I've recently come into an inheritance. I plan to see a financial adviser later this year, but I’m wondering where to put the savings in the meantime. Where will the money be safest?A Which? Money member
source https://www.which.co.uk/news/article/how-can-i-keep-my-inheritance-safe-aYHKi7v71Cer
'You face three big threats'
Michael Tomlinson, Which? money expert, says…You need to consider taxes, inflation and protection in the case of bank failure.
To reduce the impact of inflation, make sure you’re getting the best possible interest rate.
If you have a joint savings account, this would now offer protection of up to £240,000 if a firm fails.
Or, put your money in an NS&I savings account. While rates on these are rarely table-topping, 100% of the money is protected up to the account limit, which is as high as £2m.
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source https://www.which.co.uk/news/article/how-can-i-keep-my-inheritance-safe-aYHKi7v71Cer