Best investment in the high street

Rondetto

Hi, I have £50.000 in a cash ISA which is only 0.01% interest. Is there anywhere on the high street that I could get a better interest rate and at the same time be able to get
to my money If ever I needed some of it.

george4064

Have a proper read through; https://www.moneysavingexpert.com/banking/

Come back here with any questions if you have any.

Another_Saver

Rondetto said:

Hi, I have £50.000 in a cash ISA which is only 0.01% interest. Is there anywhere on the high street that I could get a better interest rate and at the same time be able to get
to my money If ever I needed some of it.

For that much cash you may as well try premium bonds.
But it's already in an ISA so it would feel like throwing it away to not transfer to an S&S.

Thrugelmir

Do you wish to save or invest?  Very different connotations. 

Rondetto

Well. I'm new at this. I was left this money in a will. I have no immediate use for it but you never know, when circumstances change I might want a holiday etc. Meantime, I watch Martin's show every week and am sure I can get better than 0.01% interest.  I am 73 and can't go traipsing around so was hoping there might be a bank or building society locally I could bet a better rate. I'm with Nationwide now and that's the best rate they can give me with an instant cash ISA.  I do appreciate any help.

tacpot12

Your best option might be a Building Society, but finding branches will very much depend on the town/city you live in. 
You will struggle to get above 0.01% on the high street, and for such a small improvement as you might get, I do wonder if it is worth it. There are hassles to moving money around. 

If you are able to use the internet, you might be able to find slightly better deals, or buy premium bonds instead. 

colsten

moneyfacts.co.uk

Exiled_Tyke

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

Some good choices here. Personally unless you are already breaching your tax free savings-interest limit (£1,000 or £500 depending on your tax bracket) I wouldn't be fussed about the ISA status.  There are generally better non-ISA deals than ISA at the moment. 

Dazed_and_C0nfused

You will struggle to get above 0.01% on the high street, and for such a small improvement as you might get, I do wonder if it is worth it. There are hassles to moving money around. 

I think that's a little pessimistic.

Depending on where the op lives Hinckley & Rugby are offering 0.75% and 0.6% on a couple of Notice accounts and Furness have 0.50% on an ISA and even 1% on a fixed rate ISA, albeit that one's tied up for 3 years.

Rondetto

I don't mind splitting it up and maybe putting £25.000 in a 3 year deal and £25.000 in a 2 year deal.

Stubod

I would go with maxing out on Premium Bonds...