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Where to put £10k

katie4
Posts: 459 Forumite



Would like to lock away £10k of an inheritance a) to stop me/family blowing it and b) to get the best interest
any suggestions greatly welcome thank you
any suggestions greatly welcome thank you
0
Comments
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Lock away for how long?
There are fixed rate bonds are various lengths if you look on the main website, but you won’t be able to get your hands on it in the interim if needed.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.2 -
A Branch-based ISA at a Buidling Society might also work - if you have to go into the branch to withdraw cash, this usually acts a deterent to random withdrawals.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.1
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If you really want to lock it away, most fixed rate accounts do not allow early access. Have a look here, I've shown 5 year fixes but others are listed too:
https://moneyfactscompare.co.uk/savings-accounts/5-year-fixed-rate-bonds/?quick-links-first=false&product-favorites-first=false
There are also notice accounts, which stop you accessing money instantly, as you have to give notice to do so. Again they are listed on moneyfacts.1
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