Investments

[extern76]

 Where can I put �3000 for 1yr. ?

[Oneeyedvic]

Your best bet is a cash ISA if you want safety.

 

Go to www.moneyfacts.co.uk for the current best deals. You will be exempt from paying tax on the interest.

 

If you want a higher return, the risks are obvioulsy higher. You may want to try premium bonds, but there are no guarantees of a win there - but you will keep the �3000. The average return (if memory serves me correctly) is around 3.8% so not brilliant.

 

Or if you really want, I can take care of it for you ;-)

[JSB]

Suggest either ING or Alliance and Leicester both of whom have high interest accounts which you can open on-line so very easy to use.

Links are:

https://secure.ingdirect.co.uk/INGDirect.html?command=displayCreateNewClientDetails1

and

https://www.mybank.alliance-leicester.co.uk/

[WoWo]

One thing that Oneeyedvic forgot to mention that an ISA is tax exempt therefore even thought the interest rate is a little lower than other accounts in real terms you will gain more.

There is a �3000 limit in each financial year, but as this runs from April to April you can put in �3000 before this comming April then a further �3000 (or any amount up to that) after.


Ask any IFA and they will always mention an ISA first.

[Scarlett]

You can put in my bank account. I will guard it well.

[simms]

Put it as a downpayment on a conservatory which will add value to your home and don't entrust it to a volatile stock market - I assume you are asking advice as this is a significant amount of money to you which you want to grow not shrink.