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Best investment with monthly interest payout

Last post Mon, Jul 13 2009, 5:18 PM by CC2. 2 replies.
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  •  Tue, Jul 07 2009, 10:31 PM

    Best investment with monthly interest payout

    Dear Kevin

    Can you advise which is the best investment I can get from any of the banks where I can receive my interest monthly or even if I need to leave the investment for at most 3 years.

    Investment amount £50000.00

    • Post Points: 35
  •  Tue, Jul 07 2009, 10:44 PM

    Re: Best investment with monthly interest payout

    Click on MONEY above and follow it through to SAVINGS.
    • Post Points: 5
  •  Mon, Jul 13 2009, 5:18 PM

    Re: Best investment with monthly interest payout

    I have several of these. The best rate for monthly fixed rate at the moment is around 3.75% and bearing in mind that interest rates have been lower than this a few months ago and are now rising slowly, I resisted the temptation to take a longer term than 1 year. You can get a higher rate for longer terms but I would suggest that by the end of 2 years, you will definitely be losing out. Best to lock it in for a year then look around for a better rate when it matures....

    Good luck

    • Post Points: 5