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Best place to invest £100,000

Last post Wed, Jun 13 2012, 2:24 PM by maxsteam. 8 replies.
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  •  Wed, Jun 13 2012, 2:24 PM

    Re: Best place to invest £100,000

    Nothern Rock makes up a large part of the otherwise fairly new Virgin Banking Group. Cahoot is part of Santander UK Coventry BS are the third largest UK building society. Of those mentioned so far, my persnal choice would be between Coventry and Nationwide.
    • Post Points: 5
  •  Wed, Jun 13 2012, 7:30 AM

    Re: Best place to invest £100,000

    What about Virgin Fixed e-bond - series 11 - 12 months - 3.3%

    Cahoot fixed bonds 3.6% - both as long as you don't need access to your funds for 12 months !!

    Coventry BS could be worth looking at as well.....

    • Post Points: 20
  •  Wed, Jun 13 2012, 2:25 AM

    Re: Best place to invest £100,000

    Rowan_Requiem: many have commented that it would be unlikely that Nationwide would get into difficulty.

    Yes. If Nationwide offer what you want, you should take it.

    There is a letter of complaint on its way from here to Nationwide International Ltd on the Isle of Man. They are not perfect and my complaint is not about big bucks but there are worse people to deal with when it comes to money.

    • Post Points: 20
  •  Tue, Jun 12 2012, 10:48 PM

    Re: Best place to invest £100,000

    Nationwide MySave Online Plus? Just over 3% not locked away for a period, monthly interest, don't need a Nationwide current account to open it. As others have advised, the FSCS is £85,000 but many have commented that it would be unlikely that Nationwide would get into difficulty.
    • Post Points: 20
  •  Sat, Jun 09 2012, 6:33 PM

    Re: Best place to invest £100,000

    janeyred:

    Where can I find a decent interest paying account that will take £85k fixed rate for a year or so or a little longer?

    If you click on thee purple "money" tab at the top and have a look at "Savings" > " Fixed Rate Bonds" you will find a few accounts paying over 3%. If you "search all accounts" you will find more choices. It's sensible to stick with banks and building societies that you know and trust. There's always the option to buy governement bonds but I believe banks will give a better rate at the moment.

    • Post Points: 5
  •  Wed, May 16 2012, 12:13 PM

    Re: Best place to invest £100,000

    Hi, I have checked several banks with the view of investing £85k in one account,but most have restrictions on the amount I can invest in the low thousands. Where can I find a decent interest paying account that will take £85k fixed rate for a year or so or a little longer?

    Thanks.

    • Post Points: 20
  •  Wed, May 16 2012, 12:08 PM

    Re: Best place to invest £100,000

    Thanks. Where can I find out lists of banks so that if I choose two, I don't risk them being part of the same group?
    • Post Points: 5
  •  Mon, May 14 2012, 11:30 PM

    Re: Best place to invest £100,000

    The FSCS limit is basically £85k so you might consider using two accounts. The "best rates available" and "no risk" do not always go together. You can compare rates using the purple "money" tab but there are times when the best rates come from the banks that are most at risk. It's best to stick with banks and building societies that you know and trust.
    • Post Points: 20
  •  Sun, May 13 2012, 11:39 PM

    Best place to invest £100,000

    I want to invest £100,000 in a no-risk account paying monthly interest and get the best rates available - any suggestions please?
    • Post Points: 35