Which savings products best for me

Thecraftybutcher

Hi all. I am a property developer who intends to take a break so I have been selling up. I have substantial savings with more coming in soon. I want to make maximum return with little risk... Initially I will have around £260k I won't need to touch for 2 years and another £20k or so I would need instant access to. There will be another £180k within next few months however I would need around £120k of this for another project but 60 day access would be fine for this. The remaining £60k could sit for 2 years also. I looked at Tesco fixed 4.77% but I know I would have to spread in £85k chunks. My other concern is... If I commit to this and interest rates plummet, will that 4.77% drop too or is it fixed and do I have to commit if they do drop it? Thanks in advance for any help. 

Bigwheels1111

Fixed is fixed for the term, except for eg Gatehouse which gives expected profit.
But no Islamic bank has failed to pay expected profit so far.
Only save 80k each max in multiple accounts as FSCS protection is 85k max, 
So 85k plus interest would be say 89k and you could loose 4k.
Im holding off for 2 more boe base rate rises.
Al Rayan 2.81% , Gatehouse 2.80%, Santander 2.75% All easy access. Rate can go up or down.
Al Rayan 20k a day withdrawal limit per day.
Look here for todays rates. Un tick the box top right.

https://moneyfacts.co.uk/

Neil_Jones

Clue is in the name.  Fixed.

If you sign up at 4.77% that's your rate for two years.  One payment only.  No withdrawals. 

That's the risk you take with fixed accounts.  If other accounts go the "wrong" way (ie up and you could have done better), then sucks to be you.  If other accounts go the "right" way, you're laughing all the way to the bank.

eskbanker

Bigwheels1111 said:

Al Ryan 2.81% , Gatehouse 2.80%, Santander 2.75% All easy access. Rate can go up or down.
Al Ryan 20k a day withdrawal limit per day.

OP, don't go searching for 'Al Ryan' unless you're looking for this guy: https://www.bbc.co.uk/programmes/p02dk74p

Al Rayan is the name of the bank....

Bigwheels1111

eskbanker said:

Bigwheels1111 said:

Al Ryan 2.81% , Gatehouse 2.80%, Santander 2.75% All easy access. Rate can go up or down.
Al Ryan 20k a day withdrawal limit per day.

OP, don't go searching for 'Al Ryan' unless you're looking for this guy: https://www.bbc.co.uk/programmes/p02dk74p

Al Rayan is the name of the bank....

Sorry mis spelt, iPad correction.

Albermarle

 I want to make maximum return with little risk...

That is pretty much everyone's objective.......

However to have a chance of maximum return you need to take risk, in the stock market, property development etc