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What to do with £10K
AdamWhitrow
Posts: 1 Newbie
I currently have £10K in savings and it is just sitting in the bank, No interest being earnt, Wondering where I should put it, Savings account, ISA, Invest? If anyone can give any advise that would be great! Just looking to make more money for it rather than it sit there.
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Comments
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What are your aims for the money?Will you need to access it in the next year, 5 years, 30 years?House purchase? If so first house (then LISA would be a good place to look)?0
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What to do with it highly depends on your age, personal circumstances , job, pension provision and the questions above ,
So you will have to supply more info to get a sensible answer.1 -
You could start by opening an easy access account while you think which other options suits you better. Would you mind to have more than 1 account in different banks ?0
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You can look into an ISA account and invest in funds depending how long you want to invest for, risk apatite etc.
If pension then LISA is a good choice.
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Is this £10k your emergency fund?0
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NB If your forum name is your real name I would advise you to change it to something a little more "anonymous" ...
.."It's everybody's fault but mine...."1
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