Sterling Deposits and Money Market Alternatives

K

KOR101

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I have about £60,000 which I want to park on deposit (instant access) for a while. `I've checked the various sterling deposit accounts available to Irish residents, and they don't seem to offer anything like the roughly 2.8% available to say UK residents.

I was wondering whether there are any money market funds, purchasable through stock exchanges, which essentially mimic sterling deposit savings. I am not looking for anything other than a pure deposit type of thing.

Anyone know of any such funds?

THANKS
 
Are interest rates all that important in these day? For me capital security is what I want
 
The sterling share class of the fund we use is up 4.09% in the last 12 months net of the fund managment fees.

It is high credit (aa+) and short term fixed interest average duration 3.04 years.

As Ciaran says if you go to money Market accounts you will tend to get libor returns for example the ultra short fund we use is average 1 year duration and is up 1.17% in the last year net of fees for the sterling share class.

Risk and return are related if you want high security you have to accept a poor return if you want higher returns there has to be some risk
 

But, what is that fund? I'm looking for suggestions about funds.
 
I know you don't want to invest directly in the stockmarket but if you had a look at some of the U.K. Supermarkets or Water Companies you might find there is little risk in your investment. You can always check dividend yields here.
http://www.itpaysdividends.co.uk/
 
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