Hi there,
Mu Mum retired this year and got a lump sum and had a pension coming in. Because of circumstance she does not want to put her money into a very long term deposit account. She has around 50,000 just sitting in an ordinary bank account now. She is thinking of putting about 15,000 into a 5 year fund and keeping the rest for things that are coming up on the next 3 years or so....but she does not want the capital devaluing.
Where is the best place to keep a lmp sum like this, so you have access to it (even with a few months notice etc) but it still makes around the inflation amount for you?
Thanks a million as always,
Adrian
Mu Mum retired this year and got a lump sum and had a pension coming in. Because of circumstance she does not want to put her money into a very long term deposit account. She has around 50,000 just sitting in an ordinary bank account now. She is thinking of putting about 15,000 into a 5 year fund and keeping the rest for things that are coming up on the next 3 years or so....but she does not want the capital devaluing.
Where is the best place to keep a lmp sum like this, so you have access to it (even with a few months notice etc) but it still makes around the inflation amount for you?
Thanks a million as always,
Adrian