£60,000 to invest for a friend

amandahugnkiss

Widower age 78 has received money from a deceased friend's will of £60k. Has given £20k to children and now wants to enjoy max return with min fuss......not interested in internet savings. Apart from Cash Isa (Halifax?) any suggestions? Standard Rate tax payer

Deemy

max return with minimum fuss ? - 3 year fixed rate bond from Heritable at 5.01%.

Could put part of it in say an instant access such as A&L 5.15%, so can have access for spending.

jem16

Deemy wrote:

Could put part of it in say an instant access such as A&L 5.15%, so can have access for spending.

Except for the fact that the OP said she was not interested in internet savings. The A&L 5.15% as far as I'm aware is an Online saver.

codetown

I would suggest to stay away from any fund.
At 78 you don't want any worries and even less want to care or understand what a fund is!

Much better to go with the highest interest rate you can get from a 'traditional' bank she can have access to locally or at best via post.
I would reccomend the Nationwide Monthly income 65+ , which gives 4.5% interest and a passbook and can be freely operated in a local branch and also has a card. So she can do whatever needed and still get the money out easily when needed!

Slightly lower interest than best internet savings, but very good for elderly people wishing real service in real branches.

luke101_2

These funds are no ordinary funds. They these funds are run by specialy trained traders for maximum profit. if she feels unease about it she can deposit just a small amount maybe 5% of her savings.

ReportInvestor

luke101 wrote:

These funds are no ordinary funds. They these funds are run by specialy trained traders for maximum profit.

Ours or theirs?

dunstonh

these funds are no ordinary funds. They these funds are..

OMG, a Marks and Spencers advert.

Apart from the fact its SPAM, it's also not regulated by the FSA, has nothing to do with the UK it doesnt even match your requirements.

codetown

luke101 wrote:

These funds are no ordinary funds. They these funds are run by specialy trained traders for maximum profit. if she feels unease about it she can deposit just a small amount maybe 5% of her savings.

But have you read the original requirements?
You are just making ludicrous suggestions and even if that fund is yours and even if you are the trained person, you are only attracting bad advertising on yourself [if I had any intention to invest in funds I would stay far from what you advertise just for the reason you don't listen in the first place!!]

Having received a request to help a 78 year person who does not want any fuss, suggesting to invest in a fund is criminal.

Amanda, go for the Nationwide traditional passbook saving.
It has a very good return (4.5%), zero risk and the solidity of Nationwide behind it. That is really a no-fuss good saving scheme for elderly people.