What to do with my £25000 life savings

SaverB

Hi all,
I have been religiously saving for years and have been putting my savings into ISA and fixed savings accounts. Obviously in the current climate my money is still being reduced in value due to inflation.
I was just wondering if any experienced savers could recommend any ways I could at least break even with inflation so my money is still worth what it is today.
I have seen the rates for 3 year fixes can beat inflation, but I aiming to put this money down for a house in 1 or 2 years, so what do you guys think is my best option?
I have no current debts to pay off and I am on a low income so do not pay tax.

xylophone

Better off using current accounts?
http://www.thisismoney.co.uk/money/currentaccounts/article-2508319/The-savings-rates-current-account.html

jimjames

xylophone wrote: »

Better off using current accounts?
http://www.thisismoney.co.uk/money/currentaccounts/article-2508319/The-savings-rates-current-account.html

If the OP is a non taxpayer then this makes complete sense.

It is pointless using ISAs when you are a non taxpayer and are intending spending the money before interest rates get anywhere near normal levels.

Archi_Bald

Will have to fill in an R85 form though to get interest paid gross.