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
Where to put £40K for 18mth - 2yrs?
Kiah
Posts: 2 Newbie
Hi,
I will be coming into a modest inheritance within the next few months or so.
I need to put £40K of it aside, but only for 18 months - 2 years.
I have a TSB classic plus account already up to £1.5K, and a Tesco account already up to £3K., and my FlexDirect account is over 12 months old.
So, other than those, any suggestions on where to put it?
(Anything more imaginative than two Santander 123 accounts?)
I will be coming into a modest inheritance within the next few months or so.
I need to put £40K of it aside, but only for 18 months - 2 years.
I have a TSB classic plus account already up to £1.5K, and a Tesco account already up to £3K., and my FlexDirect account is over 12 months old.
So, other than those, any suggestions on where to put it?
(Anything more imaginative than two Santander 123 accounts?)
0
Comments
-
http://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html
If you have the Direct Debits you could open another Tesco current account.0 -
Thanks, I'll look into doing that. Is the DD requirement new? I earn interest every month on my Tesco current account at the moment, yet i have no DDs set up.0
-
Yes, it's a new requirement for new accounts, you'll need 3 DDs and £750 switched in and out per month0
-
You could consider an atom bank 2 year bond although I would wait until after August as there is supposed to be an interest rate rise then0
-
You could consider an atom bank 2 year bond although I would wait until after August as there is supposed to be an interest rate rise then
There might be a rate rise, and there might not be. Speculation about rate rises is like speculation about stock market crashes. Furthermore, a BOE base rate rise does not necessarily translate to a raft of retail savings rate rises.0 -
Hi,
Please could I direct you to this link,
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
Will give you an idea of the accounts that you could open to hold your inheritance payment.
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards