- Short term cash investment ISA?
ISA is a good option if its below the figures quoted above. You won’t make much in interest but it is safe and puts it out of the way so you can’t easily dip into it. Anything higher return is likely to have risk attached.
Edit. Just to add, make sure interest isn’t paid annually.Posted 3 years agonotmyrealnameSubscriber
ISA’s are ok but they only seem to offer about 1% or less interest.Posted 3 years ago
I was in a similar position and opened a Santander 123 account and used it like a savings account. They pay 3% on balances up to £20k. You can open two of these accounts per household which might be more beneficial.King-ocelotMember
Hello, first world problem.Posted 3 years ago
I’m going to be sitting on a pile of money till around September when it will go on an extension for my house. To remove the temptation of spending some and for it to be earning the best rate of interest we’re is best to put it in the short term? We both currently don’t have ISA’s would it be best to start two and then ‘cash out’ when we need the money? The remainder would sit in our joint account.
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