Â£100K plus: recommendations?

Question

I'm tidying up various smaller stock investments and would ideally like to place the total of over £100K into an instant access savings account with a high interest rate that protects the entire amount!

As that ideal is unfortunately non-existent I'll have to compromise and would appreciate any recommendations please. My priorities are

Tied up for no more than a year.
Competitive interest rate for over £100K

Presumably I'll have to split it into two separate investments if I want to protect more than £85,000? Unless NSI (with unlimited protection?) offer anything competitive?

I have other savings too, so I'll obviously have to consider those re the protection issue when it comes to specific accounts.

Amanda Fennel · Accepted Answer

30k in Premium Bonds? You might get zilch return but then again.........

Derek F · Answer

I've average over 3% in the last two years. Derek

Ian Jackson · Answer

In message , Derek F   writes

Rob · Answer

I'd just take a look at one of the money comparison sites. Expect about

3.5% gross, and yes, split the amounts across non-linked protected institutions.

I did have the dubious pleasure of 3 hours with a financial adviser. It all looked like grades of gambling to me, with very little even potential advantage over a straight down the line building or bank savings account.

I Am An Utter Novice.

Rob

tim.... · Answer

"Ian Jackson"  wrote in message  news:

Terry Pinnell · Answer

Thanks all, appreciate the advice. I think I'll start with Rob's suggestion of a 'comparison' site.

Â£100K plus: recommendations?

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