Deposit > 500K - GBP Where to put?

Hi,

DGS covers only up to 100K i have come into a windfall of 500K from shares investment.

Any ideas where it can be stored safely ?

It is company money so company bank account setting up multiple accounts at multiple banks is a bit of a pain.

My thought is short term german government bonds ?

I am concerned about a possible bailout of nations after covid.

Thoughts?

I think you could potentially put it on deposit across a few different european banks through raisin.com (or .ie). Good interedt rates and full protection to 100k in each bank.

Do you want to keep the funds in GBP, or are you happy to convert back to Euro?

happyM said:

I am concerned about a possible bailout of nations after covid.

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Don't worry about this. Retail depositors <=€100k will be fine in nearly all possible circumstances.

Just spread your money across different banks. Remember a joint account is covered up to €200k.

Good advice from all Jim i contacted raisin to see what they say!