We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Best place to temporarily store proceeds of a house sale

2»

Comments

  • ChilliBob
    ChilliBob Posts: 2,390 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    I suppose, but is it more hassle to get the cash back as you have to prove the 'life event' as opposed to it being automatically returned if its 85k or less? 
  • Mickey666
    Mickey666 Posts: 2,834 Forumite
    1,000 Posts Photogenic First Anniversary Name Dropper
    ChilliBob said:
    Also, aside from PBs I'd avoid NS&I due to people having issues getting the cash out! (combined with poor rates there's little benefit if you only need to open 5-6 sccounts
    I moved a few £1000 out of NS&I direct saver on Monday and it was in my bank account on Tuesday.  No problems.
    Agree about their poor rates at the moment though.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.