Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
-
-
I've just worked out that if you put £3000 at the best rate (2.6%) you get £70 a year.
Is it really worth it?
-
ING is offering 3.1 % which isn't all that much either, there's probably better things you could do with your money if I think of one I'll let you know
-
But it's money for nothing Charlie. It's just sitting there earning interest, simple as that. I've been putting £25.00 a week away for years and it's amazing how quickly it grows.
-
Originally Posted by
Charlie Brown
I've just worked out that if you put £3000 at the best rate (2.6%) you get £70 a year.
Is it really worth it?
There are riskier investment options with a greater return, but that's veering towards gambling
-
Come on, enlighten me.
-
Visit a financial advisor. I did when looking at investments for my pension and got great advise. Mine is split between more risky and 'safe' investments. Been doing it for about 8 year and all looking quite good, considering interest rates at the moment.
-
-
First Direct have an 8% regular saver, so that's best for the regular savings.
The advantages of an ISA really show over several years when you use the allowance each year, but there's certainly nothing wrong with sticking £1000 in one.
Other options worth looking at are the National Savings Index Linked Certificates which I think are still available- this is linked to inflation +xx% (I think it's 05% plus inflation).
Riskier but with higher returns are Structured Products- google them to find out more (I use Moneyworld (a broker) to get the rebates) but make sure you know what you are going into.
In summary- an ISA is not a bad idea for the lump sum- then use FD for the regular deposits.
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules