Spreading my savings?
Spreading my savings?
Author
Discussion

paddyhasneeds

Original Poster:

59,536 posts

226 months

Sunday 7th August 2011
quotequote all
I have a reasonable amount of money sitting in the bank earning sweet FA now that some 1 year bonus accounts have expired.

I'm looking for a way to save the money which gives me a decent return whilst keeping the money accessible should I need it (I don't think I will be don't like the idea of it being untouchable, so an interest penalty is acceptable).

So far I'm thinking:

Transfer existing ISA funds to Northern Rock Online E-ISA @ 3.05% & top up with full 2011-2012 allowance.

NS&I Index-linked Savings Certificates - full £15k

Stick the rest in a Coventry BS Poppy Online Saver @ 3.15%

I keep a small pot that I intend to play with, things like high-certainty low risk bets and some "fun" funds dabbling. Would it be worth putting a few £k in Premium Bonds as it's a gamble but 0% rather than any chance of losing?

sharpfocus

13,814 posts

207 months

Sunday 7th August 2011
quotequote all
Personally I'm looking to shares in the short-medium term. It might be a bit like catching a falling knife at the moment but these things always bounce at some point.

paddyhasneeds

Original Poster:

59,536 posts

226 months

Sunday 7th August 2011
quotequote all
sharpfocus said:
Personally I'm looking to shares in the short-medium term. It might be a bit like catching a falling knife at the moment but these things always bounce at some point.
It's the falling knife bit that concerns me, plus general naivety. That said, Lloyds look quite interesting at the moment from all accounts.

paddyhasneeds

Original Poster:

59,536 posts

226 months

Monday 8th August 2011
quotequote all
Bump anyone..

Scooby72

701 posts

197 months

Tuesday 9th August 2011
quotequote all
I'm full up on the ISA & NS&I Index linked certs. and 1 yr bonds with a couple of Building societies.

I have also set aside a bit for a higher risk punt on Gold and Silver, as I am genuinely worried now that all of the Western currencies are racing to inflate and devalue. As I say its high risk, but if the government/BOE carry on down the road of piling on more debt, and adding liquidity to the markets (ie money printing) then I reckon gold can only go up !!