maximum interest from simple deposit

VeryMan

hello!

what is the maximum interest I can get from simple deposit of 150k?

in 1-2 banks only please, not 10 accounts

thanks!

HappyMJ

VeryMan wrote: »

hello!

what is the maximum interest I can get from simple deposit of 150k?

in 1-2 banks only please, not 10 accounts

thanks!

2.1%...... Tesco fixed rate saver 5 years. One bank...one account.

It would give you an income of £262.50 per month fixed for 5 years.

I get about twice that but I do have more than 10 accounts split between my partner and I. I feel it's worth the effort.

xylophone

Presumably you would not wish to deposit £150,000 with any one institution except NS&I - deposits in income bonds with NS&I receive 1% interest paid gross monthly so £1500 over a year.

Other savings rates below.

http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

With regard to depositing the money in two bank accounts, even high interest bank accounts only pay the high interest rate on limited amounts of money, and that is far, far below £75,000.

polymaff

One Bank answer: Bank of Baroda: 2.38% AER

Protected: split between Bank of Baroda and Fidor: 2.415%

bigadaj

Depending on whether this is a sole or joint account of course.

colsten

Is this to deposit a £150K loan? http://forums.moneysavingexpert.com/showpost.php?p=70814369&postcount=1

polymaff

VeryMan wrote: »

hello!

what is the maximum interest I can get from simple deposit of 150k?

in 1-2 banks only please, not 10 accounts

thanks!

bigadaj wrote: »

Depending on whether this is a sole or joint account of course.

Another Spec-Savers moment. :rotfl:

..................

VeryMan

HappyMJ wrote: »

2.1%...... Tesco fixed rate saver 5 years. One bank...one account.

It would give you an income of £262.50 per month fixed for 5 years.

I get about twice that but I do have more than 10 accounts split between my partner and I. I feel it's worth the effort.

why this isn't in the list http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html ?

strange
also is it bond or I can move in/out any amount I want?

bigadaj

polymaff wrote: »

Another Spec-Savers moment. :rotfl:

..................

Well it's his parents money so I thought one of them might want to retain access to it!

Ballard

bigadaj wrote: »

Well it's his parents money so I thought one of them might want to retain access to it!

The intimation was that that money wasn't sterling as they'd complained at losing out on the fx rate. Mind you, there's no mention of currency on this thread either so who knows what's true.

ceredigion

VeryMan wrote: »

why this isn't in the list http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html ?

strange
also is it bond or I can move in/out any amount I want?

Tesco's is a modern company, and therefore have a website.
This is money, is the Daily mail. So is dependent on advertising