retired_heidigoebel

oh right, yeah there is a lot more potential with the maxi, but then again £7k wont get into the property part so it wouldnt get that high a %.

£3k Mini ISA, and then £4k in a term deposit would be the safest bet with a decent return.

retired_joesudz

Right, I'm just about to knock £3000 into a NS&I direct isa. Just checking though, provided I have the funds in my account (which I do), can I use my Maestro card to make the £3000 deposit?

retired_bemesel

ISA is tax free and that is why the interest looks lower than other savings accounts. But you are better off with a Mini ISA.

If you are in for the long haul, invest in a Mini-ISA with shares in a medium-high risk portfolio.

I'd go for India/China investment - or a portfolio with strong emphasis on commodities.

retired_heidigoebel

It all depends on if he wants to take lot, some, little or no risk in losing some money. With it only being a small investment i doubt they would offer a high risk option.

retired_globalmall

I used my maestro card.

retired_bec8643

Should imagine so but might be worth phoning your bank in advance to let them know so they don't flag it as a fradulent transaction & your card is refused.

retired_joesudz

I'm not really in it for the long haul tbh, chances are I'll be looking about some of this money in a year or two when I go travelling, but I would like to get some return on it in the meantime.

retired_kathydonatto

you should seek some independent financial advice do not go to any financial advisor tied to an organisation.

You are also better with a stocks and shares ISA as shares generally outperform interest bearing accounts.

retired_bemesel

You can take a higher risk option. The default scheme is usually the FTSE100 tracker. There are much better schemes than that at the moment.

retired_mariposa_30518

McFarland, this is why you are such a loser :thup: