Money to invest

avi_3

Hi - I have £ 9000 in my current account which i want to invest somewhere for 5 months. Any suggestions please?

cloud_dog

avi wrote:

Hi - I have £ 9000 in my current account which i want to invest somewhere for 5 months. Any suggestions please?

You shouldn't 'invest' for only five months, you just need to find a savings account paying a decent interest rate, i.e. 5% or above. I think Sainsburys Bank is still paying 5%.

monkeydust_2

how much risk are you willing to take? i.e. bank or invest in an asset?

dunstonh

investing for 5 months is extreme high risk. You shouldnt do it unless you are of extreme high risk nature.

FaTB

Try looking at internet accounts such as First direct e-saver, they generally pay a bit more interest than a High St. account.

Its low risk and instant access.