I will shorlty have a large amount to bank from the sale of my home. I won't to use this money for a

Terbern

I will shortly be receiving a large amount of money from the sale of my main home which I won't be required to use for 2/3 months for my next home. I understand FSCS will protect 'temporary high balances' for 6 months (over the £85K limit). Can I deposit my home sale  money in any easy access savings account where this applies or does it have to be an NS&I savings account which is owned by the Government.   

eskbanker

The point of the FSCS temporary high balances provision is that it extends the normal £85K limit to £1m for institutions where that lower limit would normally apply, i.e. non-NS&I ones, whereas the higher NS&I protection applies to all balances all of the time.

Albermarle

Terbern said:

I will shortly be receiving a large amount of money from the sale of my main home which I won't be required to use for 2/3 months for my next home. I understand FSCS will protect 'temporary high balances' for 6 months (over the £85K limit). Can I deposit my home sale  money in any easy access savings account where this applies or does it have to be an NS&I savings account which is owned by the Government.   

It can be any account, covered by the FSCS compensation scheme. Normally for max £85K, but more for a temporary high balance.
A few savings account have a relatively low maximum, so watch for that.