Where to put money for the next 4 months...

Vman100

So I have sold my house and I now £150000 (deposit for new house) sitting in my bank until our new build house is ready at the end of June.

Obviously I cant invest in anything that has any chance of losing money so I am looking for ideas on what to do with this to get the best return over the next 4 months.

I was thinking rather than open a standard savings account I could take my chance with premium bonds. I am thinking with 3 x £50000 in premium bonds I should have a fair chance of winning at least what I would earn in a standard savings account.

Does anyone have any better ideas?

eskbanker

Are there three of you to spread £150K worth of Premium Bonds between?

If you'll need the money back in late June, you'd only be able to participate in three Premium Bond draws anyway, so chances are you'd be better putting it into a savings account paying full pro rata interest for the 4.5 months - the FSCS temporary high balances provision would apply to cover the full amount even if all in one account.

capital0ne

NS&I Investment Bond at 1% will earn you just over £100/month in interest