What's best for my £25k

Driftwoodgirl

I'm about to receive £25k and want to know how best to invest.

I thought about topping up my ISA and then a high interest account, but I really want to make my money work for me. What's best please?

Aegis

Are you prepared to put your capital at some risk? If so, how much would you be able to watch your capital reduce by without panicking and pulling out? Do you have existing savings? Do you have any debts? Are your incomings sufficient to match your outgoings?

If you answer those questions, someone might be able to point you in the direction of some potential solutions

Driftwoodgirl

Hhhmm would be worried about risk and would hate to loose money.

Wouldn't have any debts

Aegis

You'd count as risk averse then, which basically limits the selection to bank accounts or National Savings products.

Your first port of call should be a cash ISA (£3k) and another one in April (£3600). You should look into high interest savings accounts, regular savers and possibly NS&I Index Linked Savings Certificates.

I hope that's some information to go on!

Driftwoodgirl

Thanks for your advice