We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Best place to put £80k for 6 months?

I need to put £80k somewhere safe for about 6 months.  It's probate money so won't be there much longer, and can't be put in an ISA.  Where would be secure and offer a good rate for that term?

Comments

  • wmb194
    wmb194 Posts: 6,064 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I need to put £80k somewhere safe for about 6 months.  It's probate money so won't be there much longer, and can't be put in an ISA.  Where would be secure and offer a good rate for that term?
    A savings account.

  • Ayr_Rage
    Ayr_Rage Posts: 3,895 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Assuming it can go into any kind of account, Trading 212 are still paying 5.17% (paid daily) on an instant access GBP cash deposit in their INVEST product, which doesn't appear in comparison tables as far as I can see.

    Do your research regarding FSCS and how they also hold funds in QMMFs.
  • Bobziz
    Bobziz Posts: 727 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Probate money as in money you're holding as the executor of an estate or money that you've received as a beneficiary?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.