Simple advice for savings

Simple advice for savings

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RUNAMOK

Original Poster:

85 posts

130 months

Sunday 21st February 2021
quotequote all
Apologies for a rather basic and dull thread. I'm sure this is all covered in the forums and online...

I'm in the fortunate position of having a few hundred thousand pounds in cash sitting in some instant access savings accounts. I would say this money is earning an average of 0.5% interest. What basic steps could I take to potentially increase that return?

I am assuming I should invest in a stocks and shares ISA (I have £10k left of my ISA allowance this year, i only have a cash ISA). And then possibly invest in some funds?

I might need to buy a property relatively soon but I could lock away £50k at least, otherwise would want to keep the vast majority as easy access.


RUNAMOK

Original Poster:

85 posts

130 months

Sunday 21st February 2021
quotequote all
Thanks for all the advice, appreciate it