16K for investment. 3 or 5 years?

Hi

I have 16K that I want to invest. However I am in my 60's so I don't want it gone for too long a time.

Ideally I would like to invest it for 3 or 5 years. There are so many options out there that I find it very confusing.

I would like an investment with some guarantees of return if possible. Are there producst where I can remove my money if I need it in an emergency?

Thanks for your help

As you have correctly identified, there are numerous options available. However the more flexible the options the lower of a guarantee. Normally a Guaranteed product cannot be cashed in. Read the choices available and make a decision -- but most importantly read the small print -- every single piece of it. This will advise you of your options and as to who gets what from your investment.

Have a look at Post Office Bonds/Certs that are being offered.

Thanks for that.

I'm looking for something straight forward where I can alk in and invest the money and take it out again in 3 years.

Where would you recommend for the best rate of return?

Ballyman said:

Thanks for that.

I'm looking for something straight forward where I can alk in and invest the money and take it out again in 3 years.

Where would you recommend for the best rate of return?

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Post Office bonds are 3 yrs duration and 10%, which given it's tax free nature, is equiv. to 4%+ per annum.