Because of the financial status of a certain European country (euro member) - I'm afraid of loosing money in case of a default, so I'm looking into options of moving family money to the UK, where I currently live and work.
It is a sum of about 100.000 euro, which is right now invested in a term account with one year duration, yielding a nice interest of about 4% or more (and gets repeatedly reinvested in accounts like that)
The first obstacle is moving the money and the second re-investing them.
Since I don't really need to have the money in sterling in the UK (it is my family's money, and they are not in the UK - they'll want them back someday), I was thinking about opening a Euro account in my high street bank (in which I maintain my current account for work) and just transfer the whole sum there through internet, with little fees for the transfer.
The other option is converting the sum to sterling - maybe using a fx company specializing in this kind of money movement?
Then, my main problem is where to put the money, and how to invest them, to get a similar interest - I'm willing to accept less of course. For example, can I use term accounts while the money is in Euro while in the UK? Or should I have to convert first? What other options are there - on the not-very-high-risk level? I'm more interested in the options I have while the chunk of money is still in Euro.