good account for large sum, quick access?

Nov 29, 2005 9 Replies

I have a large sum of money (about £140k) to invest from the proceeds of the sale of my flat, and have bought a house which needs a lot of renovation (and money spent on it).



I am looking for an account that will give me a good amount of interest, yet will allow me to withdraw money when required (ie no lengthy notice period).



Does anyone here have any suggestions as to a good financial product for me? or maybe a web-site which compares products.



Thanks very much.



ingdirect

Remove antispam and add 670 after bra to email

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I am looking for an account that will give me a good amount of interest, yet will allow me to withdraw money when required (ie no lengthy notice period).

Does anyone here have any suggestions as to a good financial product for me? or maybe a web-site which compares products.

Thanks very much.

Despite what the rest of the group may think for me its still icici bank....ing next.....halifax websaver after that in order of highest interest rates. No notice required...just operation via the net and a current account from which all transactions are debited and credited.

ICICI bank HiSave Acct. 5.15%

I am looking for an account that will give me a good amount of interest, yet will allow me to withdraw money when required (ie no lengthy notice period).

Does anyone here have any suggestions as to a good financial product for me? or maybe a web-site which compares products.

Thanks very much.

Bitstring , from the wonderful person Joseph Sanderson said

For the google-y impaired:-

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If you are paranoid don't put more than £35k (£70 for joint accounts) with any one institution.

For all interested, I have visited this site:

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for several months now, and its articles and forums might interest people subscribed to this newsgroup. It is run by Martin Lewis, whose book, the Money Diet, was recently top on amazon UK's bestsellers chart.

Buy from Amazon (Affiliate link; proceeds go to charity):

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34&creativeg38&path=ASIN%2F0091906881%2F

I should have realised what was coming when GMTV was mentioned, and again when the first thing to load on the website was a picture of him striking a pose. I read his biography - "Martin Lewis is the UK's only Money Saving Expert.". Which denigrates the efforts of every person and organisation in the UK who ever offered money saving advice.

No, Martin Lewis is an arrogant self publicist, prone to exaggeration, in my opinion.

You almost caught me out there; looking at your record it's clear that you're a spammer -

Daytona

Daytona ( snipped-for-privacy@privacy.net) gurgled happily, sounding much like they were saying :

They do say that charity begins at home...

Maybe. Forum is great either way and the advice is free.

I must admit I am sick of hearing his over-enthusiastic common sense appearing just about everywhere the media need a "defender of the people's money". But it's hard to criticise him too much given the incredible ignorance of many (perhaps most) people on even basic financial matters.

Andrew McP

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