Save my money please

hiitsme_2

Hi i have 100k i wish to invest in to instant access accounts

so far i have managed to invest 7k of it

Here what i have done so far

7k lloyds vantage account 1 year 4%
1k standing order in and out in to the halifax to get the 5 pound a month
the rest is in sainsbury savings at 2.57% waiting to be invested

lets see who can do best

thanks

jamesd

Do you really require only instant access accounts or are you willing to wait a few days for a BACS transfer instead of requiring instant access from an ATM or over the counter?

xrjtg

Another £14000 in two more Lloyda Vantage accounts is a good place to start if you can get them. After that the best no-notice savings rate available at the moment is 2.8% with the AA. There's a good article about savings accounts on the main site though.

edinburgher

Are you looking for savings, investments or a blend of both? Because you talk about having money 'waiting to be invested', but the two are mutually exclusive

£100k strikes me as a lot to have in cash savings, as inflation will damage your return a lot quicker than a mix of savings and investments (assuming your investments outperform inflation).

hiitsme_2

instant access i mean not locked, can be within 7-10 days no problem

i tend to invest in property but because of the market i am holding off until i get an amazing deal.

another 5 lloyds accounts sorted me and mrs

thanks for that didn't know about the three

i like the AA route but was looking for some more than 3%

hiitsme_2

OK here is where we are

1000 - 3 x Halifax Rewards total investment 1000 - income £15 per month
10000 - 4 x santander current account 5%
42000 - 6 x lloyds tsb 4%

Total 53000

any ideas left for the 47000

xrjtg

It doesn't strike you that you're being a teensy bit lazy hiitsme? There is a good article about this on the main site.

You can do a bit better than what you have above: the £1000 only needs to be in the account for a tenth of a second, so you can send £1000 from outside Halifax round the accounts by Faster Payments/internal transfers in a few minutes once a month.

cashbackproblems

Why not put some of it in funds which have a good history of high performance e.g. 5%+ and the rest in the above instant access accounts? Also personally iwouldnt bother opening loads of different ones just find the one highest paying account e.g. AA/ING.

hiitsme_2

MY wife would agree with you, i am lazy.. any chance of the link to the artice

xrjtg

There's one at the top of the page: hover over Banking/Saving and click Top Savings Accounts. It's actually easier than asking us for help.

Onawingandaprayer

To make things really easy, send me the money and I'll open all the accounts for you.:D