should I deposit in variable or fixed rate accounts for a sum of £300,000(house sale)

son68

I do not need the money for the next year and want to leave it on deposit. I know I will need several accounts to spread the £300,000 in 50K lumps but don't know whether to put it in variable rate accounts which seem to be paying around 6% today or fixed rate accounts which seem to be paying around 4.5%.
Any advise gratefully received including good rates that are around particularely for 1 year term accounts.

opinions4u

Nearly all the 6% plus variable accounts need to price in the 0.5% and 1.5% BofE cuts. Their rates aren't sustainable.

manhattan

try the Halifax website.

You can open upto 5 different savings accounts at Halifax