Sold house- now can't buy somewhere

DaveONtheSAVE

Hi long time creeper first time poster, hoping somebody might have advice for me, I live in Northern Ireland. I sold my house pre Corona virus for £155k no mortgage I am not earning currently. The house I was going to purchase was pulled from the market and our deal was lost. I currently live in rental until such a time that I can view houses again and even then I another three months for paperwork to complete a new sale elsewhere. 
My concern is that I have 155k in a current account with danske Bank and dont know where it would be best placed. I could lock it for 6 months max or have an easy access and I believe anything above 80k in one account is a risk? Apart from these thoughts I am out of my depth here. If you have advice that could help me I would love to hear it  

bowlhead99

FSCS covers 'temporary high balances' from a property transaction for up to six months, but before you reach the point that you've had a high balance for longer than that, you should either split it up into a couple of £80k chunks (to stay within the standard £85k limit for protection on the principal and accrued interest) or perhaps put it in NS&I (which is backed by UK treasury rather than FSCS so it's guaranteed regardless of how much you have in there). 

NS&I rates are not too bad compared to the commercial banks at the moment - they were planning to reduce their rates next month but have pulled that idea.

EdGasketTheSecond

Split it across two banks or put it in National Savings (NS&I) which has 100% protection on any amount. You can get 1% in direct saver account or 1.4% average on premium bonds but 50K max investment on those. Don't leave it in just one bank; although proceeds from house sales are supposed to be protected for 6 months, in the current situation I wouldn't like to have to rely on it.

xylophone

NS & I  Income Bonds might do
https://www.nsandi.com/income-bonds

ProDave

And in 6 months the next house you buy might be cheaper than the one you just sold.