savings help!

Fairy28

To cut a long story short i will soon be receiving 35000. This will be used as a deposit on a house however we are not able to buy the house until October. What should i do with the 35000 to get the most interest? are there any accounts that allow me to save for a short period of time of do i have to invest the money for longer?

Thanks

bobobski

Lucky you! Short answer: Don't bother with the faff of multiple high interest current accounts etc for 6 months; you're far better off with NS&I.

Alternatively, you could open one Santander 123 account for £20k and put the remainder in an ISA.

Orrr if you want to play the current account game, Santander 123 for £20k, Tesco x 2 for £6k, Nationwide for £2.5k, TSB for £1.5k and BOS Vantage x 1 for £5k. That'll require quite a few direct debits though.