200k for a short term quick return investment?

Henryrelph

Hi there.

I am selling my house and currently rent a property in london which is tied up untill january next year.

My house should be sold mid to late july / august and i was wondering what would be the best thing to do with the capitol? should i invest it straight into a house and rent that out untill i decided to move in? or should i put it in an ISA or savings account untill january?

what would you people do?

Any help would be appreciated!

Many thanks

Henry

GerardL

You won't get much into an ISA but every little helps.

Capitalone have a 4.55% instant access savings account at the moment, for some fun I'd always go with £30K in premium bonds although thats best over 12 months or more.

The post office have just launched a new account backed by Bank of Ireland, can't recall the rate on that.

Limes

GerardL wrote:

The post office have just launched a new account backed by Bank of Ireland, can't recall the rate on that.

Post Office Instant Saver
4.75% Gr/AER
Min £500 investment
Max £1m
Includes 12 month intro bonus of 1%
Interest is paid annually
6 free instant access withdrawals are permitted per year (22nd March - 21st March each year). Further withdrawals are subject to a charge of £1 per withdrawal.