We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What to do with money from sale?
lren
Posts: 1 Newbie
Hi, this is my first post on this website so apologies if I have posted in the wrong place.
We have just completed on the sale of our house, but we won't be completing on our new house for about 1 month.
Does anyone have any suggestions about investments etc for 1 month that are low risk - we don't want to lose it all!
Any advice gratefully received
We have just completed on the sale of our house, but we won't be completing on our new house for about 1 month.
Does anyone have any suggestions about investments etc for 1 month that are low risk - we don't want to lose it all!
Any advice gratefully received
0
Comments
-
Have a look/post on the investments and savings thread on this forum, you'll get a more of a response I think.0
-
Would your solicitors hold it in their client account perhaps? That might offer some sort of interest.0
-
Talk to the bank and see if you can invest it on the money-market on overnight deposit. That's what banks do with their depositors' funds adn it can be a right nice little earner. Look at their profits! That way you will have access to it at any time and be earning interest on a daily basis0
-
bluefuzzybug wrote: »Would your solicitors hold it in their client account perhaps? That might offer some sort of interest.
What? And get half a percent per annum in interest? They'll be lucky to get a the price of a couple of cappuccinos on the proceeds0 -
Just look for an instant saving account with good interest rate... I've got A&L Online saver at 3.5%, and that is where our bond money 'rested' for a while while we decided where to move them next.Spring into Spring 2015 - 0.7/12lb0
-
Agree about looking for an instant savings account but still think the OP could do with going over to the savings/investments thread and asking there. There are a lot of people on there who keep up to date with the best accounts of the 'moment' so to speak.
PS - ginvzt - that rate is great
0 -
Your own bank will probably have an instant access online deposit account that will allow you to deposit the funds and with draw when you like.
I had a short period between sale and purchase once and the solicitors wanted to charge me £47 to Transfer the funds to me, I declined and got a cheque but remember the timings to clear when you have to return the money again.0
) This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards