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Where to put my endowment!

2 replies

buswheels · 29/12/2023 11:30

I had an endowment mortgage, endowment has matured mortgage got rolled over and will run for another couple of years at low interest rate.

The endowment performed poorly and will clear less than 1/2 the mortgage, I’d appreciate any advice as to the best place for the endowment for the next couple of years.

thanks

OP posts:
Chewbecca · 29/12/2023 11:33

Are you paying the capital on the mortgage now or is it still interest only? What's the plan to pay off the balance?
Not really possible to answer the original question without lots more info, how much is it, what do you plan for do with it and when, what other savings you have etc.

buswheels · 29/12/2023 11:49

Mortgage is very small and will be cleared with this and other funds.
it is interest only. The endowment is also pretty small (think 20k) I can’t put it in a an ISA (not in UK currently)
im thinking a 1 year high interest account is probably my only realistic option?

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