retired_joesudz

I have a student account with Ulster Bank, which is basically the Northern Irish equivalent of Natwest iirc. With that amount of money in my account last year I got a return of something ridiculous like 40p or thereabouts.

retired_heidigoebel

Mini isa £3k

MAxi ISA £4k investment

There ya go £7k invested tax free.

Go to your local bank and ask for an appointment with their finacial advisor, then do the same with another bank.

Shop around.

Some investments are easily accessable, some are not.

retired_mika318

thought you were only allowed one? </BLOCKQUOTE>

You can only put money into one ISA per financial year, yeah.

Obviously you can keep any old ones you have and they'll still accrue interest.

Either Zante meant that or he's going to be taken down by the Feds :cool:

hanouda

Put it into Betfair and back Federer a few times first.

retired_kaila4337

I could spend it by 6.30, but that's about all i can offer

Saying that, give me £1k and I could probably turn it into £1.5k through fruit machines :thup:

retired_bec8643

if you go to Yorkshire building society you can get 9% on half of it in a 1 year bond and half will be put into a 5 year investment thing.

retired_kikiiscwazy

Ian, you actually are me of one year ago

retired_bec8643

You could have a maxi isa for upto £7000 but there's chance you lose money there too as thats invested in shares.

retired_heidigoebel

is you put £3k in a mini isa then you would only be allowed to put £4k into a Maxi isa.

only allowed £7k a year tax free.

retired_bec8643

Yeah i was suggesting he puts all the 7k in the maxi isa, potential for earning is more in shares if you can afford to take the risk.