Short Term Investment Options

Unless you can leave your money untouched for more than five years, you will find that your options are pretty much limited to putting your cash into savings accounts and other products where the value of your money does not rise and fall, but grows by having interest added to it.

Short-term, low-risk options include:

• mini cash ISAs
• savings accounts that pay a variable rate of interest (the rate varies in line with interest rates generally)
• term accounts, where you lock your money away for anything from six months to five years
• products from National Savings and Investments (NS&I).
• fixed-rate deposit accounts
• local authority bonds, where you lend money to a local authority in exchange for a fixed amount of interest