Advice on Redundancy Payout (where to put the money?)

Tra77

My dad has recently been made redundant, his payout was approx. £39K which has been deposited into his regular bank (Yorkshire Bank). Immediately bank contacted him trying to get him to invest in one of their high interest account. My dad has agreed to see them for advise, however he doesn't want to put the money into such an account whereby he can't access it for 2-3 years, as he doesn't yet have another job.
I've told him to leave the money in a regular account (until he's sorted with a job/his finances) however there will be other banks that can offer him a higher interest rate than Yorkshire. Though someone has told him that if he moves his money from his existing bank to another then he will have to pay a higher rate of tax - is this correct?

Any additional advise/suggestions would be most appreciated!

Sooler

Just go along and listen to what they have to say - but don't sign anything and take what they say with a pinch of salt - then compare products they suggest with others on the market to get the best.

May be put some into ISAs if this years allowances not fully used.