New home for 22k.

desthemoaner

Hi All

I have ten grand in a fixed rate 12 month bond with Coventry BS which matures at the end of this month. The interest rate was around 1.5 per cent, and I'm a standard rate taxpayer. I also have 12K in a Barclays ISA, paying around 1.7 per cent, and would probably want to combine the two sums, giving a total investment of around 22k.

I'm looking to give it a home, preferably paying over 2 per cent per annum and I'm unlikely to need access.

Where should I put this for best return?

jimjames

Have you used all the 5% current accounts? They'll give best return but do.involve some work.

xylophone

Have you looked at TSB Classic plus, Bank of Scotland Vantage, Nationwide Flex Direct, Santander 123......

eskbanker

desthemoaner wrote: »

New home for 22k

Housing's cheap where you live then!

colsten

eskbanker wrote: »

Housing's cheap where you live then!

You're gonna get 2 of these for £20K, and clubcard points to last you a lifetime on top of it.:cool:

desthemoaner

Thanks, both for the serious replies and for the droll advantage taken of my ambiguous use of language. :0)


Will look at the accounts suggested.

eskbanker

Always glad to help!

On a more constructive note, http://www.moneysavingexpert.com/savings/savings-loophole has a decent comparison of the interest-paying current accounts, although for some reason it omits the Bank of Scotland Vantage offering....

DesG

You could always put it in premium bonds and cross your fingers

eskbanker

DesG wrote: »

You could always put it in premium bonds and cross your fingers

....or on the 2:30 at Newmarket if you're just wanting a gamble - if OP is seeking more than 2% return, they'd need to be exceptionally lucky to get that from Premium Bonds!