We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Where to invest £20k
Lorne
Posts: 770 Forumite
Needs instant access, not sure how long it will be invested for. Would like something non-risky, ISA allowance for this year used up.
Any ideas appreciated?
Any ideas appreciated?
Thanks for the advice Martin! :money:
Member no. 920 - Proud to be dealing with our debts
0
Comments
-
Has to be the best savings rate you can get. Kaupthing Edge offer 6.5% as do Alliance & Leicester.0
-
Thank you very much, I've never heard of Kaupthing Edge before, has anyone had any experience of them? I'm not a huge A & L fan after difficulties with them last year I moved my account.Thanks for the advice Martin! :money:Member no. 920 - Proud to be dealing with our debts0
-
There is no investment option that meets your requirements. You should stick with savings.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
Thanks for the advice dunston, savings account it is then!Thanks for the advice Martin! :money:Member no. 920 - Proud to be dealing with our debts0
-
Kaupthing are an Icelandic bank. Well respected and, importantly,covered by the FSA rules and compensation support if they go bust.0
-
Kaupthing are an online bank only - I have an account with them and have found it easy to transfer money in and out of my linked account so far- some people are worried about investing in an icelandic bank and if you feel the same you might want to look at other posts about their financial position/compensation scheme before decidingThank you very much, I've never heard of Kaupthing Edge before, has anyone had any experience of them? I'm not a huge A & L fan after difficulties with them last year I moved my account.Keep the Faith:cool:0 -
Kaupthing are an online bank only
Kaupthing Edge is an online trading name of Kaupthing Singer and Friedlander, a UK subsidiary of the Icelandic bank Kaupthing.
Kaupthing Edge currently offers 2 alternatives : an easy-access savings account and a fixed-term deposit account. Both are managed over the Internet.
Kaupthing (the bank) does offer other types of accounts, but not under the name Kaupthing Edge.
(Think of Kaupthing Edge & Kaupthing (or KS&F) as First Direct & HSBC, or Smile & the Co-operative Bank, or Cahoot and Abbey - some companies prefer to brand their online products separately.)
The link below summarises things :
http://www.kaupthingedge.co.uk/About/KaupthingEdge.aspxImprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
(Ludwig von Mises)0 -
Thank you all very much for taking the time to reply, the information is really helpful and much appreciatedThanks for the advice Martin! :money:Member no. 920 - Proud to be dealing with our debts0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards