A simple solution might be to take a Fixed Term Deposit with Cater Allen for whatever you consider to be a suitable period. I understand the desire to spread risk, but Cater Allen’s deposits are guaranteed by Santander, so one would hope that this would give some comfort. Rates below:
- 3 months - £5,000+ - 3.86% AER
- 6 months - £5,000+ - 3.94% AER
- 9 months - £5,000+ - 3.99% AER
You need to approach a Cater Allen agent to open such an account.
Paul Storrie
Storrie and Company