We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Real newbie with 4k to put away for 5-6months. What should I do with it?
Franck
Posts: 8 Forumite
Apology proffered up front if I'm in the wrong place or this questiuon is a common one but I have recently found the site and I'm just really swamped with ALL the info available.
My question is: I have £4k available for 5 -6 months and need suggestions on whats considered best to do with it. All polite and physically possible suggestions would be appreciated.
My question is: I have £4k available for 5 -6 months and need suggestions on whats considered best to do with it. All polite and physically possible suggestions would be appreciated.
0
Comments
-
Assuming you haven't used your 2005/06 ISA allowance yet, put £3000 in a First Direct mini cash e-ISA which pays 6.25% until 6th October 2005.
http://www.firstdirect.com/saveinvest/cash_isa.shtml
The simple option for the remaining £1000 would be to open an e-savings account at the same time with First Direct. This currently pays 5.20% and you'd have all your money in one place.
http://www.firstdirect.com/saveinvest/esavings.shtml
(There are other accounts out there paying slightly more but on £1000 over 5 or 6 months we're talking £5 at most - Up to you if it's worth the effort of 2 ID checks etc... If so go for Alliance & Leicester Online Saver for the £1000)
Or just buy £1000 of premium bonds for a few months - you could get lucky!
:j
---
Usual reminder that the above is just for discussion and may be an option for some people in some circumstances and does not constitute financial advice etc... :rolleyes:0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards