Best option for saving money from house sale?

kbwiv

Any suggestions?

We're considering selling our house and moving into rented accommodation for 12-18 months while we tidy up a few loose ends and consider options for buying somewhere else. I'm aware of the financial risks, including inflation devaluing any money we have from selling the house, and our purchasing power diminishing the longer we're in the in-between phase (assuming house prices continue to rise), but we have lots of positive reasons for considering this to be a strong option. So what would be the best thing to do with the money we make from selling the house? We need relatively low-risk, and we don't mind tying it up for a while, but don't really know when we'll be ready to buy somewhere new and so would need to release the money. Is there anything better than a combination of cash ISAs and savings accounts?

Many thanks for any ideas you may have!

MX5huggy

Not really probably add Premium Bonds to the mix, probably need rates to rise on them again to make them worthwhile ignoring the small chance of a big win. 

Albermarle

Compare The Best UK Savings Accounts | moneyfacts.co.uk

Bigwheels1111

WOW, whats this the 3rd time this question has been asked in the last 2 weeks.

Exodi

kbwiv said:

Any suggestions?

We're considering selling our house and moving into rented accommodation for 12-18 months while we tidy up a few loose ends and consider options for buying somewhere else. I'm aware of the financial risks, including inflation devaluing any money we have from selling the house, and our purchasing power diminishing the longer we're in the in-between phase (assuming house prices continue to rise), but we have lots of positive reasons for considering this to be a strong option. So what would be the best thing to do with the money we make from selling the house? We need relatively low-risk, and we don't mind tying it up for a while, but don't really know when we'll be ready to buy somewhere new and so would need to release the money. Is there anything better than a combination of cash ISAs and savings accounts?

Many thanks for any ideas you may have!

You'd only be able to put 20k into a Cash ISA each tax year (assuming you don't have an S&S ISA) and the rates are usually rubbish.

Rathen than parrot what has already been said - you can find the best rates for each account type here:

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#types

(this is assuming you don't want the risk of investing the money).

Albermarle

Bigwheels1111 said:

WOW, whats this the 3rd time this question has been asked in the last 2 weeks.

The same or very similar question, is asked at least once a week, every week, for the past X number of years.