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£20,000. To save.Best tactics ???
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cslogg
Posts: 342 Forumite
I have £20,000 which I intend to use to buy my wife and I cash ISAs.
One each for 2013-14 and one each for the following year.I am going to deposit £10,000 in a one year fixed rate saver and the same amount in a two year one.I already have next years covered,any comments on weather this is the best tactics?
Thanks
cslogg
One each for 2013-14 and one each for the following year.I am going to deposit £10,000 in a one year fixed rate saver and the same amount in a two year one.I already have next years covered,any comments on weather this is the best tactics?
Thanks
cslogg
0
Comments
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yes, although if you kept some of it easy access you could invest in the next tranche of NSI ILSCs is some come available in march/april. Thesze give you guaranteed interest above inflation plus are tax free unlike reg savings accts.
Have you got any equity exposure? Pensions? Generally (apart from ILSCs) cash does not outperform inflation so your buying power shrinks.0
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