Ask a Question

I have £70,000 to deposit somewhere.i will need some of it within 6 months.where shall i put it ?

by knight42, 2 months ago•Open Question

Personal Finance•Money•Savings Accounts

report post•add thanks•add to watchlist

Answers (3)

Hi knight42, and welcome to the forum.

If you're going to need to make a partial withdrawal within 6 months, then an instant access account would probably be best. Some easy access accounts may also be suitable, but check out the terms and conditions of any easy access account first to make sure it suits your requirements. You can compare both of these types of accounts here...

http://www.money.co.uk/savings-accounts/instant-access-savings.htm

by fruitcake, 2 months ago

report post•add comment•1 thanks

You could stick it my bank account if you wish?

Failing that the nationwide and aa savings accounts give the best rates (if you can call 3% a great rate) - alternatively stick it into shares I recommend ARM technology and Tesco.

by Omendata, 2 months ago

report post•2 comments•1 thanks

Unfortunately Omen both Arm and Tesco are down today so not much of an investment for him!! :-(

by Bonz1957, 2 months ago

report post•add thanks

Yes but its future im looking at - check out microsofts new phone and tablet , apple new deal and the tablet replacement for samsung etc

Arm could be as big as Intel one day!!!

by Omendata, 2 months ago

report post•add thanks

lend it to a property investor and get a good return ,rob

by robw, 2 months ago

report post•add comment•add thanks

Posts within the money.co.uk community represent the views, experiences and opinions of members only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter

Join over 480,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...