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Legal, pensions and money

A good investment ?

(77 Posts)
Mumsy Sun 29-Jan-17 18:37:54

it depends how long you want to tie the money up for, the interest rates are very low at the moment. I do have a yearly fixed rate bond with hsbc and the interest is paid into my current account each month which boosts my monthly income. I wont tie the money up for longer in case I need it.

f77ms Sun 29-Jan-17 08:48:30

My DM died some time ago and left some money to my sister an I . After I have done all the repairs/improvements to my house which are needed I will be left with about £10,000 . I am 65 and retired on ill health a few years ago so no future means of earning any money . I get a basic pension plus some pension credit atm which will stop when I receive my inheritance . I am completely clueless about investments etc but have always been very sensible with money - no credit cards or debts to pay off but I guess in some peoples eyes I do live a bit hand to mouth , never treating myself to much and buying mostly second hand good quality stuff for myself and the house . Any ideas on a good way to invest this amount of money which would have a reasonable return would be welcome xx