filled up ISA, what to do with savings now?

Defcon5 · 5 Aug 2011 at 11:51

Rich1988 said:
I spend enough on myself as it is I have 2 cars, my own flat and spend too much on going out and booze

If you have managed to save over 5 grand in 5 months I dont think you are spending too much on booze!

When you say your own flat, do you mean its is mortgaged/rented/owned outright or what?

dannyjo22 · 5 Aug 2011 at 11:53

Sundance said:
Do you own a property?

If so, look into solar panels. You can get about 10% return on the current feed in tariff.

I'd rather pay for my electricity and not make my house look like ****.

Sunbed · 5 Aug 2011 at 12:10

dannyjo22 said:
I'd rather pay for my electricity and not make my house look like ****.

Yeh I often stare at the roof of my house and think "wow I'm so glad there aren't some temporary panels giving me money, at least now I can see the slates!"

:rolleyes:

[TW]Fox · 5 Aug 2011 at 12:27

Buy an NS&I Savings Certificate, guaranteed above inflation return.

Or like the rest of GD, pretend you are some sort of investment big shot and blow it all on a load of shares or some commodity, the market for which you don't fully understand.

mitch212k · 5 Aug 2011 at 12:40

Santander have an Instant Access account paying 3% which is open to all I believe. That's what I used having filled up my ISA.

[TW]Fox · 5 Aug 2011 at 12:43

mitch212k said:
Santander have an Instant Access account paying 3% which is open to all I believe. That's what I used having filled up my ISA.

This is the eSaver issue 3. It is closed to new customers.

The current eSaver is issue 4 and pays 2.7% IIRC.

This is where most of my non ISA savings sit, its not as good as buying an NS&I savings certificate or pretending you a l33t cr3w invest0r and 'buying silver' but its pretty convenient.

Rich1988 · 5 Aug 2011 at 12:44

Defcon5 said:
If you have managed to save over 5 grand in 5 months I dont think you are spending too much on booze!

When you say your own flat, do you mean its is mortgaged/rented/owned outright or what?

Rented, Ive managed to save that much because I was living with my parents up until last month

robin66 · 5 Aug 2011 at 12:47

Skyfall said:
Buy gold.

LOL, those were my thoughts exactly, before coming into this thread.

Virdi · 5 Aug 2011 at 12:47

High Interest Savings account - a very safe option!

Gackt · 5 Aug 2011 at 12:48

Worst "I have lots of money" thread ever.

Have you thought about those "experience" days, or going on holiday(s)? Put some into a normal savings account and use the rest to enrich your life beyond booze and work.

Craig1981 · 5 Aug 2011 at 12:58

Well, it's rather brutal here. Right now we are advising all our clients to put everything they've got into canned food and shotguns.

boxman2000 · 5 Aug 2011 at 13:52

Skyfall said:
Buy gold.

Should have bought back in March

Rich1988 · 5 Aug 2011 at 13:54

Gackt said:
Worst "I have lots of money" thread ever.

Have you thought about those "experience" days, or going on holiday(s)? Put some into a normal savings account and use the rest to enrich your life beyond booze and work.

I dont have lots of money

I earn 25k a year which is a lot lot less than large percentage on here