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I've got some money that I want to put in a savings account and ideally not touch for ages. I'm talking £100-£110K. I don't want to be ducking & diving in investments & stock markets that I know nothing about, I just want it sat in an account where I can chip at it if I need to, but earning the best interest I can.
I'm not a Nigerian Prince and before anyone offers, I don't want to send it to you for safe keeping. I'm not a rich kid either. I was the beneficiary of a pension from someone that I would give everything I own, to have back again.
Premium bonds? 50k for you and 50k for your SO.
NS&I Income bonds at 1.16%, NS&I ISA at 0.9% and maybe Premium Bonds, split across those as you prefer. The former two are instant access and because they are Goverment protected beyond the banks £84k. The Income Bonds have a £1m max so you have some headroom.
The ISA and premium bonds are tax free.
Blimey. I know so little about how to get the best out of savings.
Sorry for your loss mate. Have a look at Money Saving Expert, lots of info on there:
its worth remembering that you're only protected up to 85k in a single bank, so you'll have to spread your money around.
You said you don't want shares, which is understandable, but a tracker fund would likely earn you far more interest than any high street account could. The money saving expert link is the right place to start, but realistically you are losing 1-2% per year because inflation is higher than anything those accounts will pay out. If you're in it for the long term, you can just put your money into a fund, still get at it as fast as you are likely to need (it might take 2-3 days), and leave it. Funds can be actively managed (someone is doing lots of wheeling & dealing for you) or, more common now, is a passive fund which simply tracks the ftse 100 (so if the ftse 100 goes up 1%, so does the amount of money you have).