where to invest

[huladancer]

My Mother who is over 90 has sold a property and now lives in residential care. Her fees are about K 19 annualy.She is looking to invest over K 120 in savings plans .
Can anyone suggest an account that would give her a good return?

many thanks

[Whoever]

I assume she will need regular monthly income from this sum to pay her care home fees so this will restrict options to those which pay monthly income. One of the best payers is possible Icesave, if you are happy with internet banking, but when opening a new account for her, she will have to produce the usual Money Laundering documentation for identity and address, and her address (for utility bills identification etc) may now be a problem with some institutuions. Do you have Power of Attorney for her as some accounts won't operate with P.O.A. Birmingham Midshires might be worth investigating but non-internet accounts usually pay lower interest or don't always offer monthly income options. Sorry, this isn't much help, is it?

[huladancer]

Thanks for taking the trouble to answer. I think the Halifax Guaranteed Saver might fit the bill.

thanks again