What to do with house sale money

WCFields

We are about to complete on the sale of our home and are renting whilst we find a desirable replacement home.
We have a substantially large pot and would like to place it in the safest place possible with the best return possible, but also have reasonably quick access to the funds should we find a property. My wife and I can max out on Premium Bonds if required and place the substantial balance in a NSI Direct Saver joint account.
Short of the "3:30 at Plumpton" ... are there any other safe options?   many thanks

eskbanker

Probably worth reading an almost identical thread from earlier today:

https://forums.moneysavingexpert.com/discussion/6287854/saving-options-help-please

grumiofoundation

See similar thread from earlier today
https://forums.moneysavingexpert.com/discussion/6287854/saving-options-help-please#latest

Edit: beaten to the draw by eskbanker, the fastest gun on the forum for today... 

Albermarle

eskbanker said:

Probably worth reading an almost identical thread from earlier today:

https://forums.moneysavingexpert.com/discussion/6287854/saving-options-help-please

There is an almost identical question every day , or seems like it anyway .

WCFields

Thank you to both of you for your responses'
Read the link and Pretty much same as I guessed ....  we're ending up with 1.2m funds .. 100k premium bonds and initially the balance straight to NSI Direct Saver ... often suggested is opening lots of new bank / savings accounts ... I have heard many times that in this day and age, opening multiple separate bank accounts is extremely difficult due to money laundering monitoring?  many thanks

eskbanker

WCFields said:

I have heard many times that in this day and age, opening multiple separate bank accounts is extremely difficult due to money laundering monitoring?

News to me, where have you heard this?

OldMusicGuy

WCFields said:

 I have heard many times that in this day and age, opening multiple separate bank accounts is extremely difficult due to money laundering monitoring?  many thanks

It's not difficult, just time consuming. I had to do this when we sold our house. I had to open 5 accounts, no problem at all but the amount of paperwork was annoyingly large (including getting many copies of documents certified at the Post Office).

NS&I were so difficult to deal with that I gave up on them completely.

014london

Hargreaves Lansdown has an Active Savings service. You only have to do the paperwork once and do all the research on the best paying accounts. You can then choose whichever savings product you like.

JGB1955

Your first £1M is protected for 6 months - Temporary high balances | Check your money is protected | FSCS
Marcus Bank can sort out your first £500K between you@0.5%.