Novice wanting inheritance savings advice

PropertyDan

First time here so go easy on me, I will try and be concise;


Myself and my Aunt recently inherited a property from an elderly relative. It has now been sold and after splitting a small percentage of the money we are left with 120k.
We have an ongoing family obligation/agreement to step in and financially support another relative should their care costs continue/escalate.
So we are left in limbo, we are both in agreement that we should leave the lump sum together until such time that it is confirmed that that we do not need to supplement care costs, or when the need arises we are able to settle the costs cleanly from the funds available, splitting them down the middle between our two families agreement to help, yet this situation could go on for years, so we are equally seeking that the 120k earns some form of interest.
So basically what can we open jointly that will offer a decent interest, yet allows us flexible access?
TIA Dan

kidmugsy

(1) Consider whether buying an Immediate Needs Annuity for your relative would satisfy the obligation, and then the two of you could split what's left over.

(2) Other than that, you could open some interest-bearing current accounts, including joint accounts. Lloyds Club, Nationwide Flexdirect, Santander, TSB, etc, etc. See the relevant boards.