Happily and assuming that you do not want to take investment risk Santander answered this q for you yesterday by launching a 5.2% instant access account for up to exactly £250k. What a happy coincidence.
Last time I tried to send £100k to Santander from a client account they panicked and the money got sent to a special holding account that no-one in the branch knew how to get at. A right mess with me being accused of theft!
That Santander a/c sounds like it fits the brief. Maybe 50k a head into premium bonds if the "dead" time getting in and out isn't too high a proportion of the overall holding time, and if you have a high marginal tax rate.
By the way, since this is ROF, I should have made it clear the the ‘proper’ in the title refers to the question, not the mere bagatelle that is the sum of £250k…
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Big Tech.
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Big Vern
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Under a mattress?
In a large hole in the ground?
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Big Time Charlie
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Big and Bouncy
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Big Boy’s Delight, running in the 4.30 at Haydock Park
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Best place is premium bonds pour the cash in there plus you're bound to win loads more
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Big feet, big shoes
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Happily and assuming that you do not want to take investment risk Santander answered this q for you yesterday by launching a 5.2% instant access account for up to exactly £250k. What a happy coincidence.
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Last time I tried to send £100k to Santander from a client account they panicked and the money got sent to a special holding account that no-one in the branch knew how to get at. A right mess with me being accused of theft!
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1 year locked savings bond is 6.2% from NS&I. But you may have to deal with NS&I, which i would not advise.
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That Santander a/c sounds like it fits the brief. Maybe 50k a head into premium bonds if the "dead" time getting in and out isn't too high a proportion of the overall holding time, and if you have a high marginal tax rate.
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If you want FSCS protection
£85k Santander @5.2%
£85k Tandem @5% incl bonus
£30k Shawbrook @4.93%
£50k in premium bonds
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Much obliged to all.
By the way, since this is ROF, I should have made it clear the the ‘proper’ in the title refers to the question, not the mere bagatelle that is the sum of £250k…
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A mere bagatelle, a minor admin error on client account....
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