Which savings account should I put £90,000?

LittleATS

I have £90,000 I wish to put into a savings account so that I can draw the highest monthly interest from. Any suggestions please.

Aegis

LittleATS wrote: »

I have £90,000 I wish to put into a savings account so that I can draw the highest monthly interest from. Any suggestions please.

I'd be more inclined to have 3 or more accounts with that amount of money, as your money then keeps the maximum level of protection against problems with the bank (if they go bust, your money is mostly protected up to a little over £30, the rest would be history).

I'd start using your ISA allowance every year if you haven't already, and with £90k it might be worth considering a Stocks and Shares portfolio to build up an income portfolio higher on average than you could get from even the top bank.

However, if you intended to go down that line, it would definitely be worth contacting an Independent Financial Adviser and getting a list of recommended options.