Hi,

Many thanks for the update Ledger - really appreciate it. Please do keep us informed with how you're getting on. I'm sure it'll be a big help to many of our other savers out there.

Whilst we're on the subject, The Sunday Times would like to speak to you if you are in a similar situation to Ledger - perhaps you have a large amount of money to deposit but aren't sure where to put it in the current low interest rate environment? Or maybe you've just moved your money and would like to share what you've learnt with other savers?

If you'd like to speak to The Sunday Times, please drop me a line at the email address below and we'll put you in touch.

Thanks all.

Thanks to all for helpful tips and direction. Very little choice out there without taking risks, however, I have split the £100k equally into capital protected HI Interest Bonds getting 5% for 2 years at 2 different financial institutions. Not great but hopefully will keep pace.

Cash ISA's sorted with our regular bank, who had one of the better rates. Will probably set up a couple of regular savers and keep looking out for something else for the smaller sum. Recognising of course that returns are not great but best we can do without risking our capital even though our financial advisor tells us to go into the markets. We took this on board with other funds and the market went the other way - this was long term and, with a bit of luck things might just catch up in time to ensure we get our money back.

Happy hunting.

Ledger

Use the comparison tables and check that you're covered under the compensation scheme. After that its down to personal choice.

Ledger - if you're still around putting the new investments in your name only will be best for tax purposes as you'll probably get the interest (or most of it) tax free provided you've got no other forms of income.

Yes, but who offers the best rates from a recommended bank/company?. Not got quite so much but thought this was a good question I'd like suggestions for too.

S

That is £50 per institution (parent company) per person, so yourself and your husband could have the £100k with the same institution and be protected.

See www.fscs.org.uk for more information on the compensation / protection

HTH

Sparky.

well, two lots of 50k in favourable interest notice accounts wouldnt be too bad! :P

Plus you'll be protected as you've spread your money. Just be aware who you're banking with. If both banks are owned by the same parent company, you're only protected for one lot of 50k

On 14 October my husband & I have £100,000 maturing from a Hi Interest Deposit Bond which has been in our HSBC bank for 1 year, we had a 10% rate on this. They have nothing near this for similar. My husband is 61 this month and works paying 40% rate and I and 59 and retired from work.

We would like something capital protected with best rate - happy to tie up for 2 years max and have no need to access the funds or have interest paid until the fund matures. Is it sensible to keep it as £100k or should we split it into two lots of £50k? We don't have appetite for anything risky.

Also, we want to organise our ISA allowance of £10,200 each for 4 years max, can you advise what is currently best option. Again our bank HSBC have nothing very appealing.

We wanted to open another bank account to firstly put in a small about £20/25k and then add interests, bonuses over time but looking on line all rates are for 1 year and then drop, but the main problem is the accounts seem to want regular money passing through as in salaries etc. Is there a better way to manage this amount. It would be a fund to build upon and maybe use when my husband retires in 4 years for a big holiday? Not sure yet.

Thank you - Ledger