Santander 123

pardal51

hi all,

What do you recommend with £20K available.

Open Santander123 account to benefit from the 3% interested + cashbacks or;
Put the amount into a fund in my pension pot.

We do not want/need to use the money in the short-term (therefore inclined to go for the latter).

Please share your opinion.

thank you

eskbanker

Difficult to say without a fuller understanding of your age and other circumstances but assuming you have enough of an emergency cash buffer and you're already contemplating locking the money away in a pension, then the pension is likely to deliver a substantially greater return over the medium to long term.