What to do £20,000
rjtyrell
Posts: 116 Forumite
Hi all,
I have inherited £20,000 and am wondering what I should it with it.
Over the years I have had the Nationwide Flex 5% so cannot get this again.
I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.
Or another option is pay a lump of my mortgage.
All advise welcome.
Thanks,
I have inherited £20,000 and am wondering what I should it with it.
Over the years I have had the Nationwide Flex 5% so cannot get this again.
I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.
Or another option is pay a lump of my mortgage.
All advise welcome.
Thanks,
Student Loan - £2200, Cleared June 2008
Now saving for my future!!
Now saving for my future!!
0
Comments
-
Hi all,
I have inherited £20,000 and am wondering what I should it with it.
Over the years I have had the Nationwide Flex 5% so cannot get this again.
I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.
Or another option is pay a lump of my mortgage.
All advise welcome.
Thanks,
Have a look at the dozens of threads giving information.
Personally,I would pay a larger amount towards the mortgage,as it reduces future debt.0 -
Do you have a pension?0
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Yes have a work pension and also a small private one.Student Loan - £2200, Cleared June 2008
Now saving for my future!!0 -
Hi all,
I have inherited £20,000 and am wondering what I should it with it.
Over the years I have had the Nationwide Flex 5% so cannot get this again.
I see the Government Bond is 2.2% up to 3k, and Nationwide do 2% unlimited.
Or another option is pay a lump of my mortgage.
All advise welcome.
Thanks,
There is also the nationawide 5% regular saver..0 -
example of government bond?Another night of thankfulness.0
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This one specifically
https://www.nsandi.com/investment-guaranteed-growth-bonds0 -
If you don't need the money in the next 5 years or so and already have sufficient emergency funds then you could look at S&S ISA options.Remember the saying: if it looks too good to be true it almost certainly is.0
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