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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Sold house - Making money work for me
Marvin6418
Posts: 13 Forumite
We have just sold our house and know that it will be at least 4 months before we are able to start looking for our next property.
We are currently staying with family so have no rent to pay and the ability to save on top of the current collateral we have. We would love to make the most of the money that we have left from the sale but will obviously need access to it soon.
We know with the state of the market interest is very low at banks at the moment. Can anyone help with any information of the best way of making this money work for me while sitting there?
We are currently staying with family so have no rent to pay and the ability to save on top of the current collateral we have. We would love to make the most of the money that we have left from the sale but will obviously need access to it soon.
We know with the state of the market interest is very low at banks at the moment. Can anyone help with any information of the best way of making this money work for me while sitting there?
0
Comments
-
If you want to be able to access your money in 4 months the only safe place is a savings account. Anything with potential higher returns will involve a significant risk that you end up with less than you started.0
-
Click savings the top for the latest list of instant access accounts with best rates and put 85k in different ones for safety.0
-
If you are married, you can put 170K into acct joint acct opened. Fill your cash ISAs to keep some of it free from tax.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards