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Best account for £60k
JEZ_222
Posts: 6 Forumite
Hi all,
Need some advice. I have £60k set aside for home improvements and living costs for the next 5yrs. I need to be able to get at this money anytime but also need a decent interest rate (3%+).
Any thoughts much appreciated,
Cheers
Need some advice. I have £60k set aside for home improvements and living costs for the next 5yrs. I need to be able to get at this money anytime but also need a decent interest rate (3%+).
Any thoughts much appreciated,
Cheers
0
Comments
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Keep wishing!0
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Keep wishing!
What this poster said.^^
Could think about a couple of Santander 123 accounts, but there are strings attached.
NS&I Income Bonds."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
What about if i divided the money into 3 seperate bank accounts?0
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oh and forget about the 3% requirement for now0
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I had £200K at the end of last year thanks to home sale and couldn't get 3%!
Max your ISAs, use the link on here for accounts, the santander current account pays 3% but there is a max balance,but if you want easy access then 3% isn't that achievable.
Also check the rates of any existing savings accounts, we moved our cash about a bit as my personal halifax savings account was 2.8%. (Alas even that ran out in april. )0
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