Unexpected but short term wad of cash....

Lebiba79

Looking for some advice... we were gazumped on Christmas Eve (insert expletives) but hadn’t yet exchanged on our house sale.

We’ve decided to go through with our sale and not treat our purchasers like we have been treated (bit bitter...).

We are going to move into a rented house for a while and keep looking for a new property, but reckon it could be 6-12months before we are home owners again.

After advice on how we should deal with the proceeds of our house sale. We want the money to work for us a bit but also be accessible! So far all I’ve thought it both of us max out on Premium Bonds...

any advice gratefully received

eskbanker

Premium Bonds are a good place to start, as are articles such as:
https://www.moneysavingexpert.com/savings/which-saving-account/
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

Albermarle

After advice on how we should deal with the proceeds of our house sale. We want the money to work for us a bit but also be accessible!

Needing the money to be accessible, restricts you to low interest easy access savings accounts Easy Access Savings | Up to 0.75% Variable | moneyfacts.co.uk

Or Premium bonds - max £50k per person.

Lebiba79

Or Premium bonds - max £50k per person.

Thank you! I thought Premium Bonds were £36k so that’s helpful