Best place for a lump sum ?
Best place for a lump sum ?
Author
Discussion

Turn7

Original Poster:

25,753 posts

251 months

Sunday 14th July 2013
quotequote all
Mr T7 has just recieved a small inheritance (5 figure sum) and is looking for the best place to deposit it, any recommendations ?

My feeling is go for ISA's as access isnt critical, but IM not up to speed ont he bst places for savings these days.

ringram

14,702 posts

278 months

Sunday 14th July 2013
quotequote all
If access isnt critical then any cash deposit is pointless. Value will be lost in real terms.
Looks elsewhere. ISA yes, Stocks and Shares, yes.

There are 6% corporate bonds available etc.

Turn7

Original Poster:

25,753 posts

251 months

Sunday 14th July 2013
quotequote all
Should have been a bit more precise... looking for somewhere to dump the cheque whilst it clears AS WELL as the best place to leave it longer term....

btdk5

1,862 posts

220 months

Sunday 14th July 2013
quotequote all
Pay off all debt, if you've done that you might as well buy a better car or go on holiday.

Turn7

Original Poster:

25,753 posts

251 months

Monday 15th July 2013
quotequote all
Bump created or the weekday crew