In this current day of the banks paying significant sums of interest on balances in current and deposit accounts (!) I was wondering what to do.
In short, was discussing this with a client today who banks with HSBC and has £500k in then bank earning "not a lot"
They have asked me what I think the best bank to "stick £200k in" as he put it, would be so that he could earn more interest.
(before we all start considering tax planning/profit extraction/dividends or other yes we have been through all of that and done that bit - he just wants to leave the money in and earn some intererest - however small!)
Any specific accounts you know of?