Mortgage Deposit - Stocks and Bonds question.

[DMN]

Firstly when it comes to Finance, I'm not the most clued up. So I'm hoping for some advice to point me in the right direction.

My Wife and I are trying to save up a deposit for our first house. I'm 33 and she's 31, so we're intent on it happening this year. More so as we are trying for a child. Currently we're saving £1,000 a month and putting it into her normal savings account, which has a poor interest rate.

My question is would it be worth investing that £1,000 in Stocks and Bonds, or is the time frame too short and the risk too high?

[ringram]

Far too high a risk for the time-frame.
Bank deposit only IMO.

[DMN]

Had a feeling that might be the answer, but thank you.

[pacoryan]

Or Premium Bonds. Frankly the taxed net interest from the bank is going to make zero difference to your deposit so the risk is negligible, and the potential upside is a bit of fun. Couldn't be more secure either.