Where to put £60k for 6 months?

The_Real_Cheddar_Bob

simple, 50% on red, 50% on black and just hope it lands on one of them

Alexland

HSBC and M&S also have regular savers just check you can break early and still get daily interest. House purchases usually take longer to complete than expected anyway.

Definitely not willing to save 12 months in a Skipton LISA if you qualify?

TheShape

Rags2riches wrote: »

With Club Lloyds Regular Saver it says they pay interest annually. Does this mean they pay the interest on the balance at the end of 12 months or do they calculate the interest daily and pay it out annually?

i.e. If I pay in £400 per month for 6 months and then withdraw it will that accrue interest over that period or will they pay 0?

Calculated daily and paid on the anniversary of account opening. If you contribute £400 for 6 months and then withdraw the lot you'd receive roughly half the interest on the anniversary date that you would have expected if you'd paid £400 every month for the full 12 months. You obviously must be sure to continue to meet any requirements re minimum payments etc until the full term of the Monthly Saver.