Where to put my cash to get a decent return

20122013

Where to put my money if I do not require access for next 3 years to get the best return? I can think of fixed-rate savings accounts and easy-access accounts.

InvesterJones

https://forums.moneysavingexpert.com/discussion/6675788/where-to-put-my-cash-to-get-a-decent-return

What's your tax situation?

20122013

https://forums.moneysavingexpert.com/discussion/comment/82065022#Comment_82065022

I would have used up the CGT allowance for this and next tax year. I am a basic rate tax payer, with no income but will have some savings interests.

masonic

It's a coin toss whether you'd get a better return from fixed rate or easy access over the next 3 years. There is some expectation interest rates will rise, but as to how far and for how long, that's anyone's guess. You could hedge your bets and put some in each.

20122013

https://forums.moneysavingexpert.com/discussion/comment/82065061#Comment_82065061

I have some money in RLSTMMF for about two months but the return is less than savings rates (after the fees), does it time for it to grow (like an investment)? or CSH2?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82065078#Comment_82065078

You shouldn't expect much more than the BoE base rate as a return from a simple STMMF. That is lower than the best savings rates. So actively managing savings accounts will normally lead to a better outcome, but requires more effort.

friolento

How much cash are we talking about, how much time do you like to spend managing it, what is your total taxable income, how much of your ISA allowance have you used, what will be your cash ISA allowance from next April?

Regular Saver accounts might suit, so might ISA. Full list of savings rates on moneyfactscompare

20122013

https://forums.moneysavingexpert.com/discussion/comment/82065137#Comment_82065137

I have used up my ISA allowance and I allocated funds for next year's ISA. I am looking for RS over 5%, have opened all the one that is over 5% . My income will be interests from savings. This new cash is from the sale of some assets so not a small figure.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82065210#Comment_82065210

There's quite a few RS above 5%. You can find a comprehensive list here, so quite possible there are a few you've missed if you've not already worked through this list: forums.moneysavingexpert.com/discussion/comment/81861121/#Comment_81861121

Also see the top of Part 2 in the next post.

This doesn't help you much with your lump sum, but it should mop up any excess income.

20122013

https://forums.moneysavingexpert.com/discussion/comment/82065230#Comment_82065230

I will check the list and see whether I may have missed. is the ILG or government bond worth looking into? as I am not sure how to do the calculations on the ILG website.

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/82065266#Comment_82065266

3yr gilts are yielding about 4.3%, ILG at inflation + 0.7%