£80k to Invest - suggestions please......

mintywoo

Over 12 months ago I sold my house and currently have just over £80k to invest. At the time, I put the money into a High Interest Savings account with HSBC. I am happy with the interest I get, but I am sure that I could be getting more from elsewhere - but where?

Can anybody suggest where it could go? I want to be able to access it with a little warning (as I use it for holidays). I don't want to put it anywhere that involves 'risk' as I will need it again to buy another property with my beloved! I also don't mind choping it up and putting it in a number of places.

Thank you
???

Tayus

Give it to me ;D

Peter-Pan_5

Have a look at Nationwide e-savings 4.75%, 5% on 1 st

Sept. or Ing 4.85% monthly interest

ED

5.40% gross is offered by Birmingham Midshires (a division of Halifax plc) for their newly available online a/c. (This includes a half-percent bonus for the 1st yr.) Penalty-free instant access to funds via transfer within a few days. Here's the link :

http://www.askbm.co.uk/askbm.asp

Having recently applied (swift response), I've just tested log-in, and it worked very well.

5.85% gross interest is offered by Derbyshire Bdg Society (effective Sept 1st, currently 5.65%) for their regular, monthly savings a/c. This site's Martin Lewis has written an excellent article about it, here :

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1092602115,12117,

(Please Copy–and–paste the above line into your browser, if the link doesn't work.)

You could feed £1,000 per month into that a/c. One penalty-free withdrawal is allowed in a 1-yr period (eg. when you complete your house purchase).

Or perhaps you don't want to set up a Standing Order or Direct Debit in order to secure an extra 0.45% gross interest…? Perhaps the first consideration is how many months you anticipate waiting before purchasing a home with your beloved.

Seamus

I'm a higer rate tax payer whilst my wife is a basic rate tax payer. I always put any of our savings in my wife's name so I don't have to pay higher rate tax on the interest.

lisyloo

Cahoot are currently paying 5.65% but be quick as the offer closes soon.