100k to invest

[888sally888]

A colleague of mine (lucky person) has the above amount to invest.

What is the best account interest wise for him? He needs instant access too.

Many thanks.

[Mrs_Pegasus]

With that amount of money I would shop around the main high street banks. They will be biting his hand off! Recently, we had a lump sum of money (nowhere near the amount you are quoting) and it was in the bank no more than 24hrs and we were called in 'for a chat'! We listened to the options and went away and shopped around for a similar deal.

The highest interest will be paid where it can be locked for a period of time but if he wants instant access, the options will be less. However, he could lock X amount away and still have an amount for easy access.

[888sally888]

Thanks for that - which company did you chose?

[kwicky]

http://www.moneysupermarket.com/Savingsp/Defau lt.asp

This gives the best company based on your circumstances.

[888sally888]

That was a really helpful link - many thanks.