📨 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!

Advice needed

Have 80,000 pound sitting waiting whilst I wait for my partner to sell her house, so could be 6 months could be 2 years. Whats the best place to put it?

Comments

  • Gromitt
    Gromitt Posts: 5,063 Forumite
    Savings account?

    http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

    Depends how much effort you want to put in (you can more %age, but they are typically limit by amount you can deposit, so you would have to spread the amount)
  • Saving is totally depend on your expenditure and how much money you can put into saving account.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Wherever you put it make sure you don't have more than £85K in total with that institution so it's fully protected, you may need to split it across two institutions. And as you don't know when you'll need it that rules out a lot of fixed term accounts, unless they allow early access (and then you'd have to decide whether the penalty for doing so reduces the interest paid to below what you'd get on an instant access or notice account).
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.