Where to put lump sum for 6 months?

RubySparkes

We have recently inherited £80k and my work contact is up for renewal in March 17, so may need to dip into it then. Is there a place we can put it short term (other than a savings account) where we will benefit without risking capital? Would appreciate your thoughts

xylophone

Very slim pickings on savings accounts.

http://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

http://www.nsandi.com/income-bonds

You could look at interest paying current accounts but you may feel that for around six months you don't want the faff. The rates are currently under threat.

That said, two Tesco Current accounts each and two sole and one joint Nationwide Flexdirect wouldn't be too much trouble - you'd be earning £5 on £3000 in each of the Tesco accounts and 5% on up to £2500 in each of the Flex direct.

You could also open a sole TSB Plus each and a joint account as well.

At the moment, you can earn 5% on up to £2000 in each account.