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What to do with 20K?

furypete
furypete Posts: 2 Newbie
in Savings & investments
Hi everyone

I am looking for a bit for steer. Luckily enough, I just received around the sum of £20,000 as part of a house sale.

I am currently living out in Spain and don't really know what to do with this sum. I don't need the money right now so I was thinking of ISAs or something similar.

Can anybody recommend something specifically? I have read a lot about it and I get a little bit overloaded with information.

Thanks in advance!

Comments

  • enjoyyourshoes
    enjoyyourshoes Posts: 1,093 Forumite
    Seventh Anniversary 1,000 Posts Combo Breaker
    Most bank accounts require you to be resident in UK.

    Premium Bonds are OK if you live abroad, but they are not savings !

    It may require additional research on your behalf to find which accounts are OK for expats
    Debt is a symptom, solve the problem.
  • jimjames
    jimjames Posts: 19,395 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    johnodocs wrote: »
    I am currently living out in Spain and don't really know what to do with this sum. I don't need the money right now so I was thinking of ISAs or something similar.
    You can't open an ISA if you're living in Spain. Do you need the money in Euros or sterling?
    Remember the saying: if it looks too good to be true it almost certainly is.
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