saving

peterpest57

I have £2000.00 sitting in my bank doing nothing, what would be the best short term investment for me to gain the highest interest.?

p00hsticks

peterpest57 wrote: »

I have £2000.00 sitting in my bank doing nothing, what would be the best short term investment for me to gain the highest interest.?

"Investment" and "short term" don't really go hand in hand. Assuming you mean savings rather than investments, your best bet is to move your money into one of the high interest current accounts frequently mentioned on these pages.

jimjames

As above, investment is a not great idea for short term unless you're a huge gambler.
If you are looking at savings then you can get at least 5% on £2000 with a current account and with a bit more effort increase that to over 8% with a second. Not bad for a risk free return.

TSB 5%
Halifax £5 per month


Boost it even more with some switching bonuses.

eskbanker

jimjames wrote: »

As above, investment is a great idea for short term unless you're a huge gambler.

Missing a fairly important 'not' in there!

jimjames

eskbanker wrote: »

Missing a fairly important 'not' in there!

Whoops! Now fixed!