Personal Finance

Investing some money.

I'm looking to stick away £2000 for a couple of years, what is the best way to invest it with a guaranteed return and zero risk? Any info appreciated.

styley Mon 19/05/08 21:10

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factor30
Mon 19/05/08
21:59

try comparison sites like moneysupermarket.com
This throws up the following:

http://www.moneysupermarket.com/SavingsP/Savin gsResults.asp?Results=4&InvestmentAmount=2000& intProducts=1

However if you are a taxpayer the 7.1% rate would fall to 5.5% net so you would be better with an ISA paying ovr 6% tax free.

But with £2000 even with a 7% tax free interest rate you'd only get around £300 compound interest over the full 2years.

If you have a mortgage I'd pay £2000 off that

Whoever
Mon 26/05/08
19:41

If you're a taxpayer, I'd opt for the best Cash ISA you can find. If you've already used up this year's allocation, building societies are currently offering a number of good interest deals with one and two year savings bonds.
As well as the previous site mentioned you can also check out www/moneysavingexpert.com

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