Where to invest £10 000?

wayne77

What's my best option for investing £10 000?

I can put it in a no access account for a max of 12 months?

Or whatever is best?

Newbie2saving

Check this page out on MSE http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

grey_gym_sock

do you want the money back in 12 months' time, or when?

CLAPTON

do you want to save in an interest bearing a/c

or do you want to invest in some sort of investment?

wayne77

Probably just want to put money in an interest bearing account.

TDM850

As a suggestion Wayne, subject to your personal tax status you have an annual stocks and shares ISA allowance of £11,280. You could put your £10k into a Stocks and Shares ISA and buy blue chip stocks within the tax shelter that pay a hefty dividend yield, (e.g Tesco, Vodafone etc). You could buy £10000 worth of FTSE100 stocks with an average dividend yield of 5% - that's a return of £500 pa, which you can either reinvest into stock or leave as cash. There is some info here on a stocks and shares ISA dealing account that charges just £6 for each trade. The recent falls in the market mean there are a good selection of high yield stocks to choose from at present.

dunstonh

A year's timescale would indicate that you should not invest the money but stick with savings. Maybe a fixed term deposit but a 1 year one may not be that great compared to immediate access plans with a bonus.

Best thing to do is check out the comparison tables.

atush

If you pay tax, fill your cash isa and put the rest in the highst one yr FRB you can find.

But first, [ay off any debt with interest more than 3%