Dollars

[swindontony]

I'm going to America in December and i've been thinking of buying my dollars now because of the good exchange rate. What I want to know is could I invest them somewhere so that they can earn interest for me. Thanks in advance.

[morg_monster]

I think a lot of the banks have foreign exchange bank accounts, but they are just for convenience and don't have much interest, so you may be better off investing the sterling in a 4 or 5% savings account. 

Also, although december is a while away, I have heard that most people in the know don't think that the dollar is likely to increase in value again by very much in the near future, mainly because the US government isn't bothered by the fact it is worth little at the moment so won't take any steps to increase its value. BUT I'M NOT AN EXPERT

So my main point is - you aren't likely to make much interest on it in a dollar account and may even incur charges.  And, in the time to december the fx rate may not change much - or at least not compared to the interest you could get on a sterling savings account. something to think about anyway. why not write to a sunday paper financial section? the Times is pretty good.