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What to do with 42k

foxybabe · 2021-02-01 09:14:00

Hi, I am a bit of a lurker on here but would appreciate some advice please. I have 42k which I inherited several years ago. I have kept it in fixed-interest accounts till now and moved it around to get the best interest possible. However, the best I can get at the moment is 0.40% tied up till March 2022. I don't really…

Comments

foxybabe Posts: 752 Forumite

1 February 2021 at 4:34PM

Hexane said:

If tying up some of the money for one year would be acceptable, then getting some of it into Regular Savers would seem worthwhile. Currently offering as much as 1.75% although more commonly around 1.3%

These also often have the advantage that they retain the higher rates of interest even after other interest rates drop even further (for example I still have several paying 2.75% at present).

This might be an option. I'll have a look.

Life may not be the party we hoped for, but while we're here we should dance....

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