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    • 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
    • 905 Posts
    • 654 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
    • 21,626 Posts
    • 12,435 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.
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