What to do with 1k

Yeah I know I'm not going to get major returns on it but as tesco say "every little helps"

I'm only 22 and just out of uni so it's a large amount to me haha
 
If I went back to that age, I would invest it. I spent every penny back in those days and it was a silly idea, regular saving and putting away any extra is the sensible choice and you'll be glad you did in a few years time. It just depends how risk adverse you are.
 
Yeah definitely don't want to just waste it, probably open up a saver account :)

Just want to get on the property market ASAP. Renting at the moment and it just feels like such waste.
 
MickeyFinns said:
If it's just £1k set up a regular saver and schedule the payments so you put the minimum in for the last 9 months (usually £25 a month minimum) and the max for the first 3 (usually £300 a month max). You should end up getting close to 3.5% or so on the £1k as you've front loaded most of it for the full year of the regular saver.
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Woo! An extra £35 OP, you'll be rich.
 
Start your own mini-TV series ripping off the apprentice, where young enterprising talented individuals compete to win your investment and backing of £1,000.
 
It's not enough money for it to really matter where you 'invest' it. It's good that you intend to save it rather than just blowing it - so do that, but it doesn't really matter where you put it.
 
First Direct have a 6% savings account. Maxmimum of £300 put in each month though.

+ £125 if you switch your current account too.
 
If you absolutely must spend it then you're probably better off with 500 lottery tickets.

Otherwise just keep it. Or send some my way, both good options.
 
Steve2000 said:
If you absolutely must spend it then you're probably better off with 500 lottery tickets.

Otherwise just keep it. Or send some my way, both good options.
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Noo I don't want to spend it, I was wondering where the best place to put it would be i.e. ISA, savings accounts etc :)
 
WxM_IeuaN said:
Yeah I know I'm not going to get major returns on it but as tesco say "every little helps"

I'm only 22 and just out of uni so it's a large amount to me haha
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Good attitude to have. :) Put it in an account that you don't use or a fund and add to it from time to time, it'll add up in time. :)
 
MoDe said:
First Direct have a 6% savings account. Maxmimum of £300 put in each month though.

+ £125 if you switch your current account too.
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Just note, that's their Saver account, you need their 1st account as well.

Also:

Banking with first direct usually costs £10 a month, but you will not be charged this fee for the first six months from account opening, when you pay in at least £1,000 to your 1st Account each month, or maintain an average monthly 1st Account balance of £1,000, or you hold a selected first direct additional product. Take a look at our interest rates and charges for more details of other additional products.
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