Best place for £10k when ISA maxes out.... ERNIE? Best place for £10k when ISA maxes out.... ERNIE?
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  1. #1

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    Default Best place for £10k when ISA maxes out.... ERNIE?

    Maxes out ISA for this year, needs to be zero risk and instant access as it’s a house deposit, anywhere better than premium bonds? Is a 1-2-3 account more hassle than it’s worth now it has a £5 charge and the myriad of pre-requisites
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

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  2. #2

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    Coventry are just going to put their instant access savings up to 1.5% which isn't bad for high street and one hundred percent safe - better than the 123 currently (although that works well for me because I have a mortgage with Stan tander and pay three lots of council tax for rental properties so get quite a goodly chunk back in the rebate thing)

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    If Coventry goes bust, who will bail it out?

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    Buy Dr Scoot's magic beans.
    This time next year, you'll be a millionare.
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    Premium bonds isn't a bad shout for zero risk.
    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

  6. #6

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    Quote Originally Posted by AtW View Post
    If Coventry goes bust, who will bail it out?
    To some extent that doesn't matter as long as we're talking less than 85k - which I assume that we are as the OP was talking about 123 accounts which only pay 1.5% on balances up to 20k

  7. #7

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    Quote Originally Posted by DimPrawn View Post
    Premium bonds isn't a bad shout for zero risk.
    Zero tax too, even if you are an "additional" rate tax payer

  8. #8

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    Quote Originally Posted by Bacchus View Post
    To some extent that doesn't matter as long as we're talking less than 85k - which I assume that we are as the OP was talking about 123 accounts which only pay 1.5% on balances up to 20k
    85k limit is mandated by the EUSSR though, dirty red tape regulators, after Brexit it will be much nicer 0k...

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    Quote Originally Posted by AtW View Post
    If Coventry goes bust, who will bail it out?
    Nuneaton.

  10. #10

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    Halifax kids saver - 2% on 5k for each child. You can have two accounts per child.

    No tax as it's for the kids innit.

    It was 20k per child, but they said that parents had been abusing it.

    https://www.halifax.co.uk/savings/ac...ds/kids-saver/
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