We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Inbetween houses - how best to invest/save the equity over 5-6 months
Smudger78
Posts: 164 Forumite
Hi,
Title says it all really. Moving into rented for 5-6 months and have 50k+ to put somewhere before it is needed for us to complete the purchase of our new house. So looking for something that doesnt tie the money up, isnt really risky but will provide some kind of worthwhile return.
Anyone point me in the direction of anything theyve used in similar circumstances?
Title says it all really. Moving into rented for 5-6 months and have 50k+ to put somewhere before it is needed for us to complete the purchase of our new house. So looking for something that doesnt tie the money up, isnt really risky but will provide some kind of worthwhile return.
Anyone point me in the direction of anything theyve used in similar circumstances?
0
Comments
-
You can read the savings article on the main site, and search the forum for similar threads. You shouldn't expect to make much money but your best options would be several current accounts.0
-
Investment would be an exceptionally risky option over that timescale. Cash savings accounts are the only sensible option to be sure you still have the money for the house.Remember the saying: if it looks too good to be true it almost certainly is.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards