Hi,
My mum has recently received 300k and I want her to put it somewhere where she can get a good return on it. She's elderly and this is to pay for any and all expenses she may have for the rest of her days.
She does NOT want a long-term fixed account as 'value of investments may go down as well as up' and if she needs to withdraw it in advance of the maturity date she could lose thousands.
What would be the best bank/po/cu account to put it in in order to A) make sure it's 100% safe from institutional collapse and B) get a good rate of return on her investment ?
Please no suggestions of gold, shares, Monets etc. Liquidity is important.
Thanks.
T.
My mum has recently received 300k and I want her to put it somewhere where she can get a good return on it. She's elderly and this is to pay for any and all expenses she may have for the rest of her days.
She does NOT want a long-term fixed account as 'value of investments may go down as well as up' and if she needs to withdraw it in advance of the maturity date she could lose thousands.
What would be the best bank/po/cu account to put it in in order to A) make sure it's 100% safe from institutional collapse and B) get a good rate of return on her investment ?
Please no suggestions of gold, shares, Monets etc. Liquidity is important.
Thanks.
T.