Where to put my savings?

bigtel_2

Hi,

I currently have £4000 in a Nationwide e savings plus account and think looking at this...

http://www.nationwide.co.uk/savings/all_accounts/all_accounts.htm

I get 1.6% p.a which I don't think is the best!

I'm saving and don't need the money at the moment so is there something better I could put this money in like an ISA etc?

Any help appreciated.

Thanks

Loughton_Monkey

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

http://www.moneysavingexpert.com/savings/best-cash-isa

kidmugsy

Consider ns&i Index-Linked Savings Certificates for any money that you won't need for a year.

psychic_teabag

IIRC the T&C on that account are such that if you close it, you lose accrued interest since the last opening anniversary (or the rate is reduced to something even more paltry). So withdraw the money but leave the account open until next anniversary.

Timingthemarket

I would buy inverse etf´s in some stock market indices since there is a high probability we go down for several months.
But then one should also use a so called stop loss if the unexpected does occur.

Moon_Boi

Timingthemarket wrote: »

I would buy inverse etf´s in some stock market indices since there is a high probability we go down for several months.
But then one should also use a so called stop loss if the unexpected does occur.

That's not savings, it's investments.

Timingthemarket

Moon_Boi wrote: »

That's not savings, it's investments.

That is what i would do.

atush

But your name could be a misnomer?

Moon_Boi

Timingthemarket wrote: »

That is what i would do.

Actually, i should have wrote "That's not savings, it's GAMBLING".

atush

I actually beleive in investing in equities.

But that isn't what the OP asked about.

Timingthemarket

Moon_Boi wrote: »

Actually, i should have wrote "That's not savings, it's GAMBLING".

Risk is something personal as well. What might be gambling for you is certainly not for me.
Do you consider buying stocks now gambling? I sure do since we are around the same levels as when the market started to decline in 2007. For other reasons as well.