Where is best to invest 10k

[MangoPete]

I have be given 10k from my parent's will for my sons, where is the best place to invest it over the next couple of years?
Thanks

[Ethel]

More info please. Are your sons over 16?

Do you want to take a gamble? Or would you prefer a guaranteed return?

Do you need instant access or are you prepared to lock it away?

[MangoPete]

Hi Thanks Ethel,
I want a guaranteed return, the last 8 yrs with my account with Fidelity wealth builder had done badly. I would have been beter in a building society.

Prepared to keep it a year or two.
Is halifax kids saver at 12% best?

[Ethel]

That is exactly the account I was going to suggest.

You'd be hard put to find a higher 'safe' return.

:)

[MangoPete]

thanks
P)

[gavino]

Look in national papers they publish interest rates for accounts best % rates. Shop around and get a good deal, afterall banks, building societies want your custom. There are some good on-line rates to through internet banking.
Some financial advisors are good too, they will recommend accounts and not charge you, but get commission from the banks. or go into branches and ask them what account have you got, and compare them to each other and play them off each other.
Take advantage of your tax free savings first. Look at the long term, e.g. tracker funds. Look at shares too, in a good company, worth a look.

[dzug]

If your parents didn't specify how it should be invested, then the Trustee Investments Act doesn't allow you to 'gamble' with the money, but require you to take 'appropriate' advice. For a relatively small sum asking here might be considered appropriate if you treat anything you are told with caution.

Do not keep it yourself (so sorry you can't use your own tax free concessions on it - but use theirs) - separate it from your own finances so that if things go pear-shaped for you it can't be grabbed to pay your debts.

Remember they can sue you for the money when they are 18 if you have mishandled it.....