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a safe place for 200k
witty
Posts: 2 Newbie
Hi
I currently have 200k sitting in an Abbey on-line account.
I'm not happy with this for two reasons.
a) The interest rate is poor
b) The security of my money (I realise only 50k is protected etc)
I had intended to move it all to an NS&I 1 year bond, however these have since been withdrawn.
NS&I appeals to me because of the security so i am considering moving it to one of their income bond products for now until a better deal comes along. The income bond pays 2% PA which is still 4 times better than what i'm currently getting with Abbey.
Any better ideas? Note I'm not that keen on opening 4 separate accounts from various different lenders (to keep under the 50k limit), and i also don't want to get locked into a bond for more than 1 year.
Advice appreciated.
I currently have 200k sitting in an Abbey on-line account.
I'm not happy with this for two reasons.
a) The interest rate is poor
b) The security of my money (I realise only 50k is protected etc)
I had intended to move it all to an NS&I 1 year bond, however these have since been withdrawn.
NS&I appeals to me because of the security so i am considering moving it to one of their income bond products for now until a better deal comes along. The income bond pays 2% PA which is still 4 times better than what i'm currently getting with Abbey.
Any better ideas? Note I'm not that keen on opening 4 separate accounts from various different lenders (to keep under the 50k limit), and i also don't want to get locked into a bond for more than 1 year.
Advice appreciated.
0
Comments
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put £30k into NSI index linked savings certificates.
and the other £170k .... if you want good interest then I can't think of an alternative to spreading it over 4 accounts at banks/building societies0 -
NR is currently backed by the UK Government.
0
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