newbie needs help pls

struggle_2

i ve reading the forum whole day but couldnt find an answer how to invest my £10000
i might need this money instantly therefore i cant put in isa and this "drip feed" its bit confusing i couldnt figure out
so pls pls help me out.....
show me the way
btw i am tax payer

many thnks

barak

Read Martin's section on Banking http://www.moneysavingexpert.com/banking/

struggle_2

i ve already read all this but as i said earlier i m a bit confused
it would great the have a straight info..

many thanks...

isofa

There are many possibilities, so one "straight" answer doesn't really exist.

My rules would be use your 3K ISA allowance first, and make sure it's a instant access one, if you might need the money.

Then with the remainder, put it into a high-interest "instant" access type of account, such as IceSave, ICICI, Sainsbury's or any number of the others of offer, you'll be getting at leat 6.2% gross on the that, and can get the money out very quickly with no penalty.

Lavendyr

You can access many ISAs including the current market leader, NS&I, immediately to withdraw your funds and you still earn interest for the time the money was in there, so don't rule an ISA out entirely - just remember that if you deposit £3k then withdraw £3k you can't deposit anything more until the next tax year.

So I'd say use your ISA allowance for £3k, then the rest in a high-interest savings account. Basically, what isofa said