Equity from home sale

redev2005

I have recently sold my house and have bought a place with my partner. I am left with £10k that I would like to save for a while.

Does anyone have any suggestions that are fairly low risk. I do not anticipate needing the cash for at least a year.

TheShape

Start here:

http://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Look at the Top current accounts that pay you interest section.

xylophone

You and your partner could each open a Nationwide Flexdirect account and you could both open a joint account.

£2500 in each gives you 5% for a year - you could then open a couple of Tesco current accounts - £1250 in each and move in the monthly interest arising on the Nationwide accounts.

You can move out (and back again) the required £1000 a month funding for the Flexdirects.