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Temporary Savings

Hi there - bit of a similar query to the one asked by ian261069 but a bit of a twist. We have sold some an asset to fund some building work on our property - but the building works have been delayed from having a start date in early July to one in mid to late August and will take about 3-4 months to complete. We thought about keeping the asset and borrowing the money, but we want to reduce debt, not take on more.

The result is that we have about £30K which arrived this morning:j , that we need to put away - we won't need any of it until August, when it will start getting paid out to the builders in lumps of a few thousand when each step of the work is finished.

As for our existing accounts - we are at our mini cash ISAs limits, our current accounts pay very little interest (but the money never stays in there anyway), I have an egg internet account (4.85%) and Mrs WR has a savings account with the Nationwide.

Any bright ideas about anywhere else we could put the cash:think: ? Clearly the money has to be "safe" as we will need it reasonably soon. We don't want to hang on to the cheques any longer than necessary so will be looking to do something with them today/tomorrow.

Advice appreciated as always.

Cheers.

WR
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