what is the best place to put £50k in savings
I require to be able to access the savings at fairly short notice
Report
Follow this topic
Q&A » Savings
Retweet
Comments (
FacebookComments (3)
-
41lovelindstrom postedHi Steveherts
Investec High 5 seems like a pretty good deal, if 3 months notice would work?
It's an unsual savings account in that it pays the average of the 5 highest interest rates - so you know you're always getting a competitive deal. Minimum deposit is £25,000 (probably why they can offer such a nice rate, other than the notice period). At the moment, the AER is at 3.32% gross.
Posted on 14 January 2010 |
Love 1 love
Report
-
41lovelindstrom posted
Whoops! You can find the link in our savings table http://www.lovemoney.com/savings/.
Posted on 14 January 2010 | Love 0 loves
Report
-
804MikeGG1 posted
Don't forget that £50,000 is the compensation scheme limit for a single person and that includes accumulated interest.
If there are 2 of you then there would be no problem. If only you then split it. Perhaps you might be able to commit one part for a bit longer and earn a higher rate.
Mike
Posted on 14 January 2010 | Love 0 loves
Report
Post an answer
Sign in or register to post an answer.
Something you're dying to ask... or answer?
Register with lovemoney.com to start asking and answering questions on Q&A.
Get started nowSign in for a better Q&A
Registered already? Great! You can just sign in to ask and answer questions.
Sign in