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What to do with a lump sum?

Jaypee630 · 2013-10-22 15:06:58

Hi, First post here as have just registered for some advice. I'm about to get a lump sum of £35,000. I have a cash ISA that's full for this year. I don't have any other savings, nor a house as I rent very cheaply at the moment - although am keen to buy in a few years. I have no debts and live cheaply and earn enough to get…

Comments

xylophone Posts: 45,925 Forumite

28 November 2013 at 11:13AM

If by "a few years" the OP means under 5-10 years and he wants the money for a house deposit, then he is better sticking with deposit accounts of some kind or another, possibly moving to cash ISA as and when?

As has been said previously, he can look at Santander 123, Nationwide Flexdirect account, TSB Enhance, FD for the regular saver etc, but he needs to be aware of the funding requirements and willing to take the time to cycle the money round the accounts.

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