where to put 80k?
Discussion
I was thinking maybe someone could come up with something unconventional for someone in my shoes. Maybe buy a business or anything. Just after suggestions really as the normal sensible side of me says just put it in a high interest account but that said I'm anything but savvy when it comes to finance etc so open to any suggestions.
This web site gives you an idea of what you can get from it in various current accounts. There's also regular savings accounts that can help soak up a few extra thousand: https://www.bankaccountsavings.co.uk/calculator
According to that you can use up £48k and get 3.1% AER on it, probably a bit more if you can be bothered opening more accounts.
According to that you can use up £48k and get 3.1% AER on it, probably a bit more if you can be bothered opening more accounts.
I'm struggling to find any accounts paying much over about 1.5% at the moment. Do you need the cash, or can you tie it up? If you can do without it, then a fixed term bond will get you a reasonable (comparatively) rate. Otherwise, an ISA, because it's tax free, and a bank savings accout.
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