Each account should ideally have no more than the guaranteed £85,000 compensation scheme limit in the UK.Īdmittedly that’s going to mean you’ll need almost a dozen bank accounts to be entirely safe. How much interest will I earn on one million pounds in cash?įirst things first: stop looking for the single best savings account for your million pounds.Īnyone who remembers the bank runs of 2007 during the financial crisis knows it’s better to have multiple savings accounts. The question is how much interest do you earn on your million pounds? (Or you wish you did and you’re daydreaming…)
Married someone who owned a large terraced house then you got divorced.Sold a small terraced house in central London.Bought into and then (crucially) traded out of Bitcoin.Congratulations, you’re a millionaire, and you found this site by asking Google: How much interest do you earn on a million pounds?
