Moving instant access to several fixed rate bonds

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I have opened a 1 year (4.35%) and a 2 year (4.5%) fixed rate savings bond with Atom, but rather than putting large amounts into these I am thinking of opening fixed rate savings every month or so. So for example, if I have £50000 in Santander instant access at 2.75%, i would look at £10000 in each initally, then start a new 1 and 2 year fix every month or so so they would start maturing in a years time but i would still have money in the instant access if needed.
At the moment I have maximum in premium bonds, and any winnings go into current account, then transferred to Santander instant access at 2.75%.
I have looked at investing but I am too cautious to take it further, even though I understand that savings interest is nowhere near inflation rate and I could be losing in the long term, but do not want to risk any capital.
Are multiple fixed bonds a sensible option?
At the moment I have maximum in premium bonds, and any winnings go into current account, then transferred to Santander instant access at 2.75%.
I have looked at investing but I am too cautious to take it further, even though I understand that savings interest is nowhere near inflation rate and I could be losing in the long term, but do not want to risk any capital.
Are multiple fixed bonds a sensible option?
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Maybe a good idea to look at this from another angle. Should a cautious or sensible person keep large amounts of money is savings accounts, knowing that they will lose money ( in real terms).
It would actually be less risky in the long run to have a mixture of investments and savings, so that is what a cautious person should do. Investing via a pension can sometimes be the best way.
Do you have a plan for the money, a large future purchase or is it insurance for a rainy day? Do you have your pension sorted or are you already retired?
I am retired with a decent pension and I do exactly as you have suggested with my surplus cash. Currently I have fixed 1 year and regular savers maturing every month for the next 12 months.
You could increase your current contributions, or make a lump sum payment to the NOW pension, but you are limited in how much you can add by your salary.
Outside a pension, it is better to invest within a Stocks and shares ISA, as this simplifies the administration and protects you from any tax issues. The issue of course is what to invest in within the ISA.
You could start some reading here.
Investing in stocks for beginners: how to get started - MSE (moneysavingexpert.com)
Stocks & shares ISAs: find the best platform - MSE (moneysavingexpert.com)
Pensions: Everything you need to know for retirement - MSE (moneysavingexpert.com)
How to invest in a stocks and shares Isa: The quick and easy guide | This is Money
Also keep up to date with your NI contributions which are easily viewed on your personal tax account online. I was am amazed to see it had my NI record for 47 years. More important though is having enough years to qualify for the full new state pension.
Check your State Pension forecast - GOV.UK (www.gov.uk)