Best Investment.

Trevor59

I have some money to invest but i need to be able to get at it in an emergency, so probably a short term lock in only, any ideas? i already have full premium bonds, ISA's. This is my mom's money so i need lowest risk please.

poolforever

M&S everyday savings account offers 2.35% - you won't find much better than that

innovate

poolforever wrote: »

M&S everyday savings account offers 2.35% - you won't find much better than that

Well, that's saving, not investing. And you can get a heck of a lot better if you look around a bit. There are current accounts that pay 3% AER right now. Nothing that stops you from, effectively, using these as instant access savings accounts. You can get this rate on up to £50K if you play your cards right.

May be the OP can clarify whether they / their mother are looking for savings accounts, or for investments.

dunstonh

i already have full premium bonds

Given how poor they are, why?

This is my mom's money so i need lowest risk please.

So why are you using premium bonds?

it appears you are not looking at investing but savings. So you should refer to the savings charts.

poolforever

innovate wrote: »

Well, that's saving, not investing. And you can get a heck of a lot better if you look around a bit. There are current accounts that pay 3% AER right now. Nothing that stops you from, effectively, using these as instant access savings accounts. You can get this rate on up to £50K if you play your cards right.

May be the OP can clarify whether they / their mother are looking for savings accounts, or for investments.

The bank invests your money - separate arguement I know.

Would like to know which current accounts pay 3% as would the OP no doubt.

Russe11

poolforever wrote: »

The bank invests your money - separate arguement I know.

Would like to know which current accounts pay 3% as would the OP no doubt.

investment, not quite

webmasterpolo

poolforever wrote: »

Would like to know which current accounts pay 3% as would the OP no doubt.

Lloyds TSB Vantage pays 3% subject to T+C that are pretty simple.

Check out their website.

-Web

Glen_Clark

webmasterpolo wrote: »

Lloyds TSB Vantage pays 3% subject to T+C that are pretty simple.

Check out their website.

-Web

Says they don't pay interest above £5k. But you said £50k :huh:

innovate

Glen_Clark wrote: »

Says they don't pay interest above £5k. But you said £50k :huh:

Who said £50K when/where?


You are right, a Vantage account pays 3% only if the balance is £3K to £5K. But each individual can have multiple Vantage accounts. 3 Vantages are easy to get, another 3 might be possible for creative savers.
So that's £15K definitely possible, £30K may be.

jimjames

Trevor59 wrote: »

I have some money to invest but i need to be able to get at it in an emergency, so probably a short term lock in only, any ideas? i already have full premium bonds, ISA's. This is my mom's money so i need lowest risk please.

If you are investing then generally you have no lock in and can sell at any time so emergency access isn't an issue. However you do have the risk that the investment will rise and fall in the short term. Long term it should beat inflation and any blips will seems insignificant. Even the crash of 1987 barely registers on a graph of UK returns over the last 50 years.

Glen_Clark

innovate wrote: »

Who said £50K when/where?

You did. Post 3, this thread.