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not sure where to put 20k gift

kmb500 · 2017-10-11 14:49:14

Hi, last week a family member gave me £21000. I don't really have any savings to speak of and want to invest it sensibly. I am trying to find good bank accounts with the best interest rates but struggling so far. I'm looking at MSE's savings accounts guide and it seems the ones with the best rates are fixed term ones,…

Comments

Alexland Posts: 10,183 Forumite

11 October 2017 at 11:32PM edited 11 October 2017 at 11:35PM

21 is a great age to invest for your retirement - 39 years of compounding returns ahead! I'm serious it could be a fantastic thing to do with £4k and you'll have a lot of fun watching it go up and down and agonising about if you made the right investment choices along the way.

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