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What to do with £10k over 2 years
ntm
Posts: 2 Newbie
Hi,
I have £10k sitting in a Lloyds TSB savings account (and earning pennies on interest).
I know I should probably move it somewhere else, but this is where I need help!
I would like to be able to access the money in summer 2012, and don't mind a little bit of risk taking...
Any ideas of where I could earn the most out of it?
Thanks!
I have £10k sitting in a Lloyds TSB savings account (and earning pennies on interest).
I know I should probably move it somewhere else, but this is where I need help!
I would like to be able to access the money in summer 2012, and don't mind a little bit of risk taking...
Any ideas of where I could earn the most out of it?
Thanks!
0
Comments
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If you don't already hold three Vantage accounts with LTSB (each customer is permitted to hold up to three), you could open two Classic Accounts with Vantage, pay £5,000 into each and earn 4%AER on them (on balances between £5k and £7k) - £1,000 must be paid into each account monthly (e.g. Standing Orders for £1k from account A to B and B to A on the same date each month).0
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Hi
If you only wish to invest for a two year period you really shouldn't be looking at anything other than a deposit account. Asset classes, other than cash, are too volatile for such a short time period.
The Cautious Investor0
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