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Short Term savings
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SunShineGarbo
Posts: 5 Forumite
I'm selling a house that I have been renting out, to buy an alternative property to rent out. Basically I will have the sale proceeds of around £150,000 to "save" until I buy another property in a different location. I'm seeking out the best type of bank or finance house to hold £150k for 3 to 12 months. Best interest and safe and secure as possible.
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If there are two of you put it in an easy access savings account, perhaps Tesco. If there is just you then split it across two separate organisations to stay within the FSCS protection limit of £85,000. For simplicity you could look at one of the NS&I products0
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