Updated May 2020.
People professing to wisdom often opine “never a borrower nor lender be” but, while this was a witty phrase in Shakespeare’s Hamlet it is now 2020, and both options are common.
Saving money, through a savings account from a bank or building society, is an interest bearing and low risk investment. If you have cash, you can put it to work in a savings account.
In the course of my travels around the web, I’ve found it is often hard to quickly establish the best rate available… a lot of sites are biased. A lot waffle on about this and that. The irony is not lost on me, that I’m now waffling in the introduction… so one more paragraph, then you can have some data, my friend.