How can i invest a lump sum of £3500-£4000 (after tax) i am getting for a period of 4 years?

Question

I am getting a lump sum from work but am leaving soon to go to uni. I want to put the money away, somewhere that i preferably cannot dip into it, until after i graduate. How can i invest it and how much am i likey to receive back from it?

Thanks

Answer 1

send it over il take good care for you

Answer 2

The market for fixed rate bonds at the moment is very competitive. Because the majority do not allow access to your money for a set period of time they offer higher rates. You can lock your money away for between 6 months and 5 years and rates are currently as high as 7.15%.

If you log on to our website www.moneyfacts.co.uk our savings section should help you find the best account for you.

Answer 3

With that sort of money I would recommend EGG.com and apply for a fixed rate bond. They give you a set interest for the whole year reagardless of whther it goes up or down.  On that amount of money you will make interest of £200/

Another good idea is premium bonds from NS&I.  You dont make any interest but on that much money you have a good chance of winning quite a bit of money...and off course its free and your money is perfectly safe. The only down side is that you lose money in the sense that it becomes less valauble due to inflation.

The Egg idea allows you too ofset the inflation change and you dont lose anything. You cannot accsess the egg money until the end of the yead and then you can reinvest it.

The premium bonds can be cashed out but it takes a while and requires special forms.

Answer 4

What I tell my clients is to invest to both fixed income investments (like treasury bills, bank CDs, even rental property) and to capital growth securities (stocks, foreign exchange, commodities). This way, your money enjoys the best of both type of investments--regular fixed income to help with day to day expenses, and capital growth for future cash flow.

Talk to your financial advisor about this.

I wish you the best!

Jim http://jsforex.blogspot.com

Answer 5

Halifax will pay you 12% for it for one year, after that, just keep finding similar high interest deals

Answer 6

Look at NS&I your money is 100% safe.