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Where to invert £30,000 over 5 years??
andycarmi
Posts: 1,072 Forumite
Hi there just what the title says really my mum and dad have £30k to invert for the next 5 years. Thet want it to be guaranteed. what could they expect back after this time?? I can only find the post office site which tells you what you get back after the term any ideas??
thank you for your time
Andy
thank you for your time
Andy
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I can "invert" money!
If they want it to be guaranteed then they don't want to invest. They are looking at a savings account of some sort. There are several instant access accounts paying up to 5.65%. They can put £3K per year into a tax free cash ISA. This is just a tax-free savings account.
I think they need to look into fixed term bonds or non-instant access for the best rates. Take a look on the main MSE site.Happy chappy0
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