£25000 - where shall I put it?

BrookesAndrew

Hi there,

What bank account or saving account would be best to put £25,000 in? I don't mind spreading it around a few different bank accounts and to be honest I don't need the money at time soon so could have it in an account where I can't access it for a year or two.

Any help on this would be great, thanks.

eskbanker

Spreading it over multiple 3-5% current accounts and regular savers is likely to maximise your return, with fixed term products also an option once you've filled those.

Further details at
http://www.moneysavingexpert.com/savings/which-saving-account
http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

BrookesAndrew

Thank you for your response on this.

amblonia

Have a look at Oaknorth.
1 Year fixed rate @ 2%
2 Years fixed rate @ 2.28%

Madfool

Bitcoin - if you fancy a gamble.

george4064

Madfool wrote: »

Bitcoin - if you fancy a gamble.

The OP has specifically asked for bank/savings accounts, Bitcoin is neither of them. So don't suggest inappropriate options.

On topic: My suggestion is to have a thorough read of MSE's page about saving into bank accounts, here: http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

badger09

Madfool wrote: »

Bitcoin - if you fancy a gamble.

Having just had a very quick look at some of your recent posts, I'm surprised you're recommending something which you refer to as a gamble:(

OP please ignore this and stick to the savings accounts in eskbanker's links.