Where to get best return over 18 months?

Conrad

Hello

I want to invest £140000 and wondered is it simply a case of picking the highest rate?
I need the money in 18 month. Already fully fund ISAs.

I'm concerned to obtain the best overall return, so am I correct in thinking I need an institution that credits interest every month rather than once per year?
Following on from there, does anyone know which savings account will best meet my objective?

Icesave look quite interesting but I need absolute safety and cannot take any risk other than the risk a UK institution could fail.

Many thanks

isofa

Providing it's instant access (or can be closed/withdrawn without penalty), it doesn't matter whether interest is paid annual or monthly, as when the account is closed, the interest due will be added. So it should be virtually identical.

The best buys are listed here at MoneyFacts.

It's quite a large amount so personally I'd split it several ways.

If you want utter safety the only real way to achieve this is to put no more than 35K into each account with separate companies.

You could lock 50% away in fixed rate bonds, several offer 7% at the moment, and then the rest, or less (depending on if you might need access to it fast), in instant access accounts, 6% or above.