£160,000 short term

katnew

We are due to receive approx £160,000 in the next week or so from a property sale.


Around £100000 of this will be needed in the next 6 months for an investment. The rest will be used over the next 3 years for mortgage overpayments & a couple of other projects.


My question is where best to keep this money mainly short term.
Currently planning

£53,000 into Santander 123 accounts (topping one up to £20k and putting £20k into 2 other accounts just opened)


£2,500 into TSB Classic Plus (already have 1 of these)


£12,000 into Tesco Current Accounts (2 each)


£5,000 into 2 Nationwide Flex Direct Accounts


We both also have a HSBC Loyalty ISA which we are paying in £25 a month each to (mainly to get the £10 month bonus as the rate is very low) so not sure worth topping these up to max out until April?


So not sure what to do with the remaining amount and where best to put it to get some interest. There are a number of regular savings accounts that happily take out but need somewhere to "feed" these from that will also be earning a bit of interest!


Suggestions welcome....


Kat

Sam_J12

If you are interested in even more current accounts then you might want to look at:
You can get 4% on £15,000 in three Club Lloyds accounts
You can get 3% on £9000 in three Tesco banks accounts.

You might want to consider this 120 days notice account that pays 1.91% if you don't want the hassle of lots more current accounts: https://www.securetrustbank.com/120-day-notice-account-issue-16

katnew

Thanks Sam_J12 - got Tesco on the list but think will give Lloyds a miss (really bad experiences with them in the past!) Will llook at that notice account.