Best bank rate with unlimited access with lump sum in excess of £100k

realitybites

Hi, looking to find the best bank deal for a lump sum. Looking to just take interest monthly for the next 6 or 7 years. Could need the lump sum before that so don't want to be tied down in any way. Monument bank looks tempting.

km1500

you could look at eg a 60 or 90 day notice account

xylophone

https://www.fscs.org.uk/what-we-cover/insurance/?gad_source=1&gclid=Cj0KCQiAi_G5BhDXARIsAN5SX7rY8_qvmd3AfjA5uu34vgkoN1K6yA3xAbl4cnW248gy2wx8L-0XkioaAjk4EALw_wcB



https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

eskbanker

xylophone said:

https://www.fscs.org.uk/what-we-cover/insurance/?gad_source=1&gclid=Cj0KCQiAi_G5BhDXARIsAN5SX7rY8_qvmd3AfjA5uu34vgkoN1K6yA3xAbl4cnW248gy2wx8L-0XkioaAjk4EALw_wcB

Your link goes to the FSCS page about failure of insurance companies, which doesn't seem relevant to OP's situation?

Presumably you meant the deposit protection one:

https://www.fscs.org.uk/what-we-cover/banks-building-societies-credit-unions/

in order to highlight that only up to £85K per banking licence (per person) is protected?

realitybites

It will be a joint account

refluxer

realitybites said:
Monument bank looks tempting.

It's worth noting that Monument haven't announced a rate drop for their easy access account since the BoE decrease on 7th Nov, so their high rate may not last much longer. Most of their competition have either already dropped their easy access rates or have announced decreases that will be happening in the next 2-3 weeks.

Beddie

Pick one:

https://moneyfactscompare.co.uk/savings-accounts/easy-access-savings-accounts/?quick-links-first=false&product-favorites-first=false&sort-order=AER&sort-order-text=Rate

Filter your search for monthly interest and any other criteria that are important to you.