Where to put 40k?

FrankR

If I put 40k in a Kent Reliance bond at 2% annual return, I'll only get £800 interest.
That is not a lot, less than inflation.
How do I get more off the 40K without risking it?

xylophone

https://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html

You can get a little more by tying up the cash for a longer period but if we could earn high interest on a risk free basis we'd all be doing it.

FrankR

xylophone wrote: »

https://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html

You can get a little more by tying up the cash for a longer period but if we could earn high interest on a risk free basis we'd all be doing it.

My rate is 1.96%... They must have lowered the rate since I joined. It's 1.85% now.

T6vwcamperproject

You don't.

Vanguard Lifestrategy 20 40 60 or maybe 80 ISA would be my suggestion, look up Pension Craft on Google for some sensible advice. Maybe a Vanguard Target Retirement Fund would be an option for you also.

I put a goodly sum in Vanguard Lifestrategy 80 at Xmas, it has returned between 9% and 11% since thanks to the S&P 500s best 1/4 in 20 years, I did get lucky with timing that investment at the markets low point.

Same with Lindsell Train Global Equity, I'm getting a tax free return with that fund through ISAs, much higher risk and higher fees but that is also standing steady at 8% ish.

Brilley

..Premium Bonds and hope for "the big one" ....

Thrugelmir

What do your plan to do with the money?

sixpence.

Questions:

How long do you want to invest it for?
What do you want this money to do? (provide income? retirement? buy a house?)

Prism

You could split it into two, a 1 year and a 2 year bond. Gets you around 2.15% which just about beats current inflation