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Where to keep cash?
Ed A
Posted: 08 November 2022 21:13:30(UTC)
#1

Joined: 01/11/2020(UTC)
Posts: 36

Do we have anything like treasury bills or short-term government bonds with good interest? Something that matures within next 3-6 months...
DIY Investing
Posted: 08 November 2022 21:19:14(UTC)
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It's possible to get a 6 month fixed at about 3.6% via HL Active Saver. Probably via Raisin also. So only a -7.5% real yield!
4 users thanked DIY Investing for this post.
Tim D on 08/11/2022(UTC), Guest on 09/11/2022(UTC), Nigel Harris on 09/11/2022(UTC), Harland Kearney on 11/11/2022(UTC)
Harland Kearney
Posted: 11 November 2022 16:45:23(UTC)
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Ed A;247063 wrote:
Do we have anything like treasury bills or short-term government bonds with good interest? Something that matures within next 3-6 months...


There is HL Active Savings with 4.3% deposit for 9 months fixed.

But yes, the real yield is of course negative, but show me something with a positive yield that gives the Government protection and guaranteed yield (near enough) with no capital risk.
But I feel like this type of instrument is to address people who seek the capital returned to them for something larger purchase shortly after maturity. It certainly has its place & I use these for situations like this recently.

1 user thanked Harland Kearney for this post.
Jimmy Page on 11/11/2022(UTC)
Big boy
Posted: 11 November 2022 16:57:58(UTC)
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I have switched my cash into PE/Property share over last few weeks as I feel they will give the best return now.
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Raj K on 12/11/2022(UTC)
Thrugelmir
Posted: 11 November 2022 17:03:35(UTC)
#7

Joined: 01/06/2012(UTC)
Posts: 5,338

Ed A;247063 wrote:
Do we have anything like treasury bills or short-term government bonds with good interest?


What do you regard as good?
Bulldog Drummond
Posted: 11 November 2022 17:07:46(UTC)
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Someone the other day mentioned ERNS in the ultra-short bond space,
2 users thanked Bulldog Drummond for this post.
Harland Kearney on 11/11/2022(UTC), SF100 on 11/11/2022(UTC)
Lex Further
Posted: 12 November 2022 09:23:39(UTC)
#10

Joined: 18/09/2021(UTC)
Posts: 181

i keep it on my deposit account. So far i didn't have any issue with the comenity bank and their customer service Is always very helpful (you can find their details by link). Other than that i invest in real estate and am very close to purchasing a second rental flat. Hope to have an independent income by the time i am retired.
Ed A
Posted: 12 November 2022 16:29:09(UTC)
#8

Joined: 01/11/2020(UTC)
Posts: 36

Thrugelmir;247500 wrote:
Ed A;247063 wrote:
Do we have anything like treasury bills or short-term government bonds with good interest?


What do you regard as good?


More than I currently get on my bank account... something like 0.5%
Taurus2021
Posted: 12 November 2022 17:25:12(UTC)
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Heavily into a range of BG funds, I cashed in everything in January 2022. Too timid for the 'Stay in! The markets always come back!' mantra. On reflection, right decision for me. Interest rates on 'parked cash' - my terminology! - are steadily climbing. In last 10 months, I've moved from HL to II and now to Vanguard who are offering 2.73% on 'parked money'. Not bad for instantly available cash. No need to invest. Vanguard hold over £3trn. Also, many high street banks and building society offering 6-month and 1-year bonds at attractive rates. Or even an ISA. Good rates and tax free on interest. Anything would be attractive after 10 years of meagre interest rates for pensioners. I follow Savings Champion for weekly updates on best interest rate offers.
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Apostate on 14/11/2022(UTC)
SF100
Posted: 13 November 2022 13:44:27(UTC)
#12

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charted cash type stuff recently discussed on the forum, for info
charted with all income reinvested, as vanguard is the income share class

3 users thanked SF100 for this post.
Sara G on 13/11/2022(UTC), Chalky W on 14/11/2022(UTC), Tim D on 14/11/2022(UTC)
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