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£35,000 Lump Sum
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Phil30_2
Posts: 1 Newbie
Hello. I have a £35000 deposit as a first time buyer on the property market and would like to know the best way to save/invest for interest purposes. The period would be for less than six months as we do not want to commit to buy a property at this point due to the current climate. I have looked at Abbey's bank account to ICICI's top saver's account but find myself confused 
with taxes, actual interest rates and the jargon that goes with it. I would like intant access as if we find a home in the coming months we can use the deposit straight away. So highest interest for less than six months with a £35000 lump sum... Can anybody help?:undecided
Phil
with taxes, actual interest rates and the jargon that goes with it. I would like intant access as if we find a home in the coming months we can use the deposit straight away. So highest interest for less than six months with a £35000 lump sum... Can anybody help?:undecidedPhil
0
Comments
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with 6 months as the timescale you shouldnt invest unless you are an extreme risk taker.
Stick with savings accounts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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