Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • redev2005
    • By redev2005 17th Oct 16, 5:00 PM
    • 14Posts
    • 0Thanks
    redev2005
    Equity from home sale
    • #1
    • 17th Oct 16, 5:00 PM
    Equity from home sale 17th Oct 16 at 5:00 PM
    I have recently sold my house and have bought a place with my partner. I am left with £10k that I would like to save for a while.

    Does anyone have any suggestions that are fairly low risk. I do not anticipate needing the cash for at least a year.
Page 1
    • TheShape
    • By TheShape 17th Oct 16, 5:32 PM
    • 419 Posts
    • 203 Thanks
    TheShape
    • #2
    • 17th Oct 16, 5:32 PM
    • #2
    • 17th Oct 16, 5:32 PM
    Start here:

    http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

    Look at the Top current accounts that pay you interest section.
    • xylophone
    • By xylophone 17th Oct 16, 5:36 PM
    • 19,141 Posts
    • 10,861 Thanks
    xylophone
    • #3
    • 17th Oct 16, 5:36 PM
    • #3
    • 17th Oct 16, 5:36 PM
    You and your partner could each open a Nationwide Flexdirect account and you could both open a joint account.

    £2500 in each gives you 5% for a year - you could then open a couple of Tesco current accounts - £1250 in each and move in the monthly interest arising on the Nationwide accounts.

    You can move out (and back again) the required £1000 a month funding for the Flexdirects.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,627Posts Today

7,223Users online

Martin's Twitter
  • It's not fair or accurate to assign all leave voters (nor remainers) one voice. The vote may have been binary but t? https://t.co/QMqKrfY1jv

  • That's cos the UK voted for Brexit. The choice now unless something radical happens is what type. (Plus twitter o? https://t.co/SLmh2jL4bU

  • Todays twitter poll: The lib dem leader says more people now want soft brexit (ie still in single market etc) than hard - what do you want?

  • Follow Martin