Best place to invest £15,000

jenspens

I have just got my redundancy payment of £15000 and want to put it away where it can get some good interest. I dont need it just now as my other half is in work and I may pick up some part time work soon. I have filled up my Isa for this year so can't put it there. I dont want anything risky and was thinking about national savings and investments. I am not very up on interest rates and all that but wondered if anyone could point me to some good accounts.

Ark_Welder

Check out the 'Banking Saving' tag at the top of the page. I sometimes use MoneySupermarket, but with the Search All Savings Accounts option because it will show some offers that are not site promotions.

Perhaps have a think about some in NS&I Index-Linked, and the rest in either easy access or fixed term. The NS&I should give some protection against future inflation, but the others should offer a better return if future inflation turns out to be lower than expected.

atush

If your cash is locked up for a period of time in your ISAs and other savings, you are goingt o need to keep some of that instant access.

If you have instant access cash for emergenices, I'd open NST ilsc. 5 year term, but can be accessed after one year w/interest and no penalty.

Until you actually get a job, I can't advise putting it away for a longer period or into riskier investments.