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Say you were given a nice little chunk of money, what sort of account would you put it in and where?
but if it's a few K or so, then an ISA is prob your best bet
ISA ISA baby
I'd like it to be somewhere where I can access it fairly easily if need be, but not somewhere like my current account where it can be spunked away with no effort.
how much washing-up do you think you could do, without any washing-up liquid?
but interest rates are pretty shit right now.
maybe get premium bonds? you can cash them in whenever, you'd probably 'earn' about as much, but it isn't immediately accessible.
I hear spanish bonds are looking 'attractive', unless you fancy a dabble in the junk derivatives markets that are oh so hot right now.
spend spend spend
if it's over 10k, gold
if it's under 10k, canned foods and blankets
an online one if you want easy access http://www.moneysupermarket.com/savings/easy-access-accounts/
If you've got more than a few thousand, risk some of it!!!!!
If you're scared of spending it though, maybe not. I've got a cash ISA with the same bank as my current accounts and I just transfer money all the time and get like no interest. It's silly.
...basically tell you all you need to know. Most importantly, if you have any debt you should be paying that off first.
The Coventry poppy account they recommend looks good for the medium term and lets you get at your money to an extent.
Super serious answer - you should put it in a mutual fund ISA that has a mix of corporate bonds and emerging market shares. These will usually have exit fees if you want to take your cash out in the first couple of years however.