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£123,000 in put into savings account - best monthly income
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Cautious_Investor wrote: »ICICI Bank and Aldermore are offering similar rates at the moment, I believe both accounts allow the interest to be paid as 'income'.
I went with Aldermore myself, found it easier to open account and confirm id online rather than having to obtain certified copies of various documents that ICICI were asking me to provide.
Put what he is willing to spend on a caravan in a easy access account like the AA that pays 2.8%.
Only if he is sure he wont need access to the rest then split it between a number of fixed rate savings bonds, keeping the total amount in each below £50K.Never let the perfume of the premium overpower the odour of the risk0 -
Stick the maximum you can into premium bonds?0
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