Best place for £75000

Roundtable

Hi all.
Just looking for some direction on the best rate for 75K, would need access to it for some withdrawals.  Not looking to put this into stocks or shares as I want to be a little secure with this.

Any tips welcome, thanks 😊 

AnotherJoe

Look at the top of the page here and the links to savings accounts 

sebtomato

Premium Bonds is probably your best option (up to £50,000): with average luck over one year, you will get 1.4% interest tax free, money will be 100% secure, and money is accessible at short notice (a few days).

AnotherJoe

sebtomato said:

Premium Bonds is probably your best option (up to £50,000): with average luck over one year, you will get 1.4% interest tax free, money will be 100% secure, and money is accessible at short notice (a few days).

With average luck you'll get 1.2%. 

Albermarle

https://moneyfacts.co.uk/

Stubod

£50K in PBs, £25k in NSI Monthly income...job done..

sebtomato

AnotherJoe said:

sebtomato said:

Premium Bonds is probably your best option (up to £50,000): with average luck over one year, you will get 1.4% interest tax free, money will be 100% secure, and money is accessible at short notice (a few days).

With average luck you'll get 1.2%. 

With average luck, I would get the percentage right.

Albermarle

sebtomato said:

AnotherJoe said:

sebtomato said:

Premium Bonds is probably your best option (up to £50,000): with average luck over one year, you will get 1.4% interest tax free, money will be 100% secure, and money is accessible at short notice (a few days).

With average luck you'll get 1.2%. 

With average luck, I would get the percentage right.

The current return is 1.4% but the reality is that it is 1.2% + an infinitesimal chance of winning a million, which should be discounted when comparing PB's with other saving type products .