forumite
Hi all,
Grateful for any advice on this proposal.
I have come into about £8000 from which i would like to make the maximum possible return over 3 years without exposing to much risk.
I was planning to invest the max possible in a cash isa this year (as i haven't used my allowance) - grateful for advice on a good one to go with, then do the same again after April for next years allowance and put the remainder in a savings account like cahoot (so i have easy access but still get a reasonable rate?) from where i can pay £250 a month into the Barclays 10% offer as my salary goes into barclays.
Does this sound reasonable / workable or is there a better way to do it? Thanks in advance for any help,
Sam
Grateful for any advice on this proposal.
I have come into about £8000 from which i would like to make the maximum possible return over 3 years without exposing to much risk.
I was planning to invest the max possible in a cash isa this year (as i haven't used my allowance) - grateful for advice on a good one to go with, then do the same again after April for next years allowance and put the remainder in a savings account like cahoot (so i have easy access but still get a reasonable rate?) from where i can pay £250 a month into the Barclays 10% offer as my salary goes into barclays.
Does this sound reasonable / workable or is there a better way to do it? Thanks in advance for any help,
Sam
0
Comments
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Yes it does. You need to check out the best buy tables for ISA's but watch out for the introductory offers, which end after a certain period (i.e. Alliance and Leicester 5.2% but introductory offer lasts a year) you can move it then. Here is an article from the Guardian this weekend that takes a look at ISA's
http://money.guardian.co.uk/investments/isas/story/0,,1728239,00.html
Also look at Martin's article
http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1077487692,12362,
Sorry the article in the Guardian is maxi ISA's I will find you a mini one
Here is another article which looks at whether it is worth taking a risk or not. Three years... not sure you would want to go fora nything shares based. However loads more people on here with plenty of experience and advice
http://money.guardian.co.uk/investments/isas/story/0,,1723010,00.html0 -
Thanks very much Mad thats helpful.
Grateful for advice from others to.
Thanks.0
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