We had a 3 year fixed term deposit. It's just matured, and know we're not sure what to do with the money.
Obviously there are 101 things we could actually do with it, it's not a huge sum and we're not rich, but we're not sure what would be the most sensible thing to do with it.
Should we put it back in a bond? Maybe a 1 year one? Or should we split it and put it in our ISAs? Which have a worse interest rate. Should we pay off a chunk of the mortgage (it's only just started)? We probably can't pay a lump sum, but we have the option to change our repayments, so we could pay double for a while. I'm worried that we might need a lump sum one day though.
Any advice would be very gratefully received, thank you!
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Fixed term deposit (bond?) has matured. What should we do with it?
6 replies
ImpYCelyn · 03/10/2011 20:35
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