We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Lump sums

I'd like to deposit a lump sum. Can anyone advise on plum or atom for this over short term 6/9 months. I'm also considering an isa. Amount to invest £65000. Thank you

Comments

  • Bigwheels1111
    Bigwheels1111 Posts: 3,272 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Not used Plum, But Atom are great.
    Fast deposits and withdrawls.
    I use Chip, easy access ISA 5.1% at the moment.
    It is -0.15% below the base rate and tracks it.

    As the funds are earmarked for my 14 regular savers.

    Here you will find the most upto date rates. Highest rates.
    Top left savings, click it.
    Then Fixed rate bonds or ISA.
    Then select lenght and rate order.


  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    kelley42 said:
    I'd like to deposit a lump sum. Can anyone advise on plum or atom for this over short term 6/9 months. I'm also considering an isa. Amount to invest £65000. Thank you
    An ISA will only take £20k so you'll need to find a home for at least £45k of the money if you're only keeping it for 6-9 months. If you don't want to have more than 1 account then just find the best rate savings account you can for that time.
    Remember the saying: if it looks too good to be true it almost certainly is.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.