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Help & Advice on a £40K investment ?

Hello,
I'm looking for any help or advice on what to invest £40,000 in ?

which banks have a good rate of interest at the moment ?

Any advice or information would be much appreciated!!

regards.

Comments

  • dunstonh
    dunstonh Posts: 121,984
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    Do you want to invest or save? You say invest but then mention interest rates which suggests you dont want to invest but save instead.
    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.
  • wjam
    wjam Posts: 58
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    I'd be grateful to know what the best options are either way.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541
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    wjam wrote:
    I'd be grateful to know what the best options are either way.
    I suspect your request may be a little "too" general.

    If it's ordinary savings accounts with banks/building societies etc, then check out the comparison websites such as https://www.moneyfacts.co.uk and https://www.moneysupermarket.co.uk

    There is a wealth of material in Martin's savings articles which can be accessed through the yellow "savings" box to the left of this screen. Look for something called the "savings fountain" where it talks about priorities, ie cash ISA first, then regular savings drip-feed, and finally, high interest instant access accounts (usually internet based).

    If it's "investment" advice you need, you won't get it on here. It's a specialist area involving thorough identification of your needs and attitude to risk.

    I know I'm not really answering your question but hopefully I've given you something to read up on.
  • DocProc
    DocProc Posts: 855
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    That is actually an excellent answer.
This discussion has been closed.
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