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Another £11,000 to do something with
Options

Burlesque_Babe
Posts: 17,547 Forumite

i've never been in this position in my life - money to save!!!
However, I took all the advice with the money I got at the end of May and I now have 3k in an NS+I ISA and then 12k in a savings account at 6% and i'm drip feeding it at £500 a month to the YBS 7% Regular Saver.
In the next 2-3 weeks I will be getting another 11k to do something with (!)
Should I just pop it in the same savings account and drip feed when the times comes?
Or, is there something else I could do?
I can't see me needing it for 2 years so if there is some way of making it work i'd love to have a few options.
I'm not very au fait with savings products so I might need guiding through them.
However, I took all the advice with the money I got at the end of May and I now have 3k in an NS+I ISA and then 12k in a savings account at 6% and i'm drip feeding it at £500 a month to the YBS 7% Regular Saver.
In the next 2-3 weeks I will be getting another 11k to do something with (!)
Should I just pop it in the same savings account and drip feed when the times comes?
Or, is there something else I could do?
I can't see me needing it for 2 years so if there is some way of making it work i'd love to have a few options.
I'm not very au fait with savings products so I might need guiding through them.

:j:jBecome Mrs Pepe 9 October 2012 :j:j
0
Comments
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Hi,
You could open up another RS with elsewhere and drip feed into it again or put some in a 1 or 2 year bond if you know you won't need access to it for a while.
Hope that helps
KG0 -
ok - what would be any recommendations for a good RS? I've got the YBS one going now.
I did consider a bond but I need to learn more about them. Why is a bond better than just putting it in a savings account? Is it just the interest paid?"Stay Wonky":D
:j:jBecome Mrs Pepe 9 October 2012 :j:j0
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