home
in

Overnight money market or instant access account

Last post Tue, Aug 05 2008, 6:20 PM by easyfinance. 1 replies.
Sort Posts: Previous Next
  •  Tue, Aug 05 2008, 3:42 PM

    Overnight money market or instant access account

    I have received a large sum of money from the sale of my business. In the next two weeks or so I will have to pay out money for fees, taxes etc. so I need easy (if not instant) access. Barclays suggest I put the money on the overnight money market at 4.7% Wouldn't I be better to open an instant access account with B/ham Midshires at 6.52% or another high interest account?
    • Post Points: 20
  •  Tue, Aug 05 2008, 6:20 PM

    Re: Overnight money market or instant access account

    The best way is to employ a financial adviser to look after your finances. Overnight money market should be used only if you get advice from Barclays ... not suggested by them. It is not 100 % safe.

    Eugene

    • Post Points: 5