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What's the best thing to do with £260k for 1 month?

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Comments

  • Spidernick
    Spidernick Posts: 3,803 Forumite
    1,000 Posts Combo Breaker
    If you've sold an 'investment flat' then it is highly likely that you and your wife will both have Capital Gains Tax to pay by 31 January 2017. If so, make sure that you have accounted for this, otherwise it could come as a nasty surprise!
    'I want to die peacefully in my sleep, like my father. Not screaming and terrified like his passengers.' (Bob Monkhouse).

    Sky? Believe in better.

    Note: win, draw or lose (not 'loose' - opposite of tight!)
  • VT82
    VT82 Posts: 1,091 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You don't need to worry about the FSCS limit - as of today it's covered up to a million for up to 6 months due to being the result of a house sale.

    Stick it in the highest paying (or if the highest paying looks like it would be slow to open, quickest opening decent paying) savings account you can find. Aiming for 1.25% seems reasonable to me.
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