Where to put £10k for 1 Year?

JPin

I have maximised all regular savers etc, I have a pot of £10k left that I want to leave for one year, what are my options? Also do Raison etc offer any bonuses to switch savings to them? 

blue_max_3

Premium bonds?

JPin

blue_max_3 said:

Premium bonds?

I think that may be my only option. 

Speedster2

I've won nothing on about that amount in nearly a year with Premium Bonds. It's safe, but then any deposit up to £85000 is safe in a UK bank anyway.
So according to the latest MSE advice here https://www.moneysavingexpert.com/latesttip/
- -  Vanquis1 year fix @ 1.6% AER if you DEFINITELY don't need access for a year or
- - Saga (Marcus) 1 year fix @ 1.45% if you may need access.
 Some notice accounts also fall at around 1.4% rate for 90/95/120 days notice to withdraw according to Savingschampion.co.uk best buy tables.

NewYorkNo1fan

JPin said:

I have maximised all regular savers etc, I have a pot of £10k left that I want to leave for one year, what are my options? Also do Raison etc offer any bonuses to switch savings to them? 

Have you paid into a cash isa this year 20/21?
Aldermore are still offering 1.3 % tax free On a 30 day notice cash isa. 

It’s a flexible isa so you can still have access to the money if you give 30 days notice AND whatever you take out, you are allowed to replace into the account during this same tax year and it doesn’t count as new money.

Great customer service btw. 

JPin

Just found out my Coventry regular saver @2.5% is dropping which is another blow. Outisde of the 1.6% account premium bonds are the only alternative.