Where to put £30k short-term?

innocentlady

Hope someone can advise please.

We will shortly be completing on the sale of our flat. Once we have paid off credit cards and various fees (estate agent/solicitor) we will have about £30,000 left. We will use this as the deposit on a new house when we find something suitable - in the meatime we are moving in with relatives.

Where is the best place to put the money? With the current NR crisis, my husband is suggesting under the mattress, but I don't really think that's a good idea :rolleyes:

Somewhere it will earn a bit of interest, but we obviously need immediate access to it for when we find a house.

All help gratefully received.

McSaver

I would put in a Icesave or sainsburys internet saver account as you will need instant access for when you decide to buy a new property and you can get your money within a few days.

innocentlady

Thanks for that, McSaver - I'#ll have a look at the Sainsburys one you mentioned.

Fenella

Before you open an account with Sainsbury's look at this thread:
http://forums.moneysavingexpert.com/showthread.html?t=546031
People in your position (having moved home recently) are having difficulty in providing the necessary verification.