Best safe investment for a current £100,000 + cash ISA

anthonypridding

Any ideas or suggestions gratefully received.

tacpot12

It is likely that the best safe investment for a cash ISA that currently has £100K+ in it is where it currently is, unless there is something you don't like about the provider. Who is the provider and what interest rate are you receiving on this ISA? 

masonic

It depends what you mean by 'safe', and how long you plan to invest this money.

eskbanker

If you mean that you currently have over £100K in one or more cash ISAs, are you looking for more of the same, i.e. protected deposits in savings accounts?

https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
https://www.moneysavingexpert.com/savings/best-cash-isa/
will give plenty of options according to how long you're happy to lock the money away for.  Premium Bonds are currently competitive for £50K if you're prepared to lose the ISA shelter for that much.

If, however, your reference to 'investment' was in the literal sense (funds, equities, etc), you may find that it's prudent to invest at least some of it to avoid loss of real-terms value to inflation, depending on when you're likely to need access to it....

anthonypridding

long term and Barclays unfortunately

masonic

anthonypridding said:

long term and Barclays unfortunately

If long term, then inflation risk becomes a concern if you remain in cash. Cash should be used for anything you'll need to access within a few years, the remainder could be transferred to a S&S ISA (guide: https://www.moneysavingexpert.com/savings/stocks-shares-isas/), whether that's in a multi-asset fund at an appropriate level of risk, or using a robo-adviser service (if you don't know where to start, perhaps the latter is sensible at least at first). You could also consider getting financial advice from an IFA at that level of investment.

Albermarle

if you gave more info about yourself rather than just a one liner , then you will get much better feedback .