From: Ronald Raygun 
Subject: Re: =?ISO-8859-1?Q?=A33000?= to invest - help!!
Newsgroups: uk.finance
Date: Fri, 19 Nov 2004 20:52:46 GMT

Stefan wrote:

> OK lets get this clear. I do not yet have a mortgage and wont be
> considering one for three years or so from now. I simply have 3000
> pounds to put away and all the savings accounts seem like rubbish and
> my cash isa is full.

You could lend it to a friend to pay it off his mortgage  :-)

> I am self employed and earn around 35k/yr so am in the high income tax
> bracket -40%.
> 
> Is there something I can do with my money to get a return of 5/6/7% -
> preferably on the high street or internet. I dont mind leaving it for
> a few years if the returns are worth it.

You can get 5% at ING or 4.9% with Halifax's websaver.

Over 3 years the difference between 5% and 7% on £3k is only £116, so
it's not worth expending too much effort on trying to achieve the extra.