Help needed with instant access account, please.

oopalah

Hi,
I sold my house last month and haven't as yet found another one to buy. I'm currently staying with my mum. Can anyone advise me on where to put £100,000 which is currently in my Current account at First Direct. I shall need to use all of it at short notice when I find a house to buy. Is it worth doing for the interest even if it's just for a couple of months? Thanks for any help.

opinions4u

Aim for over 2.75%.

That, over 2 months, is £458 before tax.

So I'd say it's worth it. AA, Halifax, ING, Tesco will all have accounts in that range. Others in the link below.

http://www.moneysavingexpert.com/savings/savings-accounts-best-interest?utm_source=forum&utm_medium=clicks&utm_campaign=resourcebar

Split it over 2 banking licences - remember £85k FSCS cap.

oopalah

Thanks, opinions4u, I think I shall put most of it in the Nationwide Mysave Online Plus a/c as I shall definitely only be making the one withdrawal. Thanks for your help.