£500k to invest - need sub 90 day access to £400k

londonmark

Hi Folks

I have £500k knocking around following the sale of a house. I will need relatively unhindered access to £400k of that In case something else pops up but what do you recommend to max my return without risk?

Cheers
Mark

eskbanker

Put the £400K into National Savings Income Bonds, the only realistic option for temporarily holding large sums way above the FSCS protection limits.

For the other £100K, if you genuinely mean investing rather than saving, i.e. a long-term 10+ years plan, then passive funds are generally seen as a low-maintenance choice with various options according to your appetite for risk. Or you could open up a range of current accounts that don't involve capital risk and offer decent interest rates, but only on capped amounts of money, see https://forums.moneysavingexpert.com/discussion/5374614. These will only take you to something like £57K (more if you have a partner) with a fair amount of effort, you may find it easier to just put the £100K into the same National Savings account as the rest....

bobobski

temporarily holding large sums way above the FSCS protection limits.

Disagree: http://www.fscs.org.uk/news/2015/july/new-protection-from-today-for-temporary-high-balances/

eskbanker

bobobski wrote: »

Disagree: http://www.fscs.org.uk/news/2015/july/new-protection-from-today-for-temporary-high-balances/

True, I probably shouldn't have included 'temporarily' but OP doesn't have a specific end date in mind anyway so the recommendation still applies.