[mowflow]

I've got some money sitting in a savings account making nothing. I'd like to see it work a bit harder but it seems this market is so full of shit products. This isn't the "rainy day" fund so I'm happy to lock it away for a few years.

[mob17]

E30 M3

[DMH-01]

What sort of amount are we talking about? Under/over 10k?

[col2611]

Santander 123 is offering pretty good interest, 3% but you can only put £20000 in there and you have to have direct debits and min. £500 going in every month.

All depends on how much money we are talking about

[mowflow]

It's roughly 20k as I'll keep a bit in the existing account. That Santander account is out as its too much farting about. Ideally it will be something with no direct debit requirement and no set monthly pay in.

Has anyone got experience of peer to peer such as zopa?

[MrPogle]

If 2.6% tax free is enough, Coventry Building Society have a cash ISA paying that for the next 4 years. Zero hassle and the early cash in penalties are not harsh.

[dy63]

agree with mob, anything classic is going up n up

[dobbo99]

Originally Posted by mowflow

It's roughly 20k as I'll keep a bit in the existing account. That Santander account is out as its too much farting about. Ideally it will be something with no direct debit requirement and no set monthly pay in.

Has anyone got experience of peer to peer such as zopa?

Im a similar situation.

Santander scare the life out of me, previous experience of customer service is awful and at least I know where the money is with lloyds and hsbc - which is where it is now.

Ive looked at peer2peer lending over and over and I just cant take that step, again Im scared that someone will disappear with the money.

I guess thats where the money makers make money, they are happy to take the risk.

[afalton]

Classic or rare watches will be worth money

[mowflow]

I tried to work the Santander one out but it's a pain in the arse with all the shifting of money that would need to go on and either setting up new direct debits or changing existing ones. I also guess that with all the faffing about trying to keep the account near the max £20k you'd be as well having it somewhere at 2.5% ish.

I may have a dabble with peer to peer but it will be a small amount that i use.

Generally no further forward with this. Luxury items like watches is probably sensible money but I don't know much about it and feel safer with a guaranteed return even if it's smaller. I've made too many bad investments on expected big returns in the past.

[gangzoom]

If you got a mortgage pay that off, or look into buy to let. Brick and motar has worked out very well for my parents interms of building up a nice retirement fund, to the point where they get more income from rental than their company pension. Once we've got our 'final' house, and have got kids etc (some time in the next 4-5 years), than all our money will be going into property.

I too am far too scared to invest in things like peer to peer, or even stock ISAs.

[rovers_andy]

Stocks and Shares ISA, Corporate Bonds, Unit Trusts......