Deposit > 500K - GBP Where to put?

happyM

Registered User
Messages
2
Hi,

DGS covers only up to 100K i have come into a windfall of 500K from shares investment.

Any ideas where it can be stored safely ?

It is company money so company bank account setting up multiple accounts at multiple banks is a bit of a pain.

My thought is short term german government bonds ?

I am concerned about a possible bailout of nations after covid.

Thoughts?
 

jim

Registered User
Messages
636
I think you could potentially put it on deposit across a few different european banks through raisin.com (or .ie). Good interedt rates and full protection to 100k in each bank.
 

NoRegretsCoyote

Registered User
Messages
2,523
I am concerned about a possible bailout of nations after covid.
Don't worry about this. Retail depositors <=€100k will be fine in nearly all possible circumstances.

Just spread your money across different banks. Remember a joint account is covered up to €200k.
 
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