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Just Str Where To Put Money

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Hi,

I have just manage to STR exchanged today!!! I have about 55K that I would like to try and make some money from but don't want anything risky as this is my future deposit (hopefully).

I am currently renting so will need access to the money within 90 days in case I actually find a property that I am willing to buy (haven't managed to find one yet though).

I was thinking of just putting 30K in premium bonds and the rest in a savings account paying 2.8% but can I do any better?

Any advice will be most appreciated.

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If you must keep money, M&S Money fixed rate savings 3 year fix, immediate access to all with £100 penalty. 3.25% I think. I don't understand the premium bond logic. Personally, I'd buy a FTSE with dividends tracker.

Hi,

I have just manage to STR exchanged today!!! I have about 55K that I would like to try and make some money from but don't want anything risky as this is my future deposit (hopefully).

I am currently renting so will need access to the money within 90 days in case I actually find a property that I am willing to buy (haven't managed to find one yet though).

I was thinking of just putting 30K in premium bonds and the rest in a savings account paying 2.8% but can I do any better?

Any advice will be most appreciated.

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Hi,

I have just manage to STR exchanged today!!! I have about 55K that I would like to try and make some money from but don't want anything risky as this is my future deposit (hopefully).

I am currently renting so will need access to the money within 90 days in case I actually find a property that I am willing to buy (haven't managed to find one yet though).

I was thinking of just putting 30K in premium bonds and the rest in a savings account paying 2.8% but can I do any better?

Any advice will be most appreciated.

PBs are rubbish at the moment, and even when they're not you need to think of returns over at least a year, since each month's winnings (or not) can vary wildly.

Plus I'm pretty sure new bonds don't even go into the draw until a month after you've bought them.

As someone else has said, the M&S bond is good if you don't want to tie your money up.

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Hi,

I have just manage to STR exchanged today!!! I have about 55K that I would like to try and make some money from but don't want anything risky as this is my future deposit (hopefully).

I am currently renting so will need access to the money within 90 days in case I actually find a property that I am willing to buy (haven't managed to find one yet though).

I was thinking of just putting 30K in premium bonds and the rest in a savings account paying 2.8% but can I do any better?

Any advice will be most appreciated.

buy a house its the only hope as inflation will otherwise rip your cash stash.

ooooh but you just sold one???? why?

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buy a house its the only hope as inflation will otherwise rip your cash stash.

ooooh but you just sold one???? why?

Should it be made out of gold?

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Hi,

I have just manage to STR exchanged today!!! I have about 55K that I would like to try and make some money from but don't want anything risky as this is my future deposit (hopefully).

I am currently renting so will need access to the money within 90 days in case I actually find a property that I am willing to buy (haven't managed to find one yet though).

I was thinking of just putting 30K in premium bonds and the rest in a savings account paying 2.8% but can I do any better?

Any advice will be most appreciated.

Tracker bond? Minimum rate 3.2% till 2012 but 2.2% above base rate, so if rates go to 1.25% your rate goes to 3.45% and further upwards on subsequent rate rises

90 days loss of interest on withdrawals.

http://www.coventryb...x?ProdCode=GTB1

(Edit for typo 3.25% changed to 3.45%)

Edited by Redhat Sly

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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