over 65 with 16.5k lump to invest

[housebound]

My parents had 15K in a 3yr state saving bond that matures on the 4th feb and so is now worth 16.5K. I have been looking at the options for them to reinvest this and am a bit confused between whether they are best going the 3yr bond, 5 yr cert, 4 or 10 yr solidarity bonds etc.

As my dad is 65 would the solidarity bonds be best as would being 65 automatically exempt them from dirt? or does the fact he is 65 mean it wouldnt make sense investing in a 10yr bond due to his age? should they be looking beyond the state saving schemes?

In summary ...Can anyone advice as to how best they should reinvest this 16.5K?
Thanks!

 

[Lightning]

A 10 year term deposit might not be best suited to someone who is elderly.

You will get a better return the longer the State Savings period. You just need to decide what term suits you best based on your projected financial requirements.