Any of you knowledgeable with investments/banking etc.
Separate to my question about currency..
Currently I have quite a large sum of money that is not my own sat in my bank account. Its been lent to me kindly be a rather rich Chinese relitive, and it needs to sit in my account for around a year without being touched. (this is because its a necessary requirement for my wife's english visa, to have this quantity of money in our account)
It seems a waste just leaving it in a low-interest current account though. So where is the best place to put money at the moment? It cant be anything with propper risk as its not my money.. but somewhere short-term and safe, that will lead to a better return then a standard current account.
I have looked at fixed savings accounts and they seem to come out at around 1.5-1.8% for a year..
Is it possible to do any better then that, without going into any risky investing?