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1 Year High Interest Account For £12K
WSB
Posts: 193 Forumite
I have £12K that I wish to invest in a high interest account for a year. Thinking about going for a year as guessing that I'll be able to get a better deal in a year's time.
Anyway, amy recommendations on where I can stash this £12K for a year with best returns?
Don't need any access to these funds during this time.
Thanks!
0
Comments
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Switch current accounts. Quite easy to make £500 / 4% net in a year, plus any extra 1-5% gains on top from traditional savings accounts with interest.
Dyor, etc.
https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/
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It isn't an either/or scenario. Current account switches are profitable, but you don't need savings for them. The two subjects should be treated independently.Millyonare said:Switch current accounts. Quite easy to make £500 / 4% net in a year, plus any extra 1-5% gains on top from traditional savings accounts with interest.
Dyor, etc.
https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/3
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