High interest after house sale?

carisso

We have just sold our house, the house we're buying has fallen through so we have the funds from our sale to invest for a short [I hope] time until we find another place to live.

Where can we put the money so it will earn a decent rate of interest? We could leave it in our bank [Barclays] but I'm sure there are better places.Storage of our house contents cost a lot - we'd like to cover those, at least.
All advice welcomed!

Sorry if you've seen this question on another part of the site - I hadn't worked out how to post questions properly.

Robert_Sterling

Halifax Websaver and current account might be suitable.
5% interest on the websaver account.
You can move money to and from the current account and websaver in real time on line.

Mikeyorks

carisso wrote:

......... for a short [I hope] time

That's the crucial bit isn't it? As you don't know when you'll want it. So you need to consider if an existing savings account, whilst offering a slightly less attractive rate - is a better home than spending up to a couple of weeks opening one with a better rate? And you need to watch the daily withdrawal limit on some accounts (as low as £10k) - if your sum is substantial.

You're not going to do much better than 5% - and, as last post, I'm a fan of Halifax web savers. Currently 5% but hopefully set to rise a bit. They put their fixed rates up yesterday - so trusting the variable one is in prospect. If you go that route - don't open the one with a Cash card - as that loses you 0.5% interest.

tom188

IceSave is highest rate currently if you have a cash ISA. And your never going to need your money in less than a week for another house purchase are you.