Selling up - Where to store the cash?

rosie.heyward

elverson wrote: »

Correct, thanks to the EU.

This is really good to know, thanks!
Although with the EU referendum coming up, we don't know how long this will be valid for, so I think I'm still going to split the cash up.
There's also the chance that we don't find the right house in 6 months.

I don't like the idea of saving stream, it seems too risky in comparison to the other options. I might consider it if this money wasn't needed to buy a house with, but I can't afford to take any but the lowest of risks here.

agrinnall

rosie.heyward wrote: »

I think I'm still going to split the cash up.

As pointed out in post #5 you don't have to do this, you can put all of the money into a NS&I account and it will be fully protected. You can make more interest with some of the money and still keep it safe but it'll take some work on your part.

Just as an aside, it's right that all funds in NS&I products are protected, but there are limits to how much you can put in particular products, the Direct Saver has the highest limit of £2 million.

http://www.nsandi.com/our-products

Sus59

National Savings Income Bonds currently pay 1.25%. You could channel the monthly income into a higher interest current account such as for example the Santander 123 account.