investing low five figure sum for approx one year

tummelv · 16 May 2015 at 13:08

How would you do it? The money could be tied up for the duration but would need to access it at the end of the term.

Appetite for risk is zero if that helps so don't want to put it in shares or anything.

Thanks!

bJN · 16 May 2015 at 13:10

Instant access ISA if you don't want risk.

D.P. · 16 May 2015 at 13:11

ISA and the rest in a savings account of your choosing.

Jokester · 16 May 2015 at 13:13

How low? Santander 123 account if you can meet the likes of the direct debit requirements and so on.

dowie · 16 May 2015 at 13:48

find the best interests rates on various savings/current accounts... doesn't have to be an ISA as a good rate + tax on the interest could easily be better

Santander 123 might be an option for 20K of it... find some other accounts for the rest

tummelv · 16 May 2015 at 17:53

My ISA is 1.5% I believe so a Santander 123 account does seem to be a better option even allowing for tax. The amount I'm talking about is under £20k.

Just unsure about the direct debit requirement with the Santander account. I really don't have many direct debits...

Buffman · 16 May 2015 at 17:56

gym, mobile phone, credit card, contents insurance?
all tend to be direct debits

arknor · 16 May 2015 at 18:10

water direct debit
phone/broadband direct debit
credit card direct debit (rinse your normal purchases on a cc)

not hard to get some direct debits set up you can do them online via most companies websites

|Ric| · 16 May 2015 at 18:11

If you set up a paypal account to fund from your Santander account it's an easy direct debit. You don't actually have to use it and can still have a direct debit with another account.

Tefal · 16 May 2015 at 18:13

remember next year the conservatives are bringing in a £500 tax free allowance on interest too.

i need to set up a 123 account.