£4000 to invest BUT NOT ON-ONLINE

glicky

My friend has £4,000 to invest but she does not want to do it online, she wants a High Street Bank where she can just go in and get the money (i.e. instant access).

I've tried looking at this site, but due to the fact that I'm thick when it comes to financial aspects, I haven't really got a clue where the best place to place it.

Can someone please help me with regards to which is the best place to put this amount? It's sitting in a current account at the moment doing nothing.

So basically she wants to put £4,000 in a savings account where she can get instant access when/if she needs it!

Hope you can help?

rizla01

Easiest and least confusing method is to check the ceefax pages on TV.

glicky

rizla01 wrote: »

Easiest and least confusing method is to check the ceefax pages on TV.

Thank.

Oh OK - under what? Don't really check Ceefax

YorkshireBoy

glicky wrote: »

under what? Don't really check Ceefax

BBC2 p.251...but specifically p.255 for instant access accounts.

Alternatively, see http://www.moneyfacts.co.uk/searches/savings.aspx and use the filters so select branch (and postal?) access.

5.50 - 5.75% should be achievable, but watch out for restrictions on withdrawals.

glicky

1. ABBEY - Super 50+ Instant£1-£50K8.10%7.81%Mly £1-£2mCash Card AvailableOpen to:Existing 50+ saver customers who invest a minimum of £50K in an investment from the Abbey Multi-Manager RangeInterest Payment:Interest can be paid away or compoundedAdditional Notes:Rate on £50K and below is 7.81% fixed for 1st year then reduces to 5.13%.

Do you think this is any good?

YorkshireBoy

glicky wrote: »

Do you think this is any good?

Does your friend have £50K handy, in addition to the £4K she wants to save?

Hungerdunger

glicky wrote: »

My friend has £4,000 to invest but she does not want to do it online, she wants a High Street Bank where she can just go in and get the money (i.e. instant access).

Before you write off on-line accounts, bear in mind that you can have an on-line account and almost instant access. For example I have a Nationwide Flex (current) account and a Nationwide e-savings account which currently earns 5.55% gross.

I can do an on-line transfer from e-savings to Flex and then drive straight into town and withdraw the money.

(I'm not suggesting this particular e-savings account - merely pointing out that this type of account is still quite versatile.)

Aegis

Hungerdunger wrote: »

Before you write off on-line accounts, bear in mind that you can have an on-line account and almost instant access. For example I have a Nationwide Flex (current) account and a Nationwide e-savings account which currently earns 5.55% gross.

I can do an on-line transfer from e-savings to Flex and then drive straight into town and withdraw the money.

(I'm not suggesting this particular e-savings account - merely pointing out that this type of account is still quite versatile.)

Plus the Flex account is awesome for spending abroad!!

glicky

YorkshireBoy wrote: »

Does your friend have £50K handy, in addition to the £4K she wants to save?

No

See what I mean - I'm pathetic when it comes to this sort of thing. :rolleyes: I thought it says from £1.

glicky

Hungerdunger wrote: »

Before you write off on-line accounts, bear in mind that you can have an on-line account and almost instant access. For example I have a Nationwide Flex (current) account and a Nationwide e-savings account which currently earns 5.55% gross.

I can do an on-line transfer from e-savings to Flex and then drive straight into town and withdraw the money.

(I'm not suggesting this particular e-savings account - merely pointing out that this type of account is still quite versatile.)

She hates using computers - go figure? I've had numerous discussions with her about it - because I personally find them better, but that's her. :rolleyes:

Lavendyr

http://www.theaa.com/savings/telephone.html

http://www.angloirishbank.co.uk/personal/easy-access.asp