Best way/place to save

tazdevil37

we are looking at selling our home and downsizing and will probably have around 100k to bank (fab ay) but we need some advice as to the best way to save the money to gain the best interest on it so.

zippychick

Hi i've moved this to our savings board for you
Hi, we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email [EMAIL="forumteam@moneysavingexpert.com"]forumteam@moneysavingexpert.com[/EMAIL].

Zip

bigadaj

tazdevil37 wrote: »

we are looking at selling our home and downsizing and will probably have around 100k to bank (fab ay) but we need some advice as to the best way to save the money to gain the best interest on it so.

Short term then you need to stay in cash. Longer term then stock market investment might give better returns, you probably need to state your aims and situation in more detail to get more relevant comments.

You can put your money into multiple current accounts paying 3-5% which are far better than any savings or cash isas.

Numerous references in these boards to teh accounts with Santander, nationwide, lloyds tsb etc.

RickyC_IFSWP

tazdevil37 wrote: »

we are looking at selling our home and downsizing and will probably have around 100k to bank (fab ay) but we need some advice as to the best way to save the money to gain the best interest on it so.

Congrats. As bigadaj rightly mentions, you need to provide more information, such as the timeframe you're looking to save/invest, your ages and your incomes.