High interest easy access on £200k

poolboy

I d max out on regular savers too, look at the rsa thread and work down in rate order.

aroominyork

You will have to pay tax on interest and if you are a higher rate taxpayer that is doubly important to build into your calculations. Short duration low coupon gilts could play a useful role https://www.yieldgimp.com/

captain_jep

We are in the house purchase process at the moment. We have varied our deposits between easy access and up to 3 months on fixed rate. Don’t expect the purchase process to take less than that. This will also protect you against further rate cuts.

Painter23

Thank you all for your thoughts. I hadn't appreciated i might need to pay tax on the interest accumulated in a savings account, so definitely one to bake into my numbers 

poolboy

Yes try and optimise tax by moving money into accounts paying next tax year.  If you have a big expense looming like house purchase, building work, it's not kicking the can down the road.  I see my coventry easy access 4.85 is nla, so bag any decent deal while available.