Need a home for my £40,000 savings
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chelseablue
Posts: 3,303 Forumite
I currently have £40,000 dotted around in 3 different accounts (all paying rubbish interest)
Id really like some advice on what to do with it, to hopefully earn some more interest.
Just a couple of points:
*It will be needed to finance a house move in about 3 years. So could put it away somewhere for 3 years max
*I dont mind a bit of risk - but I don't want to end up with less than I started with
Can anyone advise? Or should I see a financial adviser?
Id really like some advice on what to do with it, to hopefully earn some more interest.
Just a couple of points:
*It will be needed to finance a house move in about 3 years. So could put it away somewhere for 3 years max
*I dont mind a bit of risk - but I don't want to end up with less than I started with
Can anyone advise? Or should I see a financial adviser?
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Comments
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chelseablue wrote: »I currently have £40,000 dotted around in 3 different accounts (all paying rubbish interest)
Id really like some advice on what to do with it, to hopefully earn some more interest.
Just a couple of points:
*It will be needed to finance a house move in about 3 years. So could put it away somewhere for 3 years max
*I dont mind a bit of risk - but I don't want to end up with less than I started with
Can anyone advise? Or should I see a financial adviser?
Loads of threads on the board from people in your situation ("I have £20K/£30K/£40K/£50K (delete as applicable)...where's the best place to put it?"), so I won't duplicate the answers already given times many, but leave you to search out the specific threads on both this board and the current account board.
3 years is too short a timescale for 'investing', so don't waste your money paying for advice.0 -
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Ask around at the Bridge for what they do with their loose change?0
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