Got £35,000 to invest, any recommendations?

Amar1

Hello,

I have approximately £35,000 spread across a number of accounts. The highest paying 2.75% although this is a cash ISA. I would like to essentially invest this money to a higher yield and would be interested to see if there are recommendations.

Thanks,

Amar

mackemdave

£30,000 into Premium Bonds

bodmil

Do you mean invest? As in, be prepared to lose it? Or do you just want to put it in as high interest savings account as possible?

Amar1

Well I don't really want to invest it in anything that I could lose that much, I'd rather have it in a savings account or anything else? What are premium bonds by the way?

Stompa

Amar1 wrote: »

What are premium bonds by the way?

http://www.nsandi.com/products/pb

Personally, I'd avoid. The chances are you'd make even less than you are currently.

tuggy

sounds like you dont want to "invest" at all, you want to "save" different word, totally different meaning

adonis10

mackemdave wrote: »

£30,000 into Premium Bonds

Silly to put that much in to be honest. As interest rates are so low, it's probably worth sticking a few grand in premium bonds, for the sake of £50-80 interest, it's probably worth it. I've got 2k worth and won £25 Jan, Feb and Mar which outweighed any interest I'd have earned. Yeah, I may not win anything for another 2 years but the chance is there for the minimal interest lost.

The link below shows higher value winners. Note that one of the £50k winners has a holding of just £500.

http://www.nsandi.com/products/pb/winnerlist