Whats a good investment that is safe and simple for my mothers 80,000 inheritance?
” You do not give your mother’s age or give an indication of the term over which she wishes to invest or say whether she will need income. These are all important factors which need to be considered. I will assume she can tie up 75% of this for the longer term to provide a “nest egg” and would like to keep the balance accessible. The accessible money should be kept in a high interest cash account. Christine: savings savvy A telephone or internet operated account will usually pay the best rate of interest if your mother is happy to use one of these. If your mother needs absolute security, the only really safe and simple solution is perhaps a series of guaranteed income or growth bonds. These are based on longer term interest rates, and can provide an enhanced return over cash deposits for investors willing to tie up their money for a number of years. These are available from insurance companies such as AIG Life. Moving slightly up the risk scale, your mother could consider a unit trust
