Alternative methods of investing £50,000

... There are many different ways of investing £50,000. It is a very large amount of money and therefore opens many options. I could put the money into a savings account or current account, as the money would earn interest. The advantage of investing the money into a bank is that nothing more needs to be done. Different banks offer different interest rates on the different accounts. Internet banks usually offer higher interest rates as they have lower overhead costs, as they do not require large premises or many employees. This gives them a competitive advantage. Current Account- HSBC has an interest rate of 4.03% AER where as Lloyds TSB has an interest rate of 3.99% AER. This is not a significant difference. Savings Account- Lloyds TSB has an interest rate of 3.27%. HSBC has a higher interest rate of 3.75%, which would mean I would receive £52375 instead of £51860. That means that

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