Money Help

[TINY]

I’ve got about £30,000 in my savings account but I get a measly rate, so I want to move it to a higher interest, or invest. Any suggestions folks?

 

[Big Joe Corrigan]

If you send me your bank details I’ll be able to help.

 

[madloaf]

Black. No wait, red. No, black, definitely.

 

[MellowJoe]

I've got £200,000 stashed away, I keep it safe, under neath the community chest cards

 

[N1985]

Kilo of coke. Job done

 

[Tuearts right boot]

Do you have a mortgage, if so reduce that with it.


Do not take what I say as gospel as I'm an idiot...do consult a FA.

 

[denislawsbackheel]

Don’t forget unless you put it in a tax free wrapper you’ll pay tax on an interest over £1000 if you are a basic rate tax payer, £500 if higher rate. £30K will earn well over £1000 at 4%+.

 

[blue44]

I’ve got about £30,000 in my savings account but I get a measly rate, so I want to move it to a higher interest, or invest. Any suggestions folks?

put up to £20000 in a fixed isa , 1 or 2 or3 years with virgin money curently at 5.05% , 5.15% and 5.2% for the 3 year fixed

 

[Summerbuzz]

Variable vs Fixed-Rate ISA 2023 - Which One is Best For Me?

If you're unsure whether to go for a Variable-Rate or Fixed-Rate ISA, allow me help. In this blog post I explore the various pros and cons of each.

investingreviews.co.uk

Markets predict 6% UK interest rate by end of year

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

www.theguardian.com

 

[MCFC Wirral]

I’ve got about £30,000 in my savings account but I get a measly rate, so I want to move it to a higher interest, or invest. Any suggestions folks?

Please don’t take this as gospel but property is a reasonably safe investment.

I own two flats at 43 - renting one and living in one. When I upgrade to a house then I’m renting both out forever. This income should help me retire early.

I could make more doing other things but I hate risk and stress. I lead a very simple life in many ways.