Between houses following house sale

jlstxi

Hi I’ve sold my house and buying a new build which won’t be ready for about 6 months. I’ll have approx £195000 sitting in my account( joint with my partner) so we’re thinking separate instant access with our bank of £50000 each at roughly 4% paid monthly the rate drops for anything over that and £50000 max in premium bonds. Leaving the rest in one of our savings account. We need access to money to pay new house when it’s finished so can’t tie it in. Is this a good course of action

xylophone

Joint account with partner for the whole amount?

https://www.nsandi.com/products/income-bonds

Yorkie1

Don't forget that you are not limited to £85K protection for up to 6 months:
https://www.fscs.org.uk/making-a-claim/claims-process/temporary-high-balances/