Wanted - High Interest Account

KB38

An elderly relative has just sold her house and moved to sheltered accommodation. She has around £100,000 that she would like to put into a bank account - preferably with high interest earning potential. She doesn't need access to it on a regular basis. Any suggestions would be gratefully received.
Thanks

Steve_xx

ING Direct pay 5% on just £1. Also the interest is credited monthly to the account. Here is a link:
http://www.ingdirect.co.uk/html/aboutsavings/interestrates.html

Alliance & Leicester pay 5.35%, but there is a limit of £25,000 in the account. Here's the link:
http://www.alliance-leicester.co.uk/savings/index.asp?page=home&ct=flashsecondaryonlinesaverearn535percentbestbuyl

Halifax Regular Saver pays 7.07% but there's a limit to how much you can put in and it has to be put in on a monthly basis. Here's a link
http://www.halifax.co.uk/savings/regularsaver.shtml

Don't foget that she can invest £3000 in a cash ISA which would be free from tax. Here's a link to a page showing rates for these accounts:
http://www.thisismoney.co.uk/saving-and-banking/best-savings-rate/article.html?in_article_id=394169&in_page_id=50

Edinburghlass_2

I am going to copy this thread across to Savings and Investments for further suggestions

Peter-Pan_5

Hi Edinburghlass have a look at the Northern Rock Silver savers

over 50s only paid monthly £ 10000 min. , with a passbook Branch based in

Castle Street 20 metres up from Princes Street.,5.10 gross.

Walletwatch

Steve_xx wrote:

Alliance & Leicester pay 5.35%, but there is a limit of £25,000 in the account. Here's the link:
http://www.alliance-leicester.co.uk/savings/index.asp?page=home&ct=flashsecondaryonlinesaverearn535percentbestbuyl

Isn't that 2500 instead of 25000?

Reaper

The A&L Online Saver has a limit of £25,000 and pays 5.35%. See this page.
The A&L Premier Plus Current Account has a limit a £2,500 (for the 5% interest rate), but I don't think that was the one Steve_xx was talking about.

Steve_xx

Walle****ch wrote:

Isn't that 2500 instead of 25000?

It is as I originally stated. Had you clicked on the link I offered then you would have noted that it was so.