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Where to keep deposit until I buy?
Hannimal
Posts: 965 Forumite
I have recently inherited £18 000. Together with my existing savings, this now puts me in a position to buy my first home (assuming I can get a 10% mortgage...). At the moment this money is just sitting in my current account, making me feel a bit uncomfortable. It's too much to pop into my ISAs, which between them have around £9K (3K in htb, 4K in LISA, rest in a cash ISA). I could just open a normal easy access savings account and pop them in there. Is there something smarter I can do with this? Thing is, I might end up putting an offer next week if things work out, but equally might take another who-knows-how-many months.
Thanks
Thanks
0
Comments
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Probably best just to put it into the best-paying easy-access account:
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
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I agree with esk', no point tying it up. Anyway, rates are pretty poor at the moment anyway.Now a gainfully employed bassist again - WooHoo!0
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