What to do with £50K for a short period

Mike4328

In the enviable position that I have sold my house and have not yet found one to buy so I am moving out to rent short term.
Any advice on what to do with £50K for a short term safe investment to get the best return given that i also will need to get access to it quickly
I have been on the main site and clocked the Alliance and Leicester instant access account at 5.35%. I am also a lower rate tax payer

grumbler

1) Northern Rock online tracker, first 6 months 5.41%
2) A&L 5.35% (£25K max)
3) Bradford & Bingley eSavings account 5.25%

P.S. Forgot to mention something new:

5.4% Instant Access Saving Account

ICICI Bank HiSAVE 5.40% AER

P.P.S. A&L 5.35% not available any more.

helen21_2

Hi

Worth putting 30k in premium bonds? No interest paid but a good chance of winning some more money! And then find highest interest account for other £20k!

helen21

Ozi

Hi,

i'm new to all this so please bear with me.

I will shortly be inheriting a lump sum, 20K plus, and would like to invest for a least a 6 months with no access. May even not want to touch it for a year.

any advice greatly appreciated!

thanks in advance! :j

Ozi

grumbler

Welcome!
Why do you think that advice for £20K will be different from the one for £50K?

Helen_from_yorkshire

I'll look after it for you Mike !!!

Ozi

i appreciate what was said. i just wondered if there was anything better as i will not need access to the money for a while.

my you suit your name! :A