Most profitable way to invest £85000 for x2 years.

bostonerimus

CMC67 said:

TheMilkmansDad said:

Don't invest for 2 years, there's a chance you would loose money over that period.

Does your mortgage allow over payments? Most do, so if so max out an over payment straight away. Stick the rest in premium bonds and then over pay again next year (most mortgages allow 10% no charge over payments each year).

My mortgage rate is only 1.39% so investing it is definitely the way to go i was hoping some people might know of some obscure bank/ financial institution that might be giving a higher rate so put it out there to see what you would all come back with, but thanks anyway. 

Why would you put you money into an "obscure bank". That's how you lose it all to fraud. For two years you would be taking lots of risk to put it into a volatile stock market so just put it into a couple of saving accounts (for FSCS protection) in respectable banks.

Alexland

It sounds like the clock has already started on the 2 year mortgage rate in which case you may not want to use a 2 year savings product if it means you move onto the lender's unattractive standard variable rate for a few months before you have access to the savings account to repay the loan?

Albermarle

bostonerimus said:

CMC67 said:

TheMilkmansDad said:

Don't invest for 2 years, there's a chance you would loose money over that period.

Does your mortgage allow over payments? Most do, so if so max out an over payment straight away. Stick the rest in premium bonds and then over pay again next year (most mortgages allow 10% no charge over payments each year).

My mortgage rate is only 1.39% so investing it is definitely the way to go i was hoping some people might know of some obscure bank/ financial institution that might be giving a higher rate so put it out there to see what you would all come back with, but thanks anyway. 

Why would you put you money into an "obscure bank". That's how you lose it all to fraud. For two years you would be taking lots of risk to put it into a volatile stock market so just put it into a couple of saving accounts (for FSCS protection) in respectable banks.

We have some smaller banks in the UK , that most of the population have never heard of , so to them they would be 'obscure' even if they are still protected by FSCS. In fact new banks/saving institutions appear all the time, and even many of the regular members of this forum have never heard of them.

If you look at savings comparison sites ( legit sites) then probably the Top 5 would be unknown to 90 % of the population, and they would shy away and go for a well known name with a poor interest rate.