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Are bank bonds equal loosing money?
luciano
Posts: 29 Forumite
I'm saving some money towards mortgage deposit. The plan was to get a nice sum of money first to make sure rates will be lower then my rent.
Right now I have about 40k. I put over 10k on 2 ISA (mine and my wife's) with NatWest and I'm thinking what to do with the rest. Any bound I came across is below inflation. On top of that there is the tax!
Obviously I'm not interested in 5 years bonds. Does it mean it's better to buy a property in a short term then losing my deposit money thanks to inflation?
What bond/investment (up to 2 years) would you recommend to me?
Right now I have about 40k. I put over 10k on 2 ISA (mine and my wife's) with NatWest and I'm thinking what to do with the rest. Any bound I came across is below inflation. On top of that there is the tax!
Obviously I'm not interested in 5 years bonds. Does it mean it's better to buy a property in a short term then losing my deposit money thanks to inflation?
What bond/investment (up to 2 years) would you recommend to me?
0
Comments
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Best 2 year bond currently is probably Post Office 3.96%, but don't expect it to last long.0
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