Short-term savings

headintheclouds

Hi,

This is probably a familiar query to those of you who frequent this board, but I've looked at other threads and articles and still feel I need to get some advice. Next week, if all goes according to plan, I will have about £190,000 from the sale of my parents' house. I am buying a new-build house which is due to be finished at the end of September and have already paid the deposit. The rest of the money will be needed to complete the sale.

Should I just open an account, for example the HiSave one mentioned in Martin's article on savings, or is there something else I should do with the money in the meantime? It's only three months, but if I can get a bit of interest, I might as well.

Is it safe to put all the money in one place, or should I split it up and spread it around?

Would very much appreciate any help you more experienced Moneysavers can give me.

Thanks in anticipation ...