Which Account

ince_mon

I've got between 50 and 55 thousand pounds in a Halifax account which i will be withdrawing shortly due to the account rate plummeting. Where is the best place to put this amount of money for 2 maybe 3 yrs.
Thanks in advance.

innovate

Same sort of accounts that people can put in their £50K, £30K, £70K....

ince_mon

innovate wrote: »

Same sort of accounts that people can put in their £50K, £30K, £70K....

And which accounts would they be,pal.;)

chickenboy

Your best bet is clearly to have 2 Santander 123 accounts paying 3% each. That takes care of £40K.

After that, I would recommend getting 4 Nationwide FlexDirect accounts paying 5% on 2.5K each. That takes care of another £10K.

After that, you are into multiple Classic Vantage accounts from Lloyds, Bank of Scotland, and now TSB (except the tsb now call it Enhance rather than Vantage).

opinions4u

You can play the current account game in the post above.

Beyond that look at maximising ISA allowances. Halifax might not e a bad place to tie your money up for two years, but expect less interest than you've previously earned.

Start with links at the top of this screen.