What can I do with £20k?

liamcov

Thanks for all the helpful responses guys!

My 8% account is indeed First Direct but as long as you have another product with them (bog standard savings account) then there current account is free (although need to pay in something like £1000-1500 per month.

psychic_teabag

liamcov wrote: »

My 8% account is indeed First Direct but as long as you have another product with them (bog standard savings account) then there current account is free (although need to pay in something like £1000-1500 per month.

AFAIK you avoid the fee by either holding a savings account or by paying in £1500 per month. I don't think you need to do both. (But I guess it doesn't do any harm...)

imafish

Sorry posted in wrOng thread

Ultrasonic

sleepless_saver wrote: »

Cahoot has a one year savings bond at 3.6% gross.

That account requires a minimum £25k deposit. There is one offered by United National Bank that gives 3.45% though with only a minimum deposit of £2k:

http://www.moneysavingexpert.com/savings/fixed-rate-savings

paddyrg

lend through ratesetter or zopa? Ratesetter 1 year bonds are paying 5.something%, although you'll make your own assessment as to whether you want to take a punt on it - it's not without risks.