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Savings Advice

NAN63_2
NAN63_2 Posts: 19 Forumite
in Savings & investments
Hi

I have £6500 in a mini cash isa with Smile taken out in 2001. Plus I have £3300 in a regular savings account with HSBC. In addition I have made £1700 over payments with my mortgage over the last 8 months.

I would like to retain access to the £6500 for emergencies. But would like to invest the £3300 in an investment which has a higher rate of return.

I addition, I would like to invest £500 per month in something which would be for a year.

Grateful for any advice


Regards

Comments

  • tyllwyd
    tyllwyd Posts: 5,496 Forumite
    The Smile cash ISA doesn't have a good interest rate, so one thing to do is to transfer the money into a better one. Have you contributed to the Smile ISA this tax year, and if so, how much?
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