12k, where would you invest it?

suzyp1982

doesnt neccessarily need to be "instant access" but at least 1 month notice.

Steve_xx

I'd use my £3000 ISA allowance up with a National Savings Direct ISA at 6.05% tax fee, and put the remainder in the ICICI Bank at 6.05% AER.

wendyl1967

I have just been researching what to do with £20000 we will have next month. This is what I would do.
I'd use my ISA allowance ING mini cash isa for £3000.
quote from Martin saving section on this site 6.55% but only for six months. ING Direct* is offering a rate of 6.55%, instant access for six months, but then it drops to a variable rate of 5.15%. So if you're just looking for a short term place for your cash, or are prepared to transfer it elsewhere after six months (it doesn't charge a transfer out penalty), it's a winner. Another one where you can’t transfer in previous years cash.
I'd stash £6000 in an instant access account like a http://www.icicibankukhisavepromotions.com/lms_ct/UK_LP/index.asp?PAGEID=1&USERTYPE=MSM_TL
then transfer by standing order £500 a month into Yorkshire Building Society regular saver 7%
As quoted by Martin in the saver section The Yorkshire BS Regular Saver pays a lower 7% AER, but you can squirrel away up to £500 each month. For anyone drip feeding large savings in, this is a huge plus. The monthly deposit can be varied, meaning if you may pay in more than £250/month and don’t want to juggle more than one account, this is worth a look. Again, you can only miss one monthly payment and make one withdrawal to still get the 7% AER.

If you have children open up halifax regular saver Up to £100 a month earns 10% also recommended by Martin http://www.halifax.co.uk/savings/childregularsaver.asp
I'd put the rest in a halifax guaranteed saver account http://www.halifax.co.uk/savings/guaranteedsaver.asp
Store the money as above in http://www.icicibankukhisavepromotions.com/lms_ct/UK_LP/index.asp?PAGEID=1&USERTYPE=MSM_TL to transfer out.

Looking forward to other peoples suggestions.

dunstonh

Invest or Save?

You say invest but your post suggests savings accounts. Although many investments nowadays have no tie in.

jinkssick

if its save. NS&I ISA £3K.

Rest in ICESAVE or ICICI. Then fund to YBS at £500 a month max.

wendy youd be better of getting the A&L which gives 6.50 til june next year, on balances up to £2,500, then get the A&L saver with £250 max a month, but its at 12%

YSB is then the next option.