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100% in 1 year fixed saver, or 50% fixed for 1 year and 50% fixed for 2 years
Comments
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The ISA solution is the best middle ground i'd say.
Also it will safeguard the savings from Tax for future tax years if she manages to save more money going forward.
At that level of savings, putting a significant portion in a fix you can't access is not worth the reward.2 -
Emergency fund size is very subjective.
If don't own a car or reasonably new one, if rent rather than own, etc.
For the OP is the 2yr vs a split based more on what think interest rates will be?
All depends on whether your friend has FOMO or risk averse. What if the interest rate in a year is back under 3%? What if it's gone to near 7?0
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