Looking for a high interest account

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  • jimjames
    jimjames Posts: 17,625 Forumite
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    There are no high interest accounts in the UK but Ulster bank has 1.25% which is about the highest right now if you just want to deposit cash and not take any risks.

    I wonder if you're looking in the right place then. All my money is in the UK and I get an average of 4% interest. Maybe not suitable depending on inheritance size and almost certainly not of use for someone outside UK but there are definitely high interest accounts available in UK.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • teddysmum
    teddysmum Posts: 9,471 Forumite
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    jimjames wrote: »
    I wonder if you're looking in the right place then. All my money is in the UK and I get an average of 4% interest. Maybe not suitable depending on inheritance size and almost certainly not of use for someone outside UK but there are definitely high interest accounts available in UK.
    The problem is that they have quite small allowances at the good rates.
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