House sale today

tomandkath

I have the money from selling my Mother's house through today. I half-heartedly applied for a fixed rate account with the Cheshire Building Society but believe the rate dropped yesterday! Can anyone suggest my best course of action (not including sharing it with you!) Was hoping Nationwide were going to offer something decent to savers sometime soon, so should I just divvy it up into ordinary bank accounts and see what's what in a bit or go for a 3ish% fixed term rates? Any advice welcome please

RayWolfe

Have a look here:
http://www.moneyfacts.co.uk/money/savings/0/savings-accounts-finder.aspx

earlgrey_3

If you're talking about £200K+ and you don't know anything about investment then, although it's dead boring, you'll need to do some reading. The FT and Which used to publish reliable stuff.

Once you have some idea of what it's all about, and not before, you might want to see several IFAs - but always keep in mind that the majority work on commission in one way or another, even when they call it "fee-based" or similar, so the more they persuade you to invest the more they earn. They can certainly be helpful but never forget they are primarily salesmen.

The other way it to find an adviser who charges per hour or per transaction regardless of the amount.