Where to keep emergency fund

jimjames

For that sort of money the best instant access rates, although more hassle, are bank current accounts paying interest

canaldumidi

eskbanker said:

MikeW91 said:

I also have an S&S LISA which is earmarked for the deposit on a house with the buy in around 18 months' time and a few quid in a S&S ISA for other savings goals.

I didn't pick up on this initially - if you're planning to buy a property in around 18 months time then it would be prudent to shift your LISA from S&S to a cash one instead, as it's entirely plausible that its value could drop significantly over that sort of timeframe....

Or hang on for a few months and watch the markets. If they rise a bit, that's the time to sell, but give yourself a time limit of, say 3 months.

Billycock

canaldumidi said:

eskbanker said:

MikeW91 said:

I also have an S&S LISA which is earmarked for the deposit on a house with the buy in around 18 months' time and a few quid in a S&S ISA for other savings goals.

I didn't pick up on this initially - if you're planning to buy a property in around 18 months time then it would be prudent to shift your LISA from S&S to a cash one instead, as it's entirely plausible that its value could drop significantly over that sort of timeframe....

Or hang on for a few months and watch the markets. If they rise a bit, that's the time to sell, but give yourself a time limit of, say 3 months.

OP has already pointed out that he exercises his own methods of operating.