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Advice on lump sum

qbscotty
qbscotty Posts: 5 Forumite
in Savings & investments
Hi

I have £13k that I want to deposit somewhere. Just wondered if anyone knew what the best option would be? Is there a current account/ISA/savings account that has a good interest rate if only for a year that I can deposit the cash?

Thanks

Comments

  • ColdIron
    ColdIron Posts: 10,325 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    You could start with the Top Savings Accounts link at the top of the page
  • ThinkingOutLoud_2
    ThinkingOutLoud_2 Posts: 1,402 Forumite
    Fifth Anniversary
    One idea...

    And/or depending on your appetite to risk and how "extra" this money is to your finances, you could consider some higher paying opportunities like peer to peer - which Martin himself uses. The returns way have exceeded a short term cash ISA for Martin by a sizeable margin, but are not so protected as he explained. Again follow the Savings' navigation bar link and look below Top Savings for a dedicated article on Peer to Peer.
    I am just thinking out loud - nothing I say should be relied upon!
    I do however reserve the right to be correct by accident.
  • qbscotty
    qbscotty Posts: 5 Forumite
    thanks for the above help
This discussion has been closed.
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