Brabus
Member
Registered: 25th Oct 07
User status: Offline
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I am a savings and investment advsior and to be honest the best bet is to stick your money into a Cash ISA and fix it up if companies are offeringt this, to get an even better interest rate, some fixed rate ISA's are offering 6.5% tax free.
Then do the same year on year if you can afford and the amount of interest you will get back will be reasonabe, the trouble with interest is that you have to have a lot of money that you dont need to get a lot back
Stocks and shares ISA's imo at this time are not worth it, 90% of the ones i deal with, usually over 5years return around 25-30% of the capital in interest which is less than 6% a year and there was a risk involved over them 5years whilst the Fixed rate is definate.
[Edited on 11-02-2008 by Brabus]
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