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Equity from home sale
redev2005
Posts: 14 Forumite
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.
Does anyone have any suggestions that are fairly low risk. I do not anticipate needing the cash for at least a year.
0
Comments
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Start here:
http://www.moneysavingexpert.com/banking/compare-best-bank-accounts
Look at the Top current accounts that pay you interest section.0 -
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.0
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