Lump sum, short period

Swiss_Toni

We are selling our home and will have something in the order of £100k (equity) to put into a savings account (of some description) for between 1 and 2 months.

Can anyone point me in the direction fo the right article to read here? The savings & investment advice for lump sums tends to suggest that you will be keeping the lump sum for some time (and we won't!).

Cheers!

mad

The only option is probably going to be the instant access accounts. try the instant access tab in the blue box at the top of the page or

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1098730527,15721,

ReportInvestor

Cahoot and Bradford & Bingley e-savings both pay 4.85% and give instant access

Ignore First Direct @ 5% as they will snaffle all your interest in the month you withdraw :eek:.

Swiss_Toni

Is the ICICI Bank 5.15% account worth looking at?

Cheers!

ReportInvestor

Opinion is divided over the efficiency of their customer services, which you might want to take into account as you will be making two transactions in a short space of time and delays could be costly.

P.S. I'd forgotten about the Northern Rock Tracker Online paying 5.01%.