billytheghillie Posted March 25, 2017 Report Share Posted March 25, 2017 where is the best place to put 10k, bank or building society? and which one. Quote Link to comment Share on other sites More sharing options...
BrowningB525 Posted March 25, 2017 Report Share Posted March 25, 2017 http://www.moneysavingexpert.com/savings/savings-accounts-best-interest It's all in here. Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted March 25, 2017 Report Share Posted March 25, 2017 There are a few high street bank accounts paying upto 5% on £2500 and £5000 if you pay in at least £1000 approx a month. You can set up a DD and bounce say £1500 around them all to cover the pay in and it's easily accessible as opposed to saving accounts etc. Quote Link to comment Share on other sites More sharing options...
billytheghillie Posted March 25, 2017 Author Report Share Posted March 25, 2017 will not be paying in any more money, just stashing the 10k Quote Link to comment Share on other sites More sharing options...
bostonmick Posted March 25, 2017 Report Share Posted March 25, 2017 i have lost count of the number of times i have been asked by my banks if i would like to review my savings accounts,i have done several times,and to be honest it really was not worth the fuel and car park cost to go in for it,bank or building society you are not going to make any great shakes,a saving account that is linked to the stock market can pay a little more but then you can also lose money,it really seems that the banks do not want our money as they get all the cheap money they can use from the government via our taxes Quote Link to comment Share on other sites More sharing options...
Archie-fox Posted March 25, 2017 Report Share Posted March 25, 2017 Premium bonds.. Me and the mrs just did that amount each.. Quote Link to comment Share on other sites More sharing options...
rovercoupe Posted March 25, 2017 Report Share Posted March 25, 2017 Read about bail ins then go buy a nice side by side and shoot it and enjoy it then sell in for a profit when you need the money back. Quote Link to comment Share on other sites More sharing options...
AVB Posted March 25, 2017 Report Share Posted March 25, 2017 Premium bonds.. Me and the mrs just did that amount each.. +1 Quote Link to comment Share on other sites More sharing options...
The Heron Posted March 25, 2017 Report Share Posted March 25, 2017 In the gun cabinet. Quote Link to comment Share on other sites More sharing options...
billytheghillie Posted March 25, 2017 Author Report Share Posted March 25, 2017 premium bonds looks good, as its my partners fathers money, just want to hold on to it for him. Quote Link to comment Share on other sites More sharing options...
davewh100 Posted March 25, 2017 Report Share Posted March 25, 2017 hope it's not in cash if so not the bank Quote Link to comment Share on other sites More sharing options...
billytheghillie Posted March 25, 2017 Author Report Share Posted March 25, 2017 hope it's not in cash if so not the bank it will be getting transferred to our bank account (bank of Scotland) then hopefully elsewhere. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted March 25, 2017 Report Share Posted March 25, 2017 hello, a friend of mine put his money in bonds through his bank, money was placed in 10 gilt edged companies he makes about 6% Quote Link to comment Share on other sites More sharing options...
AVB Posted March 25, 2017 Report Share Posted March 25, 2017 hello, a friend of mine put his money in bonds through his bank, money was placed in 10 gilt edged companies he makes about 6% Sorry no grade A bonds are yielding 6% at the moment. Although rising UK gilts are 2.5% and US treasury 3.5%. Bond yields are likely to rise a bit as the global sell of of bonds continues. Remember that bond yields rise and bond prices fall. Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted March 26, 2017 Report Share Posted March 26, 2017 Sorry no grade A bonds are yielding 6% at the moment. Although rising UK gilts are 2.5% and US treasury 3.5%. Bond yields are likely to rise a bit as the global sell of of bonds continues. Remember that bond yields rise and bond prices fall. Do you know much about this type of thing? I know someone with a private bank and they get 10% return, but have to invest a substantial ammount. Someone else reckons it's not possible! Quote Link to comment Share on other sites More sharing options...
SPAS 15 Posted March 26, 2017 Report Share Posted March 26, 2017 Definitely Premium Bonds. Quote Link to comment Share on other sites More sharing options...
Rupert Posted March 26, 2017 Report Share Posted March 26, 2017 An isa, at least the growth is tax free. Quote Link to comment Share on other sites More sharing options...
krugerandsmith Posted March 26, 2017 Report Share Posted March 26, 2017 An isa, at least the growth is tax free. What little there is ...... Simple mathematics .... No interest = No interest. Quote Link to comment Share on other sites More sharing options...
Old Boggy Posted March 26, 2017 Report Share Posted March 26, 2017 An isa, at least the growth is tax free. Cash ISAs are no longer the best tax efficient means that they appear. They only pay about up to 2% if you're lucky. The new Personal Savings Allowance brought in last year allowed 20% tax payers to earn £1000 interest tax free. You need a good return or a large investment to earn that. I would agree that premium bonds return a better rate although there's obviously no certainty, but I and everyone that I know who have them have not been disappointed with the return on investment. Just my own observation and findings as I'm certainly no expert. OB Quote Link to comment Share on other sites More sharing options...
Konnie Posted March 26, 2017 Report Share Posted March 26, 2017 There are a few high street bank accounts paying upto 5% on £2500 and £5000 if you pay in at least £1000 approx a month. You can set up a DD and bounce say £1500 around them all to cover the pay in and it's easily accessible as opposed to saving accounts etc. This will give best interest without tying it up, Quote Link to comment Share on other sites More sharing options...
big bad lindz Posted March 26, 2017 Report Share Posted March 26, 2017 (edited) I have a friend who has a contact who is married to the manager in the bank of west africa and I know they are looking for investors If you email me your contact and your bank account details I will get it sorted for you !!!! (LOL) I think most of it has been covered already. It may depend if you want quick access to it at some time in the future or if you intend to leave it. I am currently looking at something similar with regard to taking my pension pot next year and looking at my options. It can be a bit of a mine field Edited March 26, 2017 by big bad lindz Quote Link to comment Share on other sites More sharing options...
AVB Posted March 26, 2017 Report Share Posted March 26, 2017 Do you know much about this type of thing? I know someone with a private bank and they get 10% return, but have to invest a substantial ammount. Someone else reckons it's not possible! I do know a bit about it. It is definatly possibly to get 10-12% return (my portfolio has returned 12% growth over last 12 months) but that is capital growth across a diverse portfolio. Bonds yields (the interest paid by the bond issuer) are not 6% at the moment. Have not been for a long while. Basically if you want any return above what you would get from bank account interest then you are going to have to take an element of investment risk. Quote Link to comment Share on other sites More sharing options...
wandringstar Posted March 26, 2017 Report Share Posted March 26, 2017 buy half a dozen silver pigeons brand new and don't touch them for 5 years. Quote Link to comment Share on other sites More sharing options...
NorfolkAYA Posted March 26, 2017 Report Share Posted March 26, 2017 Classic car Quote Link to comment Share on other sites More sharing options...
BrowningB525 Posted March 26, 2017 Report Share Posted March 26, 2017 buy half a dozen silver pigeons brand new and don't touch them for 5 years. I doubt they'd appreciate. Quote Link to comment Share on other sites More sharing options...
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