Where is the safest place to put my savings UK?

Where is the safest place to put my savings UK?

But for much larger sums there’s only one place that is safe: National Savings & Investments. Money with NS&I is safe to any amount. Easy access Income Bonds (invest up to £1 million each) pay 1.10 per cent interest (direct to you, so you’d need to reinvest it). Dec 7, 2021

Where is the safest place to put your money UK?

Treasury gilts, for example, are considered one of the safest investments because the UK government would have to default for you to lose your money. Gilts typically offer better returns than savings accounts, but there’s still a risk that your investments could lose ground against inflation.

Is Nationwide better than Santander?

Santander scored five for its sign-up incentives and four on customer service. Meanwhile, Nationwide placed highest on customer service with five stars and also achieved top marks for its service in branch. Aug 18, 2018

Is Nationwide a good bank?

Partially it’s down to a recent track record of offering the highest interest rates and free cash. It also ranks well as an ethical bank and scores highly for customer service (74% great at MSE). Nov 18, 2020

How much cash can I keep at home UK?

There is currently no legal limit on how much money you can keep in your home in the UK. In theory, if someone wanted to store £1 million in cash, they would be allowed to do so without breaking any laws. Sep 17, 2020