Best place to put £100k for 6 months
Discussion
I already have a Santander current account and will be getting a decent amount from my house are there any "easy" and "safe" options as I intend to invest some into various things but wouldn't mind if I could get 2/3% interest on the balance for a bit.
I haven't got anything in cash/share ISAs atm.
I haven't got anything in cash/share ISAs atm.
Cash returns are pathetic these days. Best bet IMO for the short term will be to open the highest rate internet accounts you can find. Building societies or even Tesco/Sainsburys. The rates are pretty poor at about 1.3% but it's better than getting raped at the 0.1% banks are paying to "savers".
Shaoxter said:
What are you doing with the £100k 6 months down the line that can't be done now?
Waiting for a few things at work to resolve and I want to see where the housing market is going. Iv made good returns in recent years but have my reservations regarding the current London prices...If I can't decide I might just stick it in a combo of Savings, Shares, Property (BTL or buy/improve/sell), etc.
Was hoping someone might know of a 2/2.5% yield rather than opting for 0.1% from banks.
Just looking for suggestions really
Just stick it in BTLs in London, there's no way you're going to lose money unless you invest for a really short time horizon.
Every year people will tell you there's a slowdown coming but it's just not going to happen with the increasing demand and limited supply in London. Also mortgage rates are still pretty low so I wouldn't waste any time.
Every year people will tell you there's a slowdown coming but it's just not going to happen with the increasing demand and limited supply in London. Also mortgage rates are still pretty low so I wouldn't waste any time.
Ozzie Osmond said:
Building societies or even Tesco/Sainsburys. The rates are pretty poor at about 1.3% but it's better than getting raped at the 0.1% banks are paying to "savers".
That's better than the 0.5% I'm getting with ING (but soon to be Barclays). I'm also looking for the highest interest savers account I can find. Will be following this thread closely.
Shaoxter said:
Just stick it in BTLs in London, there's no way you're going to lose money unless you invest for a really short time horizon.
Every year people will tell you there's a slowdown coming but it's just not going to happen with the increasing demand and limited supply in London. Also mortgage rates are still pretty low so I wouldn't waste any time.
Agree - buy somewhere with decent transport links and not too stabby and you'll be fine in London. Every year people will tell you there's a slowdown coming but it's just not going to happen with the increasing demand and limited supply in London. Also mortgage rates are still pretty low so I wouldn't waste any time.
I'd steer clear of anywhere too 'up and coming' though - I resigned myself to being far too risk averse to be one of the folks who make a million from a 3 bed terraced house after spending 10 years nervously walking from the station after dark.
Maxf said:
I'd steer clear of anywhere too 'up and coming' though - I resigned myself to being far too risk averse to be one of the folks who make a million from a 3 bed terraced house after spending 10 years nervously walking from the station after dark.
That's what tenants are for 
Watching this thread with interest though for ideas other than property.
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