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investing £150k
furby-2003
Posts: 733 Forumite
Hi, I currently have an isa with first direct and everyday savings.
I would like to access the money easily as we want to buy a house but we dont know when so i would like the best rate out there.
Any ideas?
I would like to access the money easily as we want to buy a house but we dont know when so i would like the best rate out there.
Any ideas?
Converted comper to MSE. Thank you for all your answers!
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Comments
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ns&i is a safe place to put it: 100% Treasury guarantee.Free the dunston one next time too.0
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You shouldnt be investing on that criteria. Stick with saving and dont put it in term accounts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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If you really want the best rate out there you will need to split it across several accounts. There are current accounts paying 3% to 5% but you'll be doing well to get much more than half that sum into them between you. If you want easy access for the other half you're looking at ~1.3%furby-2003 wrote: »I would like to access the money easily as we want to buy a house but we dont know when so i would like the best rate out there.
Or you could just bung the lot into an NS&I Income Bond at 1.25%
So to get the best rates you're going to have to decide how much effort you're willing to put into it, there's probably about £1,000 difference pa in it after tax0 -
Buy a maximum holding of premium bonds. You never know......0
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