£73k to invest

eskbanker

briansmith50 said:

Check out [spam] they found me a great deal. FSCS protected.

That site looks pretty amateurish (being diplomatic here!), but please share the details of the deal they found you....

kempiejon

dredge322 said:

Sold my rental property and now have £73k that I need to invest. Problem is, I dont know how long I will be investing it for. I may need the money in 1 month or 12 months time. So It must be an account where I can transfer it back into my currant account. 1 months notice should be fine.

I was thinking Easy Access ISA (Trading 212) the rest in a easy access savings account.
I bank with Barclays and HSBC. None of which have any decent option's.
I even thought of putting into my NS&I Savings Bonds but that wont give me interest, just a chance of winning money. No idea on the odds for that are.
Your thoughts would be appreciated 

I don't think you need to invest, investing is for money set aside for 10 years really. Savings are where it's at for 12 months or so. £73k at 3-4% savings gives a potential tax bill. Individualy tax arrangements will influence best places. Stick £20k in cash ISA, no tax bil on that, another £20k after Aprill. £50k in Premium bonds, no tax bill and likely £1k+ in winnings over 12 months. Odds of winning 1 in 22000. So with 50000 bonds should be a prize or two most months, most prizes are £100 or less.

jimjames

dredge322 said:

I also read you can now have more than 1 ISA

You can have more than 1 ISA per year but the limit is still £20k so in your situation it doesn't really help having more than 1 as you've still got more than the limit.

Notepad_Phil

eskbanker said:

briansmith50 said:

Check out xxxxxxx they found me a great deal. FSCS protected.

That site looks pretty amateurish (being diplomatic here!), but please share the details of the deal they found you....

That post seems to have been deleted - probably too many reports of spam. Perhaps you might want to edit out from your post the site they mentioned?