Another £11,000 to do something with

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.
:D"Stay Wonky":D

:j:jBecome Mrs Pepe 9 October 2012 :j:j

Replies

  • kiwigirlkiwigirl Forumite
    383 Posts
    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

    KG
  • Burlesque_BabeBurlesque_Babe Forumite
    17.5K Posts
    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?
    :D"Stay Wonky":D

    :j:jBecome Mrs Pepe 9 October 2012 :j:j
This discussion has been closed.
Latest MSE News and Guides