[gaius]

Right now you can get 6% in the UK on a no-frills deposit account at Tesco (hmm, thought they were a supermarket) but that'll be taxed so it's more like 4% real. Which is barely keeping pace with (real, not official) inflation.

[weavejester]

The base interest rate in the UK is at a 57 year low at the moment, so UK banks might not be the best place to store $5 million ;)

[gaius]

True, but banks lend to each other at LIBOR which has remained stubbornly high. Only a few weeks ago some were offering 8% 1-year deposit accounts to get any cash they could get their hands on.