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Investment to replace insurance?
Andy_ArT_Trigg
Posts: 66 Forumite
I don't believe in breakdown insurances and insurance against emergency plumbming disasters etc. but I would like to invest a small amount per month to cover myself for such emergencies.
Would an ordinary savings account do, or is there something better such as a long-term policy? Bearing in mind that this would be a life-long commitment to save a small amount each month as I will always need access to some money if something expensive and unforseen occurred.
Would an ordinary savings account do, or is there something better such as a long-term policy? Bearing in mind that this would be a life-long commitment to save a small amount each month as I will always need access to some money if something expensive and unforseen occurred.
Whitegoodshelp
0
Comments
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Hi Andy_ArT_Trigg, noticed you haven't received a reply to this query, so I am going to move it to another board.
Okay we'll see if this board helps you out more!
Honorary Northern Bird bestowed by AnselmI'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones
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If you are not currently using your ISA allowance then a cash ISA might be a good idea, i otherwise an on line accounts with the likes of ING who offer a good rate of interst might be worth a look.
check out Martins articles on Savings here0
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