Lump Sum Investment 29 June 2006 at 10:21PM in Savings & Investments 2 replies 639 views

ian261069

I have just received £10,000 and want to invest with no risk to the money but to be able to have access to the money. Any ideas!

ManAtHome

If no risk (or minimal risk**), you need savings not investments, have a look here for "best buys" http://www.moneyfacts.co.uk/menus/main/menu_savings.htm May be surprising, but most instant-access accounts pay better than notice accounts.

**Minimal risk - little chance of losing your cash, but inflation will erode it...

dunstonh

http://forums.moneysavingexpert.com/showthread.html?t=219389

That thread covers the fact that no risk doesnt exist.