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So i have £50000.

Where would be the best place to put £50000 so as to give me a monthly interest return and have instant access to the capital, and what could i expect to recieve monthly

cleversod Mon 04/08/08 21:57

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factor30
Mon 04/08/08
22:41

You can probably get around 7% gross per annum. Try moneysupermarket.com.
After tax that's worth about 5.5%.
So on £50,000 at 5.5% net you'd get £2750 pa or £229 a month interest

factor30
Tue 05/08/08
18:16

Sorry folks. I'm happy for the AB editor to remove these 'banned' answers'. This page on the site was playing up and my answers didn't appear at the time of posting so I kept trying again. I hope it wasn't sir-gravy with that clever HTML again.

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