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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Saving £1 million in short term
harvav
Posts: 1 Newbie
We have recently sold our property and have moved into rental accommodation while we hunt for our new home. Does anyone know where we might save this in a short term easy access savings account (hopefully) until we need it to pay for a new property
0
Comments
-
NS&I; full amount will be protected but you wont get much interest.
0 -
.."It's everybody's fault but mine...."0
-
You are not going to get great rates, so just pick an account that has the FSCS protection (you will be protected upto £1million for upto 6 months).
If you have slightly more than 1 mill then split it across two separate institutions (with separate FSCS licences)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards