Advice for investment or saving with 20k

Foxyuk01

Hi,

I'm looking for some financial advise. I have 20k in savings and can save approx £500 per month and i pay rent.

Currently my savings are in a Santander 123 account with approx 3% interest, but this interest is only earnt on upto 20k.

I would like advice on how best to invests my savings. I've looked at shares in a low risk utility company and 'buy to rent' on property but come away even more confused on where would be best to invest, or should I just continue saving and open another savings account?

Many thanks.

saintalan

Open another Santander account or two and avoid Buy to Let if you are at all confused.

There are plenty of threads here in the last few weeks "Advice on saving £XXK" , answers are pretty much the same unless you have different personal circumstances.

Cheers

Alan

dunstonh

I'm looking for some financial advise.

Board is not regulated to give advice. Just comment and discussion.

I've looked at shares in a low risk utility company and 'buy to rent' on property but come away even more confused on where would be best to inves

these options are pretty much at the higher end of the scale in terms of risk and require research and work on your part. You have mentioned these and cash but what about all the conventional options in between? Why have you eliminated those?

Foxyuk01

Many thanks both.

Conventional options? Such as ISA, Bonds?

dunstonh

Conventional options? Such as ISA, Bonds?

unit linked funds. Held in an ISA would make sense). They are your conventional investment options for the inexperienced or less active investor.

Bond can mean many different things. So, you would need to put that in context.