62k to save for 1 year - help!!!

Louise1977

Hi. Very new to all this, but need help to understand best thing to do.....
My husband and I have recently separated. He has bought me out of 1 of our 2 houses. Our second house which we let out needs to be left alone until Dec 2017, when we will sell. I am currently in rented accommodation, and happy to stay put out until Jan 2018 when I can buy my own house with the joint proceeds of both houses.
I have just received 62k into my current account - what do I do with it for the best, and to make sure it works well for me until I can buy in Jan 2018. Thank you.

bubbs

I would be interested in the answer to this as someone just asked me with a similar amount today

kidmugsy

You could try to get as much as possible into high-interest current accounts before the rate cuts take effect.

You could try looking for decent fixed term accounts maturing around Jan '18.

Or you could bung £50k into Premium Bonds and say a little prayer every month.

Though come to think of it, you might not be wild about winning a million and having to give half to your ex. It's worth asking your lawyer whether any money that accrues to you after separation counts in a divorce settlement.

snowytoday

Same situation here. I just got 80K, I've put 20K into a Santander123, 15K into an ISA - so what to do with the other 45k?
Premium bonds are a wing and a prayer. I'd be happy with 1% return and I don't want to gamble it on stocks and shares.
Is there anywhere else safe for a 1% return?
Cheers

Startup1985

snowytoday wrote: »

Same situation here. I just got 80K, I've put 20K into a Santander123, 15K into an ISA - so what to do with the other 45k?
Premium bonds are a wing and a prayer. I'd be happy with 1% return and I don't want to gamble it on stocks and shares.
Is there anywhere else safe for a 1% return?
Cheers

NS&i. :beer: