£5600 to invest somewhere
Discussion
I have £5600 to 'put somewhere'.
I could stick it in nationwide isa @ 2% so £112 interest and no tax.
Or i could put it in santander 123 @ 3% so £127 but taxable at lower rate, but get money back for direct debits.
Or i could get £160 if i put in a halifax current account £100 reward for joining and £5 month obviously would then move it again in a years time.
Have i over looked anything?
I haven't filled up my isa allowance but is it really worth it with such a low interest rate?
I could stick it in nationwide isa @ 2% so £112 interest and no tax.
Or i could put it in santander 123 @ 3% so £127 but taxable at lower rate, but get money back for direct debits.
Or i could get £160 if i put in a halifax current account £100 reward for joining and £5 month obviously would then move it again in a years time.
Have i over looked anything?
I haven't filled up my isa allowance but is it really worth it with such a low interest rate?
3k Royal Mail shares, if they lose value the free shares we are getting will bridge the deficit as long as you are not relying on the free shares to be worth much more than £1k in 3 years time.
Basically if worst came to worst I reckon you would break even, that's how I am playing it, using the free shares as my fall back.
Basically if worst came to worst I reckon you would break even, that's how I am playing it, using the free shares as my fall back.
eldar said:
Depends on how you feel about losing some capital and low long you invest for. Is it money you can afford to lose? How long can you invest it? Will you need it at short notice?
Will not need it at short notice, and I'd be looking at around 12-18 months. I was considering just popping the majority into premium bonds but I'm unsure now. Got to be something better than the 0.5% its accumulating at the moment. Wouldn't be the end of the world if I lost some of it, but ideally as low risk as possible.Jimmy No Hands said:
Will not need it at short notice, and I'd be looking at around 12-18 months. I was considering just popping the majority into premium bonds but I'm unsure now. Got to be something better than the 0.5% its accumulating at the moment. Wouldn't be the end of the world if I lost some of it, but ideally as low risk as possible.
Put it in an index tracker ISA with low fees. Though 12 months is a little short for medium risk. Depends how quickly you would need to turn the ISA into cash - might be during a low point. Depends on how you feel the economy is doing... No risk, no reward!Gassing Station | Finance | Top of Page | What's New | My Stuff