How can I gain the best interest on my money while still accessing it?
December 6, 2010 10:30 AM Subscribe
I have been fortunate enough to unexpectedly inherit £35,000 from a relative who died prematurely. What should I do with it? Caveats inside.
posted by anonymous to Work & Money (7 answers total) 2 users marked this as a favorite
So this money is now sitting in my current account (with NatWest). I know I need to put it into something like an ISA, but I'm no expert. Also, as someone who has been overdrawn for what feels like forever, I'm finding this hard to comprehend.
The biggest problem is that I can't just lock it away, I have expenses I can't get rid of that mean I will need access to this money over the next three years.
What kind of account(s) should I therefore put it into that will (a) allow me to access it if necessary, but (b) get the best interest rate? (I'm aware this is not the best time for interest rates)
I can be contacted at email@example.com if necessary.
Also, in case it isn't clear, I am in the United Kingdom.