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Savings account for equity between house sale/purchase (6 months?)
PThomas_2
Posts: 67 Forumite
I am just selling the former family home (After divorce), it will be a number of months before I have enough of a deposit together to afford the type of house I want.
Meanwhile I will have some equity from the home sale that I would like to get as much interest on as possible until I have enough for a new house. (Likely to be at least 6 months) The amount I have to save will be around £40,000 and it does need to be available within a few weeks/months in case I find something I can afford.
Can anyone recommend an account that would give me a reasonable return and access?
Thanks in advance
Meanwhile I will have some equity from the home sale that I would like to get as much interest on as possible until I have enough for a new house. (Likely to be at least 6 months) The amount I have to save will be around £40,000 and it does need to be available within a few weeks/months in case I find something I can afford.
Can anyone recommend an account that would give me a reasonable return and access?
Thanks in advance
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Comments
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http://www.halifax.co.uk/savings/websaverextra.asp
1 withdrawal free a year. shame the rate is going to 2.6% tomorrow though.0 -
You could take a look at the AA Internet Extra (Issue 3) Account which is currently paying 2.80% AER (incl. bonus).
Warning: In the kingdom of the blind, the one-eyed man is king.
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