2006-12-09 05:10:49 · 29 answers · asked by foggy 2 in Business & Finance ➔ Investing
ns&i isa - 5.55%
icici - 5.45%
citybank - 5.45% (includes 0.45% bonus for first 6 months)
birmingham & midshire - 5.25%
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all gross
2006-12-10 09:49:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Banks are not the best place to invest large sums of money in the UK if you want to get good interest rates. Building societies are the best place. Get Yellow Pages, look up Building Societies, phone them in turn, ask them the best rates they have on offer for the amount of money yoyu wish to invest, and the amount of time you wish to invest it for, then choose the one that suits you best. Just takes an hour or so, and may save you a stack of money, dont forget to keep checking the rates periodically though.
2006-12-09 05:21:15 · answer #2 · answered by David H 6 · 0⤊ 1⤋
If you have a large sum of money then a bank isn't really the way to go. It will just sit there and do more for the bank than it does for you. I would seek some independent legal advice and find a secure option where you can make it work for you.
2006-12-09 05:26:56 · answer #3 · answered by Lara L 2 · 0⤊ 0⤋
Don't go to a bank. Go to a multi tied adviser or independent adviser for check on your attitude to risk and assessment of how much you should keep in easy access and how much you can invest longer term.
They will also look at keeping tax as low as possible and make sure your money works as hard as possible with flexibility.
2006-12-09 05:17:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Hi foggy,
All AA rated banks in UK are good. But it is very strange your viewpoint about the investment. Firstly you should diversify your investment among few different income and risk options
I would recommend you to place in the bank only part of your money. The rest part I suggest you to invest into stock/forex trading. Yes, it is risky but also it is very volatile as means very profitable and your income would be much more than at the bank. You should find the trader who could manage your funds.
I'm forex trader. If you would like I could manage your funds at managed account, i.e. you place funds into your own trading account under full your control and I would trade from your account. But it belong what amount you would like to place into trading.
If you are interesting in such collaboration then please PM or email me (press my name).
Also you could to start your own trading. Then you should begin from self-education with following books:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill Williams;
New Trading Dimensions by Bill Williams
Then you should go to the traders training course and after 3-6 month practice on demo account you'll be able to start your own trading.
However while you'll be learning stock/fx trading it could be earned amazing income
2006-12-09 05:49:36 · answer #5 · answered by VP 3 · 1⤊ 0⤋
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2017-03-06 08:28:11 · answer #6 · answered by Michelle 3 · 0⤊ 0⤋
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2017-03-01 08:52:53 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Hi!
Don't even THINK about investing your money in a UK bank!
If you find out where your local branch of Edward Jones is, give them a call and they'll give you some no obligation advice.
I've been with them for years, and they really look after their customers, unlike the banks who have to look after their shareholders BEFORE their customers. I've referred friends and relatives to them, and none of them have regretted puting their money with them.
Best of luck!
2006-12-09 05:16:36 · answer #8 · answered by Moofie's Mom 6 · 0⤊ 1⤋
For the past year I have invested £230,000 with Abbey on their eSaver account and obtained interest in excess of 4.9% which gave me a return of about £700 per month
2006-12-09 06:08:59 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Click on the website below to see how you could earn more in one month than what the bank pays in one year... http://www.4xmoneytrain.com
Click on the product video.
2006-12-09 14:46:29 · answer #10 · answered by Anonymous · 0⤊ 0⤋
I would say coutts or some bank on the channel islands for tax reasons.
2006-12-09 05:17:27 · answer #11 · answered by KnOwLeDgE_iS_PoWeR 3 · 0⤊ 0⤋