NOW LIVE: The Forum 'Ask An Expert' event. The theme is ENERGY. Please post your questions on bills, switches, alternative fuels etc. Our expert MSE Andrew will answer as many as possible

WHERE TO SAVE/INVEST

FAITH001
FAITH001 Forumite Posts: 2
Part of the Furniture Combo Breaker
Newbie
I'm 51 i've been saving for a mortgage deposit but the account is not viable for any great interest, where should I put my savings.   I recently invested a small amount into a 7% fixed for a yr but not sure where to put the rest.

Comments

  • eskbanker
    eskbanker Forumite Posts: 27,415
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    Who's paying 7% on a one year fix (other than the First Direct regular saver), and why didn't you put the rest of your money in there too, if that's a suitable timeframe for your requirement?
Meet your Ambassadors

Categories

  • All Categories
  • 338.8K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.7K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 171K Life & Family
  • 244K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards