Where to park some money for perhaps a year

Where to park some money for perhaps a year

Author
Discussion

jmsgld

Original Poster:

1,015 posts

178 months

Friday 4th November 2016
quotequote all
Have been looking for a building plot for over a year now and still haven't found anything, money has been in 3 Santander 123 accounts with the remaining in their instant access saver (0.5% PA).

I need to be able to access the money within 28d should something turn up...

Any ideas?

Was thinking of maybe putting some to one of these "Robo Advisers"

jmsgld

Original Poster:

1,015 posts

178 months

Friday 4th November 2016
quotequote all
Thanks for the advice.

Is it £75k per bank? I thought it was £75k per account?

jmsgld

Original Poster:

1,015 posts

178 months

Friday 4th November 2016
quotequote all
I might stick some in premium bonds just for the hell of it, I seem to remember reading somewhere that you would be marginally better off in a savings account with a lottery ticket each week...

jmsgld

Original Poster:

1,015 posts

178 months

Friday 4th November 2016
quotequote all
Thank you very much, I was under the impression it was £75k per account... not that Santander should be going anywhere...

jmsgld

Original Poster:

1,015 posts

178 months

Saturday 5th November 2016
quotequote all
Thanks for all the input.

The consensus seems to be that the market is too volatile for such a short term investment, I would imagine especially so with all the upcoming issues...

I'll park it in a savings account and suck up the 0.75% interest..