Donate SIGN UP

investment interest

Avatar Image
xanti | 10:04 Thu 12th May 2005 | Business & Finance
4 Answers

what is the best way to get interest with 200 thousand pounds cash with no risk on a monthly basis.

Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by xanti. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
ISA.  Or buy maximum ERNIEs and hope one of your bonds comes up each month.  It's not guaranteed, but my Grandad has max holding and wins �50-100 every couple of months.  That might take care of some of it. 
Try your bank with a Monthly Fixed Deposit Acount, mind you they may give a funny look if you walk in with 200T and ask questions.
-- answer removed --
I would imagine xanti has made his 200 thousand from STR and therefore realises investing in property at the top of the cycle is crazy.

If you have actually watched the million pound property experiment they didn't make �1,000,000 they made about �200,000 and that was over the course of a year by 2 highly experienced property developers with plenty of free stuff stuck in because it was on TV.

One word of warning with banks is that if the bank goes bust only your first �30,000 is secured. It's a good idea to spread it around a bit. The likelyhood of Braclays going pop are slim but you never know.

Definatly a case of using you full tax free allowance in the form of isa's.

1 to 4 of 4rss feed

Do you know the answer?

investment interest

Answer Question >>