Help my friend with her inheritance of £110,000

xylophone

Perhaps a one year bond with Investec, (£54,000), a one year bond with Charter Savings Bank (£50,000) and a couple of Tesco current accounts (£3000 in each) to hold some cash to spend over the year away?

She might have some more perspective when she returns - her cash will have earned a reasonable return during the period away?

http://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html

jimjames

HelpwithESA wrote: »

I appreciate that you guys are looking out for me, but she's one of my best friends and not the type who'd ever blame someone over advice given.

HelpwithESA wrote: »

So I was thinking perhaps easiest for her would be to put about £100,000 in the 1 year fixed rate Bank of Barodo,

Much as I can see you trying to do the best for your friend, I think if you recommended an option that meant she could lose £25,000 could very well end up with blame coming your way. If she is abroad and has no easy way to deal with any banking issues it doesn't sound like great advice to go above the FSCS limit on a single account.