Investing £20K

M0T · 9 Jul 2011 at 15:50

My girlfriend has recently come into some money that we want to use as a deposit on a house, however we still have 6 months on our current tenancy agreement.

What is the best way to invest this money over this period to get the most from it? Preferably minimal risk (so no putting it all on black).

Pighardia · 9 Jul 2011 at 15:56

All on black

ChrisD. · 9 Jul 2011 at 15:57

Just the highest interest rate account you can find really.

RomanNose · 9 Jul 2011 at 15:57

2 Million Cola Bottles.

UK-AL05 · 9 Jul 2011 at 16:00

This is useful for me, inflation is killing my wealth at the moment. Whats the highest rate savings account people have found?

GinG · 9 Jul 2011 at 16:06

Moses said:
All on red.

Or,

PREMIUM BONDS LOL FOR THE GAMBLE. IT'S SUPER FUN LOL. MAD FOR IT.

To be fair...for 6 months, for the sake of a small amount of interest Premium bonds would be where I would put my money for short term.....

Tummy · 9 Jul 2011 at 16:08

M0T said:
My girlfriend has recently come into some money that we want to use as a deposit on a house, however we still have 6 months on our current tenancy agreement.

What is the best way to invest this money over this period to get the most from it? Preferably minimal risk (so no putting it all on black).

Did you steal this from Kevin Webster? He's non too pleased.

Pho · 9 Jul 2011 at 16:13

UK-AL05 said:
This is useful for me, inflation is killing my wealth at the moment. Whats the highest rate savings account people have found?

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

Big list here.

DampCat · 9 Jul 2011 at 16:18

Go and see a financial advisor.

MikeWild74 · 9 Jul 2011 at 16:24

10,000 Euro millions lotto tickets

gonna be a big jackpot on tuesday.

Caseh · 9 Jul 2011 at 17:12

£20k worth of petrol.

Electronic Dave · 9 Jul 2011 at 18:07

A six month fixed rate bond (if you can find one) or just open a new high interest current account.

You can't really invest it - 6 months is too short a time...

Strife212 · 9 Jul 2011 at 18:12

6 months, dunno really.

alex_tank · 9 Jul 2011 at 18:26

DampCat said:
Go and see a financial advisor.

Dunks · 9 Jul 2011 at 18:33

For 6 months you're better just shoving it in a savings account, but make sure you wont need to lock your money in for a set amount of time over that.

Gackt · 9 Jul 2011 at 18:37

Seeing as you can withdraw premium bonds at any time, I don't see why they aren't an option. Yes, you're unlikely to win a load of money, but for the short period of time, it seems you might have a higher chance of making something back from it as opposed to a low-yield savings account, many of which will lock you in.

Simon · 9 Jul 2011 at 18:38

5k in a ISA and I'd personally invest the rest.

Pawnless Endgame · 9 Jul 2011 at 18:40

Wazzups with all of these "what shall I do with £20k / £30k" threads lately?

BringTheRain · 9 Jul 2011 at 18:44

Invest in my new business. After one month you will get at least 10k back. Can't guarantee the other months though