Where to keep a chunk of money for 6 months?

dllive

Hi,

My mortgage is coming up for renewal in Feb 2020. (Currently paying 2.9%).

I have a chunk of money which Ive got earmarked to pay off some of the mortgage. At the moment its just sat in my current account. Is there anywhere I can put it that will earn me more than 0.001% interest in 6 months?

Or perhaps I would do better putting it in a longer fixed rate account. Althouugh that depends on what rate I can remortgage at. My feeling is that Id be better off paying a chunk off the mortgage.

Thanks

worried_jim

https://www.marcus.co.uk/uk/en/savings

MovingForwards

https://uk.virginmoney.com/savings/products/double_take_e_saver_issue_10/

Zero_Sum

Marcus is the best easy access account at 1.5%
Masthaven bank do 6 month fixed term accounts at 1.73%

But if you can overpay without penalty fees before you renew, probably best do that

typistretired

Zero_Sum wrote: »

Masthaven bank do 6 month fixed term accounts at 1.73%

Never heard of Masthaven before so after seeing your 6 month fixed term at 1.73% decided to have a look at them but there is no 6 month fixed term on their website. 1 year is the shortest period @ 1.80%

Zero_Sum

typistretired wrote: »

Never heard of Masthaven before so after seeing your 6 month fixed term at 1.73% decided to have a look at them but there is no 6 month fixed term on their website. 1 year is the shortest period @ 1.80%

Further down theres a time scroller thing where you can set your own term
Ive got a 57 month one with them for same reasons that it coincides with my mortgage deal ending

typistretired

They are having problems with their website at the moment so couldn't apply but thanks for the heads-up!

badger09

Zero_Sum wrote: »

Further down theres a time scroller thing where you can set your own term
Ive got a 57 month one with them for same reasons that it coincides with my mortgage deal ending

typistretired wrote: »

They are having problems with their website at the moment so couldn't apply but thanks for the heads-up!

working ok on Google Chrome

typistretired

Have finally managed to open an account. Quite happy at rate for 6 months.

dllive

Wow - thanks guys. This forum is awesome!

typistretired

Oaknorth have a 6 months one too but seem to have a problem with deposit coming from a joint account.