ColchesterFC
Journeyman Pro
A question for those in the know with regards to financial investment. We're saving for a deposit to buy a house next year and currently have 20k to put into savings. We can lock the money away for a year as we will be looking to buy at this time next year. Mrs Colch is a first time buyer under 40 so I'll give her 4k to put into a LISA to get the government 25% bonus on that, but what should I be looking to do with the rest of the money to get the best return. Unfortunately I'm a smidge over 40 so can't have a LISA myself. Looking at the rates it seems that 1% is the max I could get on an ISA and less than 0.5% on a regular savings account. Is there anything else I should be looking at?