Best way to save £140k for a few months

badger09

YorkshireBoy wrote: »

I'd like to say it was for illustrative purposes, but I'm guilty as charged and have just 3 more minutes left on the naughty step!

Must have been a very recent drop?

Ok, you can get up now.

No idea about the Virgin rate change. Its not something which would have attracted me.

YorkshireBoy

badger09 wrote: »

No idea about the Virgin rate change. Its not something which would have attracted me.

I did have some cash in their old Defined Access account, but shifted it to Tesco for 1.35% when the rate dropped.

I'd have had to move it fairly soon, as I was getting uncomfortably close to the FSCS limit across all my accounts with them.

badger09

YorkshireBoy wrote: »

I did have some cash in their old Defined Access account, but shifted it to Tesco for 1.35% when the rate dropped.

I'd have had to move it fairly soon, as I was getting uncomfortably close to the FSCS limit across all my accounts with them.

Too many Virgins?:p

RG2015

You may need to pay tax on the interest earned. If you are a basic rate taxpayer your personal savings allowance (PSA) will be £1,000 per year. If you are a higher rate taxpayer your PSA will be £500.

However, as long as you buy within 6 or 7 months your interest will not exceed the £1,000 PSA.