Where to put £350K?

starheliomos

Hi all

Just sold my house but will not be buying a new property till much later in the year.

Am looking for best place to put the cash (£350K) for such a short term (6 - 12 months) with easy access (max 30 days).

Thinking about ICICI, IceSave, ING but could be trickey / messy finding 10 of such accounts so as not to go over the £35K 'safe' limit.

Any suggestions?


Thanks/Regards
StarH

Tom_Jones

Please send it to me I won't spend it honest guv.

BSingh

Why dont you spend about 10-15 minutes reading through the other threads for an answer to this question?

Chrismaths

http://forums.moneysavingexpert.com/search.html?searchid=7243444

MisterDDB

put it on red.

no black.

red.

i dunno

Heinz

starheliomos wrote:

Hi all

Just sold my house but will not be buying a new property till much later in the year.

Am looking for best place to put the cash (£350K) for such a short term (6 - 12 months) with easy access (max 30 days).

Thinking about ICICI, IceSave, ING but could be trickey / messy finding 10 of such accounts so as not to go over the £35K 'safe' limit.

Any suggestions?

Thanks/Regards
StarH

I'm surprised at the less-than-helpful replies you've received so far so I'll recommend the most recent similar thread - http://forums.moneysavingexpert.com/showthread.html?t=358875 in the hope of redressing the balance (so to speak).

However, you seem to have your eye on the ball with ICICI etc. and being wary of the £35k figure for security - although, in reality, only £2k is REALLY safe (£3k to £35k is only 90% safe).

amcluesent

>Any suggestions?<

Send it to Gordon Brown, c/o 11 Downing Street.

After all, he's always telling us how prudently he is investing our money in the NHS etc. etc. Surely he's not just spent and wasted it....Oh, wait! :mad:

Dukes_of_hazard

Hi

We did the same thing last year. Had about £200000 to invest. We put it in to first direct who had very good rates at the time.
Unfortunately we did not read the small print about not getting any interest for the month if you make a withdrawel.
We got to exchange and realised that even taking out £1 would cost us about £500 in interest. The people in out chain were a bunch of miserable g1t5 and would not wait 3 days till the end of the month to exchange.

Not that I am still bitter or anything !!

RTT&C !!

Swattie

you could put it in a term deposit

you can select your term for anything from 1 week to 1 year