£300K to Save (Short Term)!

exel1966

I will shortly have the proceeds of a house sale to find a home(s) for and will need fairly quick access to the funds to use for a future house purchase so I realise I'm pretty limited to instant access savings accounts. I'm looking for any recommendations as to where to put the money for a short while.

Being a regular here on the money forum I'm fully aware of FSA limitations (£85K) so know I will need multiple accounts and also aware of the best buy savings account lists, but just wanted some input from here as I may have possibly overlooked something.

Thanks

VT82

exel1966 wrote: »

I will shortly have the proceeds of a house sale to find a home(s) for and will need fairly quick access to the funds to use for a future house purchase so I realise I'm pretty limited to instant access savings accounts. I'm looking for any recommendations as to where to put the money for a short while.

Being a regular here on the money forum I'm fully aware of FSA limitations (£85K) so know I will need multiple accounts and also aware of the best buy savings account lists, but just wanted some input from here as I may have possibly overlooked something.

Thanks

All the current best buys are tailor made for people like you. I'm not interested in so many accounts which only allow 1/2/3/4 free withdrawals per year, but they are ideal for you. Think Coventry Poppy account, Nationwide MySave...

No harm in opening them now before you get the proceeds. Will make sure you have them before they are withdrawn, and will enable you to get them funded and earning interest quicker once you have the proceeds.

atush

Is the house jointly owned? you'll need less accts if they are joint as you get 2x85K