£60,000 for 3 years?

ldticp

Hi everyone question for you all! I have just sold my second home and now have £60k to do something with for 3 years. I have a mortgage fixed untill 3 years from now so cant do anything there and have no debts whatsoever.

I'm not totally risk averse but want to find something to do with my money that will get me good returns by the time I refinance my mortgage. I already have filled ISA allowance and have a tregular saver at 8% at £250 a month for 3 years. So suggestions please whats best to do with this money?

Jonbvn

Index linked savings certs (NS&I) are looking good ATM due to high RPI. They are tax-free and you can invest up to 15k per issue per person.

Forgot to mention that they mature in either 3 or 5 years.

plonkee

I second the NS&I suggestion.

Another good idea is the highest interest rate savings account - remembering to switch regularly.

Its too short a timescale to think of investments.

Have you worked out what it would cost to make a repayment off the mortgage and whether that would in fact be beneficial even taking the penalty? Its unlikely unless you've got a high mortgage rate, but its worth checking nonetheless.