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I have 3.5k to invest

asked by thetimes12 posted 3 Years ago at 12:47
Hello totalinvestors... I am somewhat of a novice when it comes to this, so can i get some advice in laymans terms! I have just over 3.5k to invest, which i will not need to touch for at least a year, and i would like to save it in a place of high-interest. Can anyone give me some advice as to how i should save it. Thanks
1-3 of 3 Answers
David Berry answered 3 Years ago at 15:00, last modified: 2 Years ago at 14:56
For any investment with a relatively short term (ie less than 3-5yrs) I would suggest looking at cash based investments. Always start with the most tax efficient (Cash ISA's) To find the best rate check out sites like www.moneysupermarket.com
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thetimes12 answered 3 Years ago at 11:33, last modified: 2 Years ago at 14:56
Thanks David, i will look into cash ISA's. I am correct in thinking that they are a completely tax free investment?
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Kevin Chen answered 3 Years ago at 11:52, last modified: 2 Years ago at 14:56
They are completely tax-free, and certainly with 3.5k to invest, they are your best investment option. Kevin
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