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What best to do with £17,000
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kam1nsk1
Posts: 60 Forumite
Hello
A friend of mine (not me unfortunately) is about to sell her house and will walk away with £17,000.
She is not keen to go straight back into the property market and is wondering what best to do with the money.
It would need to be a relatively short term investment of maybe 6 months to 2 years, with no risk. What would give her the best returns?
Any suggestions?
Minski
A friend of mine (not me unfortunately) is about to sell her house and will walk away with £17,000.
She is not keen to go straight back into the property market and is wondering what best to do with the money.
It would need to be a relatively short term investment of maybe 6 months to 2 years, with no risk. What would give her the best returns?
Any suggestions?
Minski
0
Comments
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Stick 3k into a mini cash ISA to start with (no risk, tax free savings & she can close it whenever she wants), then I would be inclines to set up in a highest rate poss savings (Leeds have a good one at the mo' - can't remeber the details though) and 'drip feed' a couple of monthly savings accounts but watch out if she can't keep them running the whole year as she may miss out).
I'm not a risk taker, so that is what I would do!The best advice you can give your children: "Take responsibility for your own actions...and always Read the Small Print!"
..."Mind yer a*se on the step!"
TTC with FI - RIP my 2 MC Angels - 3rd full ICSI starts May/June 2009 - BFP!!! Please let it be 'third time lucky'..... EDD 7th March 2010.0
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