Where to 'park' £90k, short term..?

opinions4u

jabba42 wrote: »

http://india.deposits.org/accounts/bank-of-india-1-year-term-deposit.htmlphoned the Uk office, you can even open an account there

Brilliant.

The guy wants a home for his money for two months so you flag up a foreign currency 12 month term deposit.

Why?

jabba42

http://www.bankofindia.co.in/english/RupeeTermDeposit.aspx this one any better?

opinions4u

jabba42 wrote: »

http://www.bankofindia.co.in/english/RupeeTermDeposit.aspx this one any better?

How much will he lose by changing his money to Rupees and then back to Serling?

Utterly stupid proposition.

ColdIron

jabba42 wrote: »

http://india.deposits.org/accounts/bank-of-india-1-year-term-deposit.html phoned the Uk office, you can even open an account there

What an appalling suggestion

jabba42

You are right I should read properly next time.

MoneySaverLog

My Halifax online saver will pay 2.8% per year, a old account opened last August, but guess you don't have one of them.

I'd look at instant access in a known UK bank that's safe for up to 85K FSCS Protection.

Suggestions here: http://www.moneysavingexpert.com/savings/savings-accounts-best-interest#bestbuys where NS&I seem to be the best available now.

gkerr4

opinions4u wrote: »

Ignoring current accounts for a moment, what's better as an easy access savings product?

well, they guy has £90k so even the next one down at 1.75% from investec would at least save a tax return.

I think, though, that unless you are already in the self assessment regime, then the additional fraction of % you would get from NS&I (over the selection of accounts at the 1.5% level) wouldn't be worth the hassle.

I already do a tax return each year so it doesn't make much odds to me, but still, you never get out of them once you start them. I know that people can call the tax office and estimate the income to get a renewed tax code, but still, its common for people in this situation to end up being asked to get into the self assessment system.

2010

The people on self assessment are the only ones able to "fiddle" their tax.;)

socrates

Fair point about Investec

waiax73

I think you have to stick to a savings account. Why don't you just compare the interest rates with different providers?