Best savings return for £60-80k?

lurch003

Hi guys
Am after some advice. My father has withdrawn some capital from his SIPS pension as it wasn't performing well. He's got £80k to play with and wondering what would be the best way of gaining interest for that amount? He'll possibly require access to £20k so would either be looking at £60k fixed or £80k with access to.
Not interested in investing as he's been burnt before and isn't keen to do it again.
Thanks in advance
Lurch003

shinytop

How about this


https://www.investec.com/en_gb/savings-accounts/notice-plus.html


95 days notice with immediate access to 20% at 1.7%. Not quite £20k but close. It epends how long he wants to tie it up for - he could get a little bit more for a 1 year plus rate.

arwain

Would your dad be prepared to jump through a few hoops to enable him to open a few regular savings accounts? Rates or these vary from about 5% down to 2%. I save about £5k a month into these, most of them funded from a Santander 123 account which I get 1.5% on, this is topped up every month from money I cash in from Premium Bonds. Its a bit of a pain to have to do all this hoop jumping to get a semi decent rate of return with no risk, but it is what it is.

Albermarle

Not interested in investing as he's been burnt before and isn't keen to do it again.

Seems odd as the last 10 years have been very good to investors .

ffacoffipawb

Albermarle wrote: »

Seems odd as the last 10 years have been very good to investors .

The past is no guide to the future.

TREVORCOLMAN

Albermarle wrote: »

Seems odd as the last 10 years have been very good to investors .

What about Woodford?

Albermarle

What about Woodford?

Maybe the exception that proves the rule?