Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 1
    • lisyloo
    • By lisyloo 3rd Aug 04, 1:09 PM
    • 25,441 Posts
    • 13,643 Thanks
    lisyloo
    • #2
    • 3rd Aug 04, 1:09 PM
    Re: Less than 12 months
    • #2
    • 3rd Aug 04, 1:09 PM
    1) Put it in a cahoot account at 5.5%. Unfortunately you will have to pay tax. You could also use your cash ISA allowances but this will be 6K max if you have a spouse.

    2) Put it in premium bonds. There is NO risk to your capital.
    There is a risk that you might not win much, there is a chance you might get more and a small chance you'll get a lot more. This is a fairly safe "flutter" with no risk to your capital.
    • lisyloo
    • By lisyloo 3rd Aug 04, 1:11 PM
    • 25,441 Posts
    • 13,643 Thanks
    lisyloo
    • #3
    • 3rd Aug 04, 1:11 PM
    Re: Less than 12 months
    • #3
    • 3rd Aug 04, 1:11 PM
    BTW - I think the prize fund return is something like 2.4% which is less than Cahoot. So if you have "average" luck then you will be worse off.
    However there is of course an upside, i.e. a chance you might do better.

    Depends on whether you want to take a risk with your return i.e. possibly get 0 rather than 5.5%.
    There is still no risk to your original capital.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,158Posts Today

5,825Users online

Martin's Twitter