What would you do with 5k savings?

[crofty1984]

Not a lot for most of you on here I'm sure, but I'm a bit poor! Still want my money to work the best it can for me. I'm not expecting massive returns but as an alternative to crappy interest on a savings account...
Not after massive high-risk, but was considering something like peer-to peer lending, or maybe just chucking it in premium bonds?

Any advice?

[crofty1984]

developer said:

Use it to pay off any credit that's at a higher interest rate than the interest you could earn with it.

Credit and overdraft free thankfully! Well, there's the mortgage, but I'm already overpaying that by £200 a month and want something a little more flexible. I really fancy the cycling money through high interest accounts idea, plus the S&S ISA. May put future savings towards P2P lending as well. Eventually I'd like to invest in a couple of little flats to rent, but until then there's no point having the money doing nothing!

Thanks so much for the advice everyone!