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£50000 lump sum to invest for 12 months

phgt40
phgt40 Posts: 2 Newbie
in Savings & investments
:confused: I have £50000 to invest (from property development) for 12 months,where can I get the highest interest. I would like to be able to take out the money without notice to buy the next property when I need it.Any suggestions welcome.Thanks

Comments

  • dunstonh
    dunstonh Posts: 120,213 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    stick to savings accounts and not investments if its just for 12 months. Take a look at the savings rates posted in the savings section of the website for more info on rates. (see links left of the forum)
    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.
  • amcluesent
    amcluesent Posts: 9,425 Forumite
    >where can I get the highest interest<

    Loan sharking round your nearest sink estates can be lucrative, but put some cash aside for protection
  • Rhino666
    Rhino666 Posts: 571 Forumite
    Part of the Furniture 100 Posts
    Icesave looks the best bet at the moment.

    dunstonh is right - use moneyfacts or similar for the best instant access rates
    PLEASE DO NOT STEAL
    The Government will not tolerate competition

    Always judge a man by the way he treats someone who is of no use to him
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