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Lump Sum

Hi

We are selling our house and hope to have a lump sum of about £350,000, to invest, until we buy something else. We will be staying with my father until then. What would be the best way to get the maximum interest on this money?

Thanks
Jackie
Treat everyday as your last one on earth! and one day you will be right.

Comments

  • KTF
    KTF Posts: 4,855 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How much risk to do want to take? If its low then open an instant access savings account. Look at the best buy artice or on https://www.moneyfacts.co.uk or similar.
  • dunstonh
    dunstonh Posts: 120,211 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    you shouldnt be investing for short timescales unless you are high risk in nature. You should stick to savings accounts.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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