Saving for a house, filled my ISA, what to do with £3k?

[anonymous-user]

Hi all

I've been saving for a house for a while now, and am getting on pretty well.
I now find myself in a situation where I have filled my ISA for this year, and have another £3k which is sat in my current account earning little or no interest.
I don't have any debts to pay off - with the exception of my student loan which costs me next to nothing. I don't particularly like the idea of throwing £3k at that loan, unless that is its best usage.

Any suggestions as to what would be the best usage of this money to get me some kind of return over keeping it in my current account? I am fairly risk averse, but accept that some times you must speculate to accumulate!

Thanks in advance.

[Rick101]

Stocks and shares ISA?

'Lend' it to your partner/trusted family member to put in thier cash ISA.

[anonymous-user]

Partner cannot be trusted with money at all, so that's a no-no. And family are very traditional in that regard, so that is out too.

Stocks & shares ISA is something I've been looking into... any other suggestions?

[willisit]

Are there many high (for what it's worth) interest accounts around these days?

Premium bonds?

Try moneysavingexpert website (my accountant wife is reeling these off!)

[YoungTom]

If you don't go down the SS ISA route I would advise you stick it in a Santander 123 or Nationwide FlexDirect (both current accounts)... both have conditions such as pay in £1,000 a month but this can be handled using the funds if you don't mind spending a little time doing it.

Both accounts beat any savings accounts atm!

[pacoryan]

Premium Bonds, hassle free and the only cost is the opportunity cost of not having a miniscule amount of taxed interest that you would otherwise get on deposit.