Best place for £50k

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Hi folks

I currently have £50k sitting in a savings account paying next to nothing in interest. The money is intended as a deposit for my daughter's house so I need to be able to access it at short notice (about 1 month).

Any suggestions as to the best place to invest?

[CaptainSensib1e]

If you need it at short notice you should leave it on deposit. Investing is for those with a 5 year+ time horizon. Just get the best rate of interest you can in the meantime and don't forget ot use your Cash ISA allowance to save some tax on the interest.

[cerberaperv]

We could use it for a min of 3mths to max of 6mths @ 1% per mth secured too. PM for details.

[spikeyhead]

cerberaperv said:

We could use it for a min of 3mths to max of 6mths @ 1% per mth secured too. PM for details.

YHM

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cerberaperv said:

We could use it for a min of 3mths to max of 6mths @ 1% per mth secured too. PM for details.

Sorry for the late reply.

Thanks very much for the offer. Unfortunately I've lent it to a family friend for 3 months @0% pcm

Out of interest that's a stonking Rate you're offering. May I ask how "secured" it is? I'm guessing it's not covered by the FSCS

[cerberaperv]

You have a first charge on a property we buy. For added security we only purchase properties with at least 30% discount from today`s value.
We buy, improve then sell on.

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Cheers

Interestingly the person Ive lent it to does soemthing similar (except he rents out after improvement).

[db10]

cerberaperv said:

You have a first charge on a property we buy. For added security we only purchase properties with at least 30% discount from today`s value.
We buy, improve then sell on.

i might be interested in this

[cerberaperv]

db10 said:

cerberaperv said:

You have a first charge on a property we buy. For added security we only purchase properties with at least 30% discount from today`s value.
We buy, improve then sell on.

i might be interested in this

I`ll PM you.