Investing a one-off lump sum...

Magrat_2

I have just had indication that I could be in for a windfall of between £1500 and £2000 in backdated DLA/IS payments. I could invest more than that but I need to be shrewd to keep within the benefit laws.

I know that many savings accounts require regular monthly top ups and I am not in a position to commit £n amount a month, but I might be able to squirrel away a little bit every quarter or so (but, I have to be careful or I could lose benefit).

I am a complete neophyte when it comes to this sort of thing, so any advice would be welcome. I bank with NatWest, but they don't appear to offer anything. I don't want a fixed-term account either, as I would need to be able to have access to the money in a crisis - and not be penalised for doing so...

So, what should I do with me two grand?

Thanks folks,

Sarah

deemy2004

First port of call should be the cash-isa's even if yuor a non tax payer at the present.

The best is probably a fixed period investment such as the 5.4% 2 year fixed with Derbyshire BBS

blinko

agreed fill up your cash isa limit if you havent already done so
abbey offer 5.35% and alliance and leisvester offer 5.4% but a £25 penalty if you transfer, if you have already used up your £3000 cash isa allowance then a good savings account might be a good idea bradford and bingley offer 5.25% for there online saver