£20k inheritance where to save it.

Richiea1

Hi there, am new to the website/forum.
I have just been fortunate to inherit £20k and wondered what the best rates of interest are currently to save this money.
I already have maximum Premium Bonds and Investement Bonds with NS&I.
I also have the Santander 123 current account.
Any suggestions great,y appreciated please.
Cheers, Richie.

badger09

Richiea1 wrote: »

Hi there, am new to the website/forum.
I have just been fortunate to inherit £20k and wondered what the best rates of interest are currently to save this money.
I already have maximum Premium Bonds and Investement Bonds with NS&I.
I also have the Santander 123 current account.
Any suggestions great,y appreciated please.
Cheers, Richie.

Have you read this?

https://www.moneysavingexpert.com/savings/which-saving-account/

if not, start there

xylophone

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

If you have 6 DDs, a couple of Tesco current accounts could be worth it for you.

You might also open a TSB Plus current account.

Have you ever had a Nationwide Flexdirect account? If not, might be worth considering. There is also a Flex monthly saver.

Alexland

Are you saving for anything in particular?

ValiantSon

It sounds like you already have a lot of cash savings, so you might want to begin to think about investments instead. I suggest starting some research on that. You might like to try http://monevator.com/ and http://diyinvestoruk.blogspot.com/ as some good starting points. Asking questions on here will also get you lots of help.

Terry_Towelling

What do you think about spending some of it and treating yourself?

Richiea1

Alexland wrote: »

Are you saving for anything in particular?

No just wanted to put it away somewhere and earn some interest. May be better to try investing instead I’m thinking.

Richiea1

Terry_Towelling wrote: »

What do you think about spending some of it and treating yourself?

Yes have done some too

xylophone

May be better to try investing instead I!!!8217;m thinking.

http://monevator.com/using-vanguard-lifestrategy-funds-life/

It may be worth looking at the Vanguard ISA.