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Advice on savings

George0855George0855 Forumite
2 Posts
First Post
MoneySaving Newbie
Hi martin my wife and I have a lump sum sitting in a isa could you please tell us what we could do with it. It is not doing anything in the isa . As you know. Many thanks George 

Replies

  • grumiofoundationgrumiofoundation Forumite
    1.9K Posts
    1,000 Posts Second Anniversary Name Dropper
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    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

    https://www.moneysavingexpert.com/savings/best-cash-isa/

    Unfortunately I don’t think Martin monitors the forums. 

    When you say it is ‘doing nothing’ I presume you mean getting low interest? 
    Wha do you want it to ‘do’? 

    Do you want easy access to all/some of it (best Cash ISA 0.9%, best non-isa 1.16%)
    Are you willing to lock it away for higher interest? 
    Does it need to be in an ISA (will you pay tax on interest, want to invest it soon?)
    Do you want to hold it as cash? 
    What do you want to use the money for? 



    N. B. Have assumed you meant cash ISA not stocks and shares.
  • George0855George0855 Forumite
    2 Posts
    First Post
    MoneySaving Newbie
    Hi martin. I am unsure as to what is the best way  to    increase the value of it.if you could advise us this or that or leave it where it is. Sorry if this is not much help. Keep up the good work. Stay safe  many thanks George 
  • eskbankereskbanker Forumite
    18.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    Hi martin. I am unsure as to what is the best way  to    increase the value of it.if you could advise us this or that or leave it where it is. Sorry if this is not much help. Keep up the good work. Stay safe  many thanks George 
    You seem to have completely ignored the post from grumiofoundation, who helpfully pointed you towards articles explaining options for what to do with your money and then also asked you a number of questions that you'll need to answer if you're looking for some more tailored guidance, as your request is much too vague at the moment, no matter how often you repeat it.
  • grumiofoundationgrumiofoundation Forumite
    1.9K Posts
    1,000 Posts Second Anniversary Name Dropper
    ✭✭✭
    eskbanker said:
    Hi martin. I am unsure as to what is the best way  to    increase the value of it.if you could advise us this or that or leave it where it is. Sorry if this is not much help. Keep up the good work. Stay safe  many thanks George 
    You seem to have completely ignored the post from grumiofoundation, who helpfully pointed you towards articles explaining options for what to do with your money and then also asked you a number of questions that you'll need to answer if you're looking for some more tailored guidance, as your request is much too vague at the moment, no matter how often you repeat it.
    To be fair the question was directed to Martin (educated guess Lewis) and I am not he. 
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