Where to put Cash short term?

Vagabond225

Hi

I am in the process of buying a new home, as part of this process I will be collating money from various sources (ie Borrow-back on existing mortgate, Savings, Remortgaging existing property). I will have around £120,000 for around 2 months, and would like advice on what do with it.
Are there any options that will give more than a measly 0.1% interest that I'd get from my current account, just for this short period.

Any advice appreciated.

T

Archi_Bald

The most sensible place for your requirements is the NS & I Direct Saver
http://www.nsandi.com/savings-direct-saver

jamesd

You can probably beat the 1.1% taxable from NS&I if you're willing to use a range of savings accounts. However the fain if you were to have all of it in the Britannia account at 1.65% instead of NS&I 1.1% is £110 for two months so you might consider it not worthwhile. £20,000 in the Santander 123 current account would gain £63 vs NS&I. The Santander account may also be a good choice because it pays cashback on many bills that you are likely to have and that is quite likely to make you more than the £2 monthly fee it charges.