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an investment that needs paid back
totallynew
Posts: 6 Forumite
My mother has just retired and plans to go travelling. She has sold her house and plans to use this money for her travels. She would like to leave £15,000 with me as security that she has money left on her return. How would I best invest this for a period of approx 2 years and be able to return her money to her?
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Comments
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probably best not to invest it as it isnt your money and its only two years. I would stick with savings accounts or other deposit based products and aim to beat RPI (currently 4.8%).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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totallynew wrote: »My mother has just retired and plans to go travelling. She has sold her house and plans to use this money for her travels. She would like to leave £15,000 with me as security that she has money left on her return. How would I best invest this for a period of approx 2 years and be able to return her money to her?
£15k & 2yrs = NS&I Fixed Rate Savings Certificates?Anything posted is not given as advice but to help with a discussion.0
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