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Author Best Investment for £5000
Simon
Member

Registered: 24th Apr 03
Location: Oxfordshire
User status: Offline
12th Aug 09 at 12:42   View User's Profile U2U Member Reply With Quote

I know it's not loads but what's the best way to invest that much with needing access to it in 18months?

I've been into my bank who said the best thing I could do was a fixed rate bond which was at 2.75%. I have seen on net that a couple of places do ~3%. Is there any other options. I don't know too much about saving
MarkM
Member

Registered: 11th Apr 01
Location: Liverpool
User status: Offline
12th Aug 09 at 13:02   View User's Profile U2U Member Reply With Quote

Any outstanding debts?

If so pay them off as the interest saving will far outweigh the 3% you will get by putting it into a saving type account.
Simon
Member

Registered: 24th Apr 03
Location: Oxfordshire
User status: Offline
12th Aug 09 at 13:13   View User's Profile U2U Member Reply With Quote

No debts so far
richardworrall
Premium Member

Registered: 20th Sep 05
Location: Derby
User status: Offline
12th Aug 09 at 20:18   View Garage View User's Profile U2U Member Reply With Quote

Eggs rates are pretty good i think for savings accounts

 
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