champs

champika_george

I have cashed in an endowment which was doing so badly.At present I am tied to a fixed morgage rate of 3.85% till next Oct 06 hence can't pay off some of mogage with the cash.I want to invest the money for a year in a high intrest paying account so it can be used next year to pay off some of the morgage . Any suggestions on how I can work this money work hard with in an year?? Cash in value is aprox £20,000 :

Froggitt

You can get about 5.5% or so from places like Cahoot, Portman, ICICI. Also give it to a non-taxpayer to invest for you. Dont do ING as theyre about to reduce rates.