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Safe, secure and lucrative house sale money
Ukuleleboy
Posts: 1 Newbie
I am selling my house and expect a gap of between three and eight months before the purchase on the new house completes. Where can I put my house sale income (£550,000) where it will be absolutely secure but also attract a reasonable rate of interest.
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Ukuleleboy wrote: »I am selling my house and expect a gap of between three and eight months before the purchase on the new house completes. Where can I put my house sale income (£550,000) where it will be absolutely secure but also attract a reasonable rate of interest.
NS&I 100% guarantee (unless UK PLC goes bust :eek:)
Otherwise you'd need to split it into £85k chunks (£170k chunks if there are 2 of you) and spread between different banks or banking
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You could gain a bit more interest if you max out several high interest current accounts - TSB, Nationwide Flexdirect, Club Lloyds, Santander 123 - but for that timescale might not be worth it - up to you
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