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£100K plus: recommendations?

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

  1. Tied up for no more than a year.
  2. 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.

Reply to
Terry Pinnell
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30k in Premium Bonds?

You might get zilch return but then again.........

Reply to
Amanda Fennel

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

Reply to
Derek F

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Reply to
Ian Jackson

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

Reply to
Rob

Reply to
tim....

Thanks all, appreciate the advice.

I think I'll start with Rob's suggestion of a 'comparison' site.

Reply to
Terry Pinnell

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