📨 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!

£200,000 to save short term. Where ???

Options
2»

Comments

  • isofa
    isofa Posts: 6,091 Forumite
    peawack wrote: »
    Not the best time to buy, anyway. Put the money in the Nationwide (safe as houses), at 6.45% for one year. Then look for a house in one year time.

    No safer than Icesave or virtually any other bank.
  • peawack
    peawack Posts: 320 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    isofa wrote: »
    No safer than Icesave or virtually any other bank.

    Sorry, it was just a suggestion. I didn't realise this was a competition.
    Peter
  • isofa
    isofa Posts: 6,091 Forumite
    peawack wrote: »
    Sorry, it was just a suggestion. I didn't realise this was a competition.

    Oh scarcasm! :j why thank-you ;) It isn't a competitive (unless there is a prize...) and I didn't mean it like that. You post just leant towards that Nationwide maybe perceived as safer than all the rest. I'm just trying to get across that your money is pretty safe in all decent banks. :beer:
  • peawack
    peawack Posts: 320 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    isofa wrote: »
    Oh scarcasm! :j why thank-you ;) It isn't a competitive (unless there is a prize...) and I didn't mean it like that. You post just leant towards that Nationwide maybe perceived as safer than all the rest. I'm just trying to get across that your money is pretty safe in all decent banks. :beer:
    OK. Point taken, but the relative safety of the Nationwide and the decent rate was very attractive. No longer. The rate has been dropped again, to 6.25 % !
    Peter
  • ryan07
    ryan07 Posts: 13 Forumite
    how about investing it in the stock market? thats a bit tricky but.... but for short term.. thats the most easy way...
    No Links in Signatures by Site Rules - MSE Forum Team 2
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ryan07 wrote: »
    how about investing it in the stock market? thats a bit tricky but.... but for short term.. thats the most easy way...
    No, no, no, no, no!

    In the short term a stockmarket investment has the potential to drop in value, which would be terrible for someone trying to buy a new house. It is utterly inappropriate for the OP's financial situation!
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Stavros_3
    Stavros_3 Posts: 1,288 Forumite
    Me, well I am handing over my 100k tomorrow morning to a fixed rate bond, netting me well over 5k in interest after tax. Stocks, shares can take a run and jump, the market at the moment has been hit by the iceberg, and all depends on whether the engineers can patch up the hole. Spoke to an IFA yesterday and I asked him if he had the 100k to invest would he hand on heart plunge into the stock market. His reponse spoke volumes...."Would I ****. So there you go
    Liquidity is when you look at your investment portfolio and **** your pants
This discussion has been closed.
★ ★ ★ 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
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K 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.
Update Your Picture