What to do with my savings.

OK, so my savings account just matured and I got my interest for the year and earned a depressing 160 GBP with 11K GBP.

Now I could stick it in this 2 Percent savings account and earn maybe 220 GBP but really for a year of my money locked up I would be wanting more.

So my question is where can I invest my money with no risk or even partial of my savings with risk and earn some money.

I'll happily stick 10K in a 2 Percent account and play with the 1K.

 

I'd just put it in savings because odds are you will not have much luck trying to make money, you could try investing in gold, prolly would go up in a year.

 

Gold is down at the moment, maybe a good time who knows. If I invested in gold it would be in physical form.

 

I've always kept mine in the savings, that way you're running low risk. Surprised you only got £160 from 11k, I managed to get close to £750 with just under 40k.

 

Lol yea, my bank sucks. What bank are you with mr bot.

 

I've got a standard account for my daily usage, that's with Natwest, but my savings it with the Post Office, I've had a fixed interest rate for over 10 years, but it expired with my 18th birthday 2 days ago, so now it can change. No doubt it'll get worse :3

 

ah post office sucks no online, if i knew a bank was gonna go into a bad situation you can't transfer out of there quick time. I got a Lloyds account.

 

Yeah, under 18 I had to wait 28 days before the cash was transferred when I req'd it. Lloyds are a good bank, have you looked into ISA's? They're a good way to store cash without paying a heap of taxation etc.

http://www.natwest.com/personal/savings/g2/isas/cash-isa.ashx

 

You could always have a look into premium bonds. (UK)

It's no riskier than a bank account and the 'interest' payments are based on a lotto sort of scheme.

Each pound invested is essentially a ticket which could win anywhere from £25-£1M. The major difference between this and the real lotto is that you never lose your 'bet' and can withdraw your savings any time you wish

 

I always thought these were kinda obsolete now ;p

 

It's about as close to a no risk investment your going to get. If you want to beat 2% you need to get lucky or get risky.

 

Invest it into the bit coin market.

 

Too volatile, he said no risk. BTC isn't really a viable currency long term anyway.