Safest way to keep relatively small amounts in Sterling

Anongeneric · 13-02-2016 06:52PM #1

Hi all,

I will be coming into about £7,000 GBP in the next few months and would like to know the easiest mechanism for keeping this money in Sterling currency.

Can I just ask my bank to do this?

Do I need to open an account with an English Bank?

This money is the result of an accident I had in the UK some years ago so do I need to declare it to Irish authorities for the purposes of taxation?

That's the questions, I'll explain the motivation briefly here but unless you're really interested there is no need for you to waste time reading it.

Due to Sterling being the stronger currency and the rumours at the moment of a second global economic implosion this century, I thought there is a good chance that the euro could lose a lot of its value against the pound over the next year or 18 months.

Mods, if this is in the wrong forum please redirect me to where it should go.

Thanks in advance

SmartinMartin · 13-02-2016 06:58PM

Mattress and say nothin;)

newacc2015 · 14-02-2016 01:37AM

http://www.nationwideuk.ie/savings/sterlingrates.asp

You can get one here. But you need £10k minimum

Atlantic Dawn · 14-02-2016 01:44AM

Sterling has been dropping for the last 6 months or so against the euro. If you have to kep it in Sterling as was said the Nationwide UK account would be good.

Safest way to keep relatively small amounts in Sterling

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