Where do i put 100,000 for the best monthly return for 5 years and protect the investment.

by , 13 Jun 2011

Answers

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Firstly investing ?100,000 in one single investment will never mean it is fully protected by the FSCS, so it is advisable to split it into 2 accounts with 2 different providers to makes sure it is fully covered. You would probably be best to invest in a 5 year fixed bond if you don't need access to the money, which pays interest monthly. The best on the market is probably the AA 5 year fixed bond at 5%.

by TheBandit, 13 Jun 2011

Hi anthon, and welcome to the forum.

You could also have a look at the Birmingham Midshires Internet 5 year Fixed Bond, currently offering 5.05%...

http://www.bmsavings.co.uk/savings/fixed-term-savings/

BTW, I agree with TheBandit's excellent advice here to split your savings to be covered by the FSCS.

by fruitcake, 13 Jun 2011

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