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Author Best place to put £30k for 4 months?
Colin
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Registered: 4th Apr 02
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19th Jul 09 at 13:42   View User's Profile U2U Member Reply With Quote
Best short term return? Im not interested in hearing stick it on the horses, lottery or premium bonds thanks.

Bank account with a decent short term rate
James
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19th Jul 09 at 14:06   View User's Profile U2U Member Reply With Quote
Open an account with an investment bank if you're prepared for a bit of risk.



[Edited on 19-07-2009 by James]
James
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19th Jul 09 at 14:12   View User's Profile U2U Member Reply With Quote
Actually, that's probably not great for 4 months. You would have to pay an account opening fee, an account closing fee, and any transaction fees.
Colin
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19th Jul 09 at 14:30   View User's Profile U2U Member Reply With Quote
cant take any risk as its for a house deposit. I just want a decent rate for a few months as my bank account gives like 0.1% interest
James
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19th Jul 09 at 15:19   View User's Profile U2U Member Reply With Quote
I think you will struggle TBH.

Any account with a decent rate will either be an ISA with a £3600 annual limit or some crappy regular saver account with a £250 monthly limit.
James
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19th Jul 09 at 15:23   View User's Profile U2U Member Reply With Quote
Best I could find is 3%

http://www.ingdirect.co.uk/savings/variable_rate/default.asp
James
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19th Jul 09 at 15:24   View User's Profile U2U Member Reply With Quote
3.3%

http://www.coventrybuildingsociety.co.uk/savings/postal.aspx
James
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19th Jul 09 at 15:29   View User's Profile U2U Member Reply With Quote
P.s. They are the best I could find that pay interest monthly.
John
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19th Jul 09 at 15:43   View User's Profile U2U Member Reply With Quote
http://www.moneysavingexpert.co.uk
a_j_mair
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20th Jul 09 at 11:39   View User's Profile U2U Member Reply With Quote
give it to me il look after it for you
Brett
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20th Jul 09 at 13:59   View Garage View User's Profile U2U Member Reply With Quote
Premium bonds? Could turn it into a million, you never know.
James
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20th Jul 09 at 14:01   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by loafofbrett
Premium bonds? Could turn it into a million, you never know.


Yeh but for 4 months, chances are you'll up with a big fat zero.

Especially considering they effectively track the interest rate which is rubbish at the moment.
Cosmo
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20th Jul 09 at 14:01   View User's Profile U2U Member Reply With Quote
20,000 Euromillion tickets - could turn into multiple millions, you never know.
Brett
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20th Jul 09 at 14:25   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
20,000 Euromillion tickets - could turn into multiple millions, you never know.

If you got your £1.50 back for each one that failed to present a return then yes it'd be a similar idea. Currently it's just a sarcy comment.
Dan
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21st Jul 09 at 11:18   View Garage View User's Profile U2U Member Reply With Quote
If im right with interest calculations, which im probably not, i make it around 75 a month at 3%

Id rather bung it in premium bonds and risk 75 for a bigger win, but then i am a gambling man

Adult GiftsClick here to vist us
Cosmo
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21st Jul 09 at 11:23   View User's Profile U2U Member Reply With Quote
Would be roughly £300 over 120 days so you're more or less right.
Colin
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21st Jul 09 at 11:58   View User's Profile U2U Member Reply With Quote
Is there not like £40 Billion invested all with even chances of a pay out?

Theres probably a very high chance i'll get feck all in the 4 months & a very very slim 1 in 10's of thousands chance of winning anything over a grand

At least the 3% interest £300 or whatever is guaranteed!?
James
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21st Jul 09 at 12:00   View User's Profile U2U Member Reply With Quote
Am I being stupid here...........isn't 3% of £30,000 = £900?
Brett
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21st Jul 09 at 12:07   View Garage View User's Profile U2U Member Reply With Quote
I thought that too James.
Cosmo
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21st Jul 09 at 12:09   View User's Profile U2U Member Reply With Quote
over 4 months....
Cosmo
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21st Jul 09 at 12:09   View User's Profile U2U Member Reply With Quote
Or failing that, if you've found somewhere that gives 3% a day, week, or month then please let me know.
Cosmo
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21st Jul 09 at 12:10   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by James
Am I being stupid here...........isn't 3% of £30,000 = £900?


quote:
Originally posted by loafofbrett
I thought that too James.


oh, and quoted so you cant delete your stupidity.
James
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21st Jul 09 at 12:18   View User's Profile U2U Member Reply With Quote
Forgot the investment was only for 4 months.

I used the same website that I used for my savings and I did all my calculations for the whole year
Brett
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21st Jul 09 at 12:23   View Garage View User's Profile U2U Member Reply With Quote
Wow, we forgot it was for 4 months Thank god for the resident smart ass.
James
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21st Jul 09 at 12:28   View User's Profile U2U Member Reply With Quote
Yes, and he quoted us too.

I don't know how I could live with myself if the users of a Corsa forum questioned my intelligence

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