Hi there, I've been sitting on a compensation payout since April of around £480,000. I've got about £300,000 of that available for a long term investment and I hope to live basically on the interst (being paid yearly along with my current benefits). Currently the money is with Abbey at about 3% NET roughly. I'm not really happy where it is though as I've seen the AA deal that was posted a few months ago offering 5% with withdrawels available losing only 90 days interest of the amount withdrawn.
I see this is no longer available but they are offering the same rate but with a massive amount lost if you make a withdrawel...
Just wandering if anyone would be so kind as to recommend a good place to put the money as I'm feeling pretty lost with it all at the moment. I did speak to a financial advisor recommended to us, but I found the guy quite frankly very pushy and the return didn't seem very good and a little risky.
Please help a confused fool :)