Best savings account for Inheritance holding account

I need to hold about £300k from an inheritance while house is sold and before distributing and investing money. Where would be a good savings account with easy access for this ? 

Comments

  • Flugelhorn
    Flugelhorn Posts: 7,132 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 21 May 2023 at 5:31PM
    It is in excess of the FSCS limit but is likely to be a "short term high balance"  - I used the NSI Direct Saver which I know some will say is not the best in terms of interest but is easy to manage
  • Marcus or Chase - good interest and very easy to manage. It's over the protected limit, but will be protected as a short-term high balance for 6 months as Flugelhorn says. However, if transferring through your bank, be prepared for plenty of fraud alerts and loss of access to your account. 
  • Beddie
    Beddie Posts: 973 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    If it's not going to be on deposit for long, you could save yourself any hassle about moving money around and just use a savings account with your existing bank. Much easier to deal with and you will probably have enough stress dealing with the payments anyway. But if you want to maximise every penny of interest - see above.
  • xylophone
    xylophone Posts: 45,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I need to hold about £300k from an inheritance while house is sold and before distributing and investing money. 

    Is this money you personally have inherited or do you mean that you are holding it as executor of an estate?

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