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£17K to invest, need monthly income

bowf · 2005-09-21 14:50:57

We currently have £24K invested in an A+L account,but the interest is calculated annually. We'd rather invest in an account with monthly interest. We don't want to 'trickle feed' the new account though. We'd rather just invest the full £24K in a lump sum and be done with it. Any pointers to the best option ???

Comments

dunstonh Posts: 120,422 Forumite

26 September 2005 at 8:36AM

My Mum needs to put the money somewhere where the capital sum is not at risk (the £17k) and where she can receive a monthly income from the sum.

There are some investment products that can do that as well. just to complicate the issue

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.

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