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Save £50,000 for 1 year
Coupon_Queen_3
Posts: 85 Forumite
Hi can anyone tell me the best place to save £50,000 for 1 year?
Thanks
Thanks
"£2012 in 2012 Challenge", £14.68/£2012":j
0
Comments
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Probably A&L Direct Saver, but do do a search on here for 'direct saver' before you go ahead, as they do not pay interest for a month which you withdrawal, however, if you don't withdraw, 5.65% interest.
That's one easy way. But I would put 33k in there, and 17k into an ICICI or ICESAVE account (if you can actually open an icesave account!!) to get 5.45%.
I'd split it because of the FSA compensation scheme, just to be safe.0
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