Get the most interest on savings over £50,000

7 must-know rules of saving large sums

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Get the most interest on savings over £50k

Individuals usually hold large sums of cash in savings accounts for one of the following reasons:

  • Recent Inheritance
  • Sale of a business or property
  • Divorce
  • Retirement
  • Individual’s attitude to risk (i.e. they prefer the safety of cash rather than investing their money)

It is important to ensure that if you hold money on deposit that you are getting the best possible return. This guide will show you how to get the best from your cash savings.

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Make sure you always get the best return

We’ve pulled together everything you need to know to get the most interest on your savings over £50k. The guide will tell you:

  • How savings accounts really work
  • What to look for in best buy tables
  • The 7 key rules of saving large sums over £50k
  • The simplest way to get the best savings rate and bag an additional £915 a year!

 

No need to research the market - we already have

In the UK there are over 5,000 savings accounts with around 17,000 individual interest rates. That means it is a daunting task to find the best account(s) for the amount of money you have to deposit and your savings timeframe. So I set out to find the best and simplest solution currently available in the market which I share with you in this guide.

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We aim to give you accurate information at the date of publication, unfortunately price and terms and conditions of products and offers can change, so double check first. Leadenhall Learning, Money to the Masses, 80-20 Investor, Damien's Money MOT nor its content providers are responsible for any damages or losses arising from any use of this information. Always do your own research to ensure any products or services and right for your specific circumstances as our information focuses on rates not service.

Past performance is no guarantee of future results. Funds invest in shares, bonds, and other financial instruments and are by their nature speculative and can be volatile. You should never invest more than you can safely afford to lose. The value of your investment can go down as well as up so you may get back less than you originally invested.

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**51% of consumers could save £523.47 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next six cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier. 51% of consumers could save £222.30 on their Home Building & Contents Insurance. The saving was calculated by comparing the cheapest price found with the average of the next fourteen cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024. The savings you could achieve are dependent on your individual circumstances. You could pay from £3.35 per month for Pet Insurance. Price per month for cover based on a dog, Penelope, aged 4 months, no known medical conditions, up-to-date vaccinations, and microchipped. Based on quote data provided by Seopa Ltd during August 2024. The quote price you could achieve is dependent on your individual circumstances.

Leadenhall Learning Limited (trading as Money to the Masses) is an introducer appointed representative of Seopa Limited which is authorised and regulated by the Financial Conduct Authority.

Leadenhall Learning Limited (trading as Money to the Masses) is an appointed representative of Wealthify Limited which is authorised and regulated by the Financial Conduct Authority. Money to the Masses acts as an appointed representative for the purpose of promoting Wealthify products and introducing customers to Wealthify.

Leadenhall Learning Limited (trading as Money to the Masses) is an Introducer Appointed Representative of Creditec Limited who is acting as a credit broker and not a lender and which is Authorised and Regulated by the Financial Conduct Authority (FRN: 972716)
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