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-   -   where to put my money? (https://www.scoobynet.com/non-scooby-related-4/627902-where-to-put-my-money.html)

m2rs2000 15 August 2007 12:57 PM

where to put my money?
 
was thinking of taking my money out of a mini cash isa cos basically the banks are crap lol was thinking of putting it into this:

Cheltenham and Gloucester - Fixed Rate Bonds

good idea?

pslewis 15 August 2007 01:03 PM

C&G is Lloyds TSB BANK!!!

m2rs2000 15 August 2007 01:03 PM

are the bonds better than isa

wrx-kris 15 August 2007 01:06 PM

I'll look after it :lol1:

dpb 15 August 2007 01:08 PM

Stick it under the floor-boards- cash is where its at :)

m2rs2000 15 August 2007 01:19 PM

lol with all the hassle i get from banks floorboards might be best option lol however the 6.5% interest on it sounds nice lol

EddScott 15 August 2007 02:59 PM

First response would be why take your money out of a tax free environment into a taxable environment?

C&G FR bond = 5.2% net

NS&I Cash ISA = 6.3& tax free

Plus if its a bond you probably need notice in order to get the money in a hurry and they'll certainly punish you for taking it out before the end of the term/notice period.

Mk2_heaven 15 August 2007 03:01 PM

http://www.norcalblogs.com/bullfight.../piggybank.jpg


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