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  • FIRST POST
    • millwalldan1981
    • By millwalldan1981 8th Aug 18, 1:08 PM
    • 1Posts
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    millwalldan1981
    best place for temporary savings
    • #1
    • 8th Aug 18, 1:08 PM
    best place for temporary savings 8th Aug 18 at 1:08 PM
    Hi,
    I am new to the forums so pelase go easy on me


    I have 9000.00 that is for my Wedding next April 2019 (so 8 months away). I am looking for the best place to save or invest (low risk) this money until I need it for the wedding. Can anyone point me in the right direction?
Page 1
    • mije1983
    • By mije1983 8th Aug 18, 1:18 PM
    • 3,555 Posts
    • 20,306 Thanks
    mije1983
    • #2
    • 8th Aug 18, 1:18 PM
    • #2
    • 8th Aug 18, 1:18 PM
    Probably just normal savings accounts are the best bet for you

    https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

    You could get slightly better interest if you want to jump through a few hoops every month with a current account though

    https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/


    I wouldn't even be considering investing for just 9 months. Especially if it's for a fixed date like your wedding. Too much risk.

    • twotonealex
    • By twotonealex 8th Aug 18, 5:35 PM
    • 69 Posts
    • 25 Thanks
    twotonealex
    • #3
    • 8th Aug 18, 5:35 PM
    • #3
    • 8th Aug 18, 5:35 PM
    As above, how would your other half feel if your best intentions to grow the pot of money, ended with a loss?

    You'd be smart to put it into a savings account as above, or play around with interest paying current accounts.
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