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150k investment, best place?
Comments
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Yes, it is a good place to trade.
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That's a really good place.
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As an example using today's best fixed rate savings accounts, and for the sake of simplicity forgetting about the need to keep savings in any account below £85,000 for protection:
One year (2.85%) followed by a three years (3.22%) would leave you with a balance of £166,078 after the four years you specified (assuming basic rate tax and no other savings to impact your personal savings allowance).
A five year (3.4%) would leave a balance of £173,035 after five years, using the same calculation and assumptions.
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