Where to put £5500 for 3 years

Staceyp0301

Hi.. I’m looking to put around £5500 away for about 3 years as a gift for my daughter. I may want to add a little to it while it’s squirrelled away. I don’t want to risk losing it on stocks and shares. Can anyone suggest a safe scheme or bank that may accumulate a few £’s while I don’t need it ?

etienneg

All the information you need is easily found if you click "Banking and Savings" at the top of this page, which will take you here:

Savings accounts: 0.5% easy access or up to 1.66% fixed (moneysavingexpert.com)

etienneg

All the information you need is easily found if you click "Banking and Savings" at the top of this page, which will take you here:

Savings accounts: 0.5% easy access or up to 1.66% fixed (moneysavingexpert.com)

Stubod

..the best 3yr fixed rate you can find....

Brie

Premium bonds?

Albermarle

Best 3 Year Fixed Rate Bonds Up to 1.31% Fixed | moneyfacts.co.uk

threlkeld53

Kent Reliance and Oaknorth Bank are offering 1% for a fixed term of 12 months.
After the 12 months, you could always keep it going for another year and then of course for a 3rd year. There is a good possibility that the interest rates are on the slight increase.