Short-term (6 month) savings?

doh69

We're having an extension built this year and to secure a decent fixed-rate mortgage before brexit we've taken the mortgage out about 6 months ahead of when we'll need the majority of the funds (although we'll use some sooner for architects, planning, etc).
So, we have a sizeable sum siting in our current account and need to do something sensible with it until we need it. I'd like to put most of this away for the extension, ideally somewhere where we'll at least make a little money on it.
I have thought of putting it into Premium Bonds which I know aren't guaranteed in terms of any return, but are at least guaranteed in that I have instant access and won't lose any money.
Are there better options? I'm only looking for about 6 month investment, with instant access (at least after 6 months), and no risk.
I'm a higher rate tax payer (with no real savings per se), my wife is a basic rate payer (again, no real savings), and we do have two children.
Any thoughts or suggestions?
Thanks

xylophone

You could consider NS&I Income Bonds.

https://www.nsandi.com/income-bonds

Other rates here

https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html

doh69

The Income Bonds look ideal - interest paid monthly, at a pretty good rate (for this), and instant access - exactly what I was looking for.
A lot of the other accounts seem to pay interest annually, which won't be any good for me, or restrict your access, etc.
Thanks for the info.

YorkshireBoy

doh69 wrote: »

A lot of the other accounts seem to pay interest annually, which won't be any good for me,

With very few exceptions (even for those paying a bonus interest amount), instant access accounts will pay you the interest accrued at closure.

But why are you desperate for the interest now/later in the year? Just leave the savings account open because...

I'm a higher rate tax payer (with no real savings per se), my wife is a basic rate payer (again, no real savings), and we do have two children.

...it may encourage you to change the above!