£40K to save/invest, any suggestions? help needed!

keogh_b

Hi All

I have around £40K that i want to put away, i know nothing about ISA's apart from i) you can only deposit x amount in any account per year and ii) you can only have one

I would like to start an ISA but could you also suggest what to do with the other cash, i will want access to it over the next couple of years.

Thanks

jenHenry

Now is the time to start investing in stock markets.

DiggerUK

Keogh,
As you want access to funds it looks like your best served with savings A/C's.
Instant access are paying about 3%, bonds up to 1 year are paying around 4% fixed.
As good rates keep popping up now and again I wouldn't go longer than 1 year.
With unemployment rising, and GDP falling equity based products are a no-no as far as I'm concerned.

Take the long shot, buy some Premium Bonds, 0% to 1 million.

Best of fortune.

Dune2forthewin

Gilts, and options. Sorted.