How to invest money?

PiKe · 27 Sep 2011 at 15:30

I had a savings account which was 2 years fixed at 4.6%, now that it's reached maturity I'm looking for somewhere else to put it. Usually I'd just look on MSE website and choose one based on Martin's findings, but all the deals are just crap. Unless I want to lock it away for 5 years, I can't get the same rate I got 2 years ago.

Any suggestions?

daz · 27 Sep 2011 at 15:34

Buy low, sell high etc.

Participant · 27 Sep 2011 at 16:58

Do you have a mortgage? How much are we talking?

If not just save it at the best rate you can get, the advantage to saving money isn't just interest, you eventually have a lump sum for a deposit on a house / car / whatever.

Mercenary Keyboard Warrior · 27 Sep 2011 at 18:35

Used ISA allowance?

2.8% in an ISA is equivalent to 3.5% for a 20% tax payer or 4.67% for a 40%'er

pingwing · 27 Sep 2011 at 18:38

All on red

[TW]Fox · 27 Sep 2011 at 18:39

This is GD.

LULZ BUY TEH GOLDZ?!!!!

Tefal · 27 Sep 2011 at 18:44

pingwing said:
All on red

whatever you do don't listen to this Muppet :rolleyes:

All on black :cool:

teaboy5 · 27 Sep 2011 at 18:51

Are you not the same person who was telling us you had 46k saved away but earn less than 20k a year?

How about taking the money and buying a house which you said you can't afford to do.

Fuzz · 27 Sep 2011 at 18:52

teaboy5 said:
Are you not the same person who was telling us you had 46k saved away but earn less than 20k a year?

How about taking the money and buying a house which you said you can't afford to do.

If that is the case then yea, buy a cheap house and rent it out.

SuperBOB · 27 Sep 2011 at 18:53

Save the economy and spend it

CharlieAlbert · 27 Sep 2011 at 19:06

Natwest/RBS are 3.7% for two years

or 3.25% under 25k .... :S didnt see that bit