general advice required please

ses6jwg

If you want absolutely no risk then dont go near shares/ the stock market.

Perhaps put your £5,100 allowance into a fixed rate ISA (I think 2 years is best at the moment, should earn about 3.2%)

Then maybe 5k into an index linked bond with NS&I to guard against inflation as when governments print money it tends to bring on inflation a few years down the road. They offer 3 or 5 years.

Then the rest into an instant access with say ING or Citibank until April then you can move another £5,100 into a fixed rate ISA :T

Maybe look at putting a couple of thousand into premium bonds if you are feeling lucky:?

ecosse48

thanks again for your replys, i am near to a decision !!!!!! i think ! ;-)

I noticed another couple of offers, one with the co-op bank offering 4.5 if u lock away for 3 years......

and another with santender" Your Guaranteed Growth Plan options" if i lock my cash away for just under 4 yrs they gaurantee a minimum of 5%.

my questions to you are ... do u think the co-op represents a fair deal, and if i invest with santender are their guarantees enforcable, or am i missing the detail in small print , 5% seems the best about

Baldur

ecosse48 wrote: »

thanks again for your replys, i am near to a decision !!!!!! i think ! ;-)

I noticed another couple of offers, one with the co-op bank offering 4.5 if u lock away for 3 years......

and another with santender" Your Guaranteed Growth Plan options" if i lock my cash away for just under 4 yrs they gaurantee a minimum of 5%.

my questions to you are ... do u think the co-op represents a fair deal, and if i invest with santender are their guarantees enforcable, or am i missing the detail in small print , 5% seems the best about

I wouldn't touch the Santander Growth Plan with a 300 foot bargepole - there's a reason why it looks the best to the untrained eye.

agsnu

ecosse48 wrote: »

my questions to you are ... do u think the co-op represents a fair deal, and if i invest with santender are their guarantees enforcable, or am i missing the detail in small print , 5% seems the best about

That's 5% in total, not 5% per annum, which is equivalent to just over 1% a year.

Baldur

There are also better 3-year rates available than that offered by the Coop, if you look at the links which I posted earlier, e.g. SAGA @ 4.65%; Yorkshire Building Society @ 4.65%.

dunstonh

There were some good structured products around 6 months ago but the terms have been falling. About the best income payer is 7% now. Abbey/Santander have never had a good one. They market their products to people that don't know any better so dont have to offer decent deals. A stance taken by the majority of the high street banks.

ecosse48

thankyou sincerely for your advice guys Particularly Baldur... ( i did look at the sites you listed but probably missed them, i have looked at so much theses past few days)

never thought investing an inheritance could be so mind boggilingly difficult..

I am intruiged at the 7% u mention dunstonh, I assume there is quite an elemnt of risk there? do you have any more info