Best way to invest 6K?

William Hill, Greyhound racing, pick a 6-1 dog and have the most exciting 30 seconds of your life.
 
But a cash ISA is only good for £3k and offers limited protection from inflation. Look at NS&I's RPI index linked tax free savings certificates.
 
Any reccomendations on which banks? Egg do a 6.05% online ISA, so I could transfer 3k from my account now, and another 3k in april?
 
Remember that the end of March is also the end of the financial year, so you can put 3K in an ISA as this year's allowance now, and next year's at the start of April. I personally have both an ISA and some premium bonds, the latter of which is proving to be fairly non-lucrative, but is risk free.
 
Just a quick question, can you have an ISA with one bank and another ISA with another bank?. Or can you only have 1 ISA?.

EDIT:
As long as you:
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This always worries me but what is there you can do about it?. Isn't inflation 3% a year?, so with a 5% ISA like i have I'm only really making 2% interest.
 
If you want risk free then imo you aren't really investing.
You can put ~3k into a cash ISA and then in April put another 3k in a cash isa. Check out moneysavingexpert.com for the best rates at the time
 
Energize said:
What are these "savings certificates"?
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Index-linked Savings Certificates
Inflation-beating savings with tax-free returns

With our inflation-beating savings, the value of your investment increases in line with inflation as measured by the Retail Prices Index (RPI) and earns guaranteed interest rates on top - with all your returns tax-free (which means that all returns are free of UK Income Tax and Capital Gains Tax). So you can be sure to keep ahead of rising prices.

Because inflation fluctuates, you won’t know exactly how much you are going to receive until your Certificates mature. But you can be sure that your money will have more spending power.
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The certificates don't seem too appealing. The interest is lower than ISA's and if interest/inflation rates change for the worse I can just take all my money out of the ISA and put it elsewhere anyway.
 
Give it me, I promise a return of 6000pence in a few hundred years time.

On a serious note, depends what risk you think is acceptable?
 
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