[johnny70]

Hi

I have a small amount of cash (£2500/£3000) that i want to put away for a few years, whats the best option to get the best % back, looked at ISA, Equity Bonds, anything else I should consider. Any help would be great.

Thanks

JOHNNY

[lord-dudester]

i'd go isa or premium bonds if you want access to it, if you can handle the restrictions then maybe a fixed term investment vehicle would give better returns

there are a few IFA's among our members here, hopefully they could point you in a better direction....?

(for a fee of course! haha!)

[Steven]

Contact woodywizz. Believe he's a bank manager. And a Utd fan... Boo! Seriously he's a nice guy and gives free advice... so hopefully he doesn't change that now lol

[Miyazaki]

Look at the money saving expert website

[booyaka]

Originally Posted by johnny70

Hi

I have a small amount of cash (£2500/£3000) that i want to put away for a few years, whats the best option to get the best % back, looked at ISA, Equity Bonds, anything else I should consider. Any help would be great.

Thanks

JOHNNY

under 5 years and want accessability - use your cash ISA allowance. Have a look around for the best rate in the high street or online. should get about 5.5%/6% or there abouts.

www.moneysupermarket.com

5 years plus consider a equity (stocks and Shares ISA) potential over the longer term to well out perform the cash ISA, however there is no fixed rates in a stocks and shares ISA, it's dependant on the performance of the funds/fund that you invest into.

as with most things - the more risk you take the potentially better returns you can get, however with that go the larger downsides and risks attached to your capital.

try having a look at

www.fool.co.uk
www.fidelity.co.uk

as a couple of places to consider if thinking of Stocks and Shares ISA

Anything else, give us a shout - i am an IFA for my sins!

[Philly112]

Of course you could always put it into your pension....!
Depends on how quickly you need the cash.


Phil

[johnny70]

Cheers for the replies, gives me a bit more of info that i needed

Regards

JOHNNY

[Woodywizz]

Originally Posted by LFC_SL

Contact woodywizz. Believe he's a bank manager. And a Utd fan... Boo! Seriously he's a nice guy and gives free advice... so hopefully he doesn't change that now lol

I have tears welling up

As for the op's question - I mirror exactly what Booyaka has said - use the ISA allowance...




















That will be £28.72 thankyou - please Paypal me to freeadvicemyarse@hotmail.com

[la gran siete]

Originally Posted by johnny70

Hi

I have a small amount of cash (£2500/£3000) that i want to put away for a few years, whats the best option to get the best % back, looked at ISA, Equity Bonds, anything else I should consider. Any help would be great.

Thanks

JOHNNY

Pm Booyaka he'll give you some good tips re share ISAs I took out one of his suggestions and its are lookin good already.
I understand Premium bonds are only good if you invest near the limit in which case you are more likely to get regular payouts