After recently proving my complete ignorance in all matters money can someone lend a hand regarding savings accounts...
What's the best way to make money from your money that is in a savings account. It has to be in a savings account as it's a charity.
Cheers and thanks etc.
John
1
What's the best way to make your money make money?
Started By Dunkey, Nov 21 2011 08:08 PM
money help stupidity
8 replies to this topic
#1
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Zedlet
Posted 21 November 2011 - 08:08 PM
The artist formerly known as Husky
Dunky:
The punishment suffered by pirates if caught m'bating while on watch
"Avast Jim-lad, what be that ye be doin? Floggin' molly on night's watch?! It be either Jack Ketch or a dunky for ye then!"
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#2
View GaragePosted 21 November 2011 - 08:50 PM
1kg of columbia's finest cocaine for £12000 cut up makes you an easy £30000! Oh no may be that might not be legal? 
lol...
Best money maker has to be shares or spread beating. No good if you cant afford to lose it though.
lol...Best money maker has to be shares or spread beating. No good if you cant afford to lose it though.
#3
Posted 21 November 2011 - 08:54 PM
I think bonds would be a good bet, unfortunately you wont be able to get at the money quickly
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#5
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Committee Member
Posted 21 November 2011 - 09:15 PM
How much money and how long can you invest it over? Less than £25k your looking at 3% is (unless you can jump on the back of someone else's facilities) and these come from simple fixed term savings accounts. Over £25k you can get far better rates so long as you don't need the money for a year - 18 months. Over £175k you can play the inter bank lending/ overnight money markets and if done correctly you can get a double bubble where you get paid normal deposit account interest along with the overnight rate. In the last 18 months these rates have varied between just under 4% and just below 1% so forecasting the return is impossible but you'll be getting more than 3%.
Over this there's the international bonds market which will get you 6% & 7% for fixed term investments although those that invested in Iceland will remind you the capital is at risk if a country goes bankrupt
Over this there's the international bonds market which will get you 6% & 7% for fixed term investments although those that invested in Iceland will remind you the capital is at risk if a country goes bankrupt
#6
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Zedlet
Posted 21 November 2011 - 10:04 PM
How much can you spare and over how long do you want to play?
#7
Posted 22 November 2011 - 08:26 AM
National Savings were offering a bond that paid inflation + 1% but over 5 years and max investment was a miserly £15000.
#8
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Zedlet
Posted 22 November 2011 - 12:34 PM
Like I say it's for a charity so I believe they have limitations on where the momey can be stored. As far as I've been told it can only be ion a savings account. I will investigate in further detail....
The artist formerly known as Husky
Dunky:
The punishment suffered by pirates if caught m'bating while on watch
"Avast Jim-lad, what be that ye be doin? Floggin' molly on night's watch?! It be either Jack Ketch or a dunky for ye then!"
http://www.urbandict...y&defid=6026611
#9
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Zedling
Posted 22 November 2011 - 05:19 PM
Take the money and become a short term loan provider.
I mean if you see figures of 1796% APR on an advert, it makes you wonder, lol
I mean if you see figures of 1796% APR on an advert, it makes you wonder, lol
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