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I have £18k savings. I need to have some, say £6k, instantly accessable. I have some ISAs in place, an online E-bond fixed 1 year.

happylady9
by happylady9 22 January 2010  |  Comments 1 comment  |  Love Love  0 loves

What should I do with the balance £12k that is relatively easy to access.

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Comments (1)

  • MikeGG1
    Love rating 804
    MikeGG1 posted

    First of all, clear any debts and make sure that you settle the whole of credit card bills every month.

    The £6k should go into an instant access account or possibly 30 or 60 day notice, depending on just how instant you might need it. Look for an account with a high initial rate. You can find another account next year if it is still unspent.

    The remainder would depend on how soon you might need it.

    Mike

    Posted on 22 January 2010 | Love Love  0 loves Report

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