How do I get the most out of the money I've saved?

Kim_13

You may find the MSE guide to where to start saving useful: https://www.moneysavingexpert.com/savings/which-saving-account

It includes links to the MSE guides on the best bank accounts and regular savings accounts.

If you do decide to buy in the near future you should keep current account applications to a minimum, as each one will result in a credit search which would be visible to a mortgage lender (searches take between a year and two years to be removed from your credit file, depending on the credit reference agency concerned.)

What current account(s) do you have at present? It's worth making use of what you already have via taking any regular savers which they qualify you for and/or converting your account to the best account available with a given provider.

Plus

Something you might find useful is using a small amount of money (that you can afford to lose) as a means of learning how investments work. Think about it a bit like learning to drive... it's a skill that will likely come in handy later. It's really useful to do it over an extended period so you've been through at least one market crash and know what it feels like. There are virtual portfolios that let you do it without spending money, but it's not real unless it's your own cash at risk.

Though this might not be the best strategy if you're buying a house soon and need every last penny for the deposit.

ValiantSon

CliffordMiller wrote: »

Maybe you should try to invest your savings in the cryptocurrency in the trading market. My friend made a long-term investment using an automated platform. He was pleased with it.

Or you could just burn it instead!

Seriously, cryptocurrencies are a super high risk proposition. Anyone investing in them as anything other than a speculative bet needs their head read. They should not form a core part of your portfolio.

forgotmyname

Clifford Miller = Spammer

ColdIron

Yup, built up his post count so he can now post links