Low-risk investment with easy access to your money?

Sumarokov

 I have around £150 K sitting in two bank accounts. I am interested in a super-safe investment (as I am up to my other ears in risky investments).

I used to love timed deposits (say for one week) in banks, as you still got a decent bit of interest ten years ago. Something along those lines is what I am searching for, i.e. super  low-risk and with decent enough access to your money at any time (well, certainly 10% of it).

Any suggestions?

aroominyork

Decent rate of return, super low risk, easy access. Yes, I have an idea. Find a solution and sell it to us. 

jimjames

I don't think what you want exists. Any fund/share/EFT can be accessed very easily but won't be super safe.
You can get 0.5% instant access, unlikely to get any better when base rate is 0.1%

Any reason why you need so much cash?

Voyager2002

Sumarokov said:

 I have around £150 K sitting in two bank accounts. I am interested in a super-safe investment (as I am up to my other ears in risky investments).

For that amount you are unlikely to find anything that pays enough to keep up with inflation without at least some risk. Premium bonds are the stock answer to this kind of question, and do check out National Savings, particularly if your age or anything else about you gives you access to products not sold to everyone.

Thrugelmir

If you've a reasonable time frame. Might as well buy £50k of premium bonds. Investments by their very nature carry risks. In the short term any upside is wiped away by the very real possibility of capital loss. 

kuratowski

If you only need to access c. 10% of the money at one time, then a set of staggered rolling fixed term savings accounts would be a possibility.  It really depends on how long you would be prepared to wait for some or all of the money.

Aceace

I use Loanpad for the portion of my funds that I'm only willing to accept the lowest risk with while still wanting to beat inflation. They've maintained access throughout covid.

grumiofoundation

Aceace said:

I use Loanpad for the portion of my funds that I'm only willing to accept the lowest risk with while still wanting to beat inflation. They've maintained access throughout covid.

Yes but I don’t think Peer to peer lending can be classed as “super low-risk”. 

Aceace

grumiofoundation said:

Aceace said:

I use Loanpad for the portion of my funds that I'm only willing to accept the lowest risk with while still wanting to beat inflation. They've maintained access throughout covid.

Yes but I don’t think Peer to peer lending can be classed as “super low-risk”. 

Agreed, but IMO Loanpad is the lowest risk you're likely to get without FSCS protection. 

Sumarokov

Thanks for all the advice. I am aged 50, generally like to keep things simple with financial planning.

quirkydeptless

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