We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

How best to save £90,000?

Hi,

I came into some money (£90,000) and want to pay into my mortgage after my mortgage term ends in Sep' 2021.
I want to pay in £16,000 into my mortgage in December 2019 and £14,000 in December 2020.
So question is how best to save the £14,000 until I need it in December 2020 and the remainder of £60,000 until I need it in December 2021.
I have no current savings or ISA's at all. I am thinking £20,000 each in me and my partners ISA allowance for a two year fixed.....but then what?

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.3K Banking & Borrowing
  • 254.7K Reduce Debt & Boost Income
  • 455.9K Spending & Discounts
  • 248K Work, Benefits & Business
  • 605.2K Mortgages, Homes & Bills
  • 178.9K Life & Family
  • 262.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.