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homer75 | 16:25 Fri 23rd Jun 2006 | Business & Finance
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Looking for best return on �250000. Not keen on stocks and shares as had fingers burned a few years ago.
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I would say that it would be best to buy antiques which are not likely to fall in value. Have a word with your local auction house and they will be able to assist.
Do you want immediate access to the money or are you prepared to tie it up for a longer period? If you want immediate access, I would look around on the internet for best savings account deals, but also ensure that you use up your �3,000 cash allowance ISA every year.
Are you a higher rate tax payer? If so and you want to reduce your tax burden, National Savings might be good option (Check out the NSI website).
Also, I don't know how old you are. Are your pension arrangements adequate and have you paid off your debts, and cleared your mortgage? If all these things are organised to your satisfaction, probably one of the best returns you can get is to invest in a buy-to-let property. However, even this is not 100% safe. If you really want to sleep peacefully at night, looking around for a best rate savings deposit account is possibley the best option, but be prepared to move your money around as most organisations now offer introductory bonuses, for 3 or 6 months, after which the interest rate drops.
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Thank you southerngirl and wendyS for your answers.

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