Where to put large some of money for maximum short-term return

housebuyer7

Hello,
just sold my house and now have £130,000 in the bank. Potentially it’s going to stay in savings for 1-4 months until the next house buy goes through. Where am I best holding this cash for maximum return that also means I can easily get it out again ready for my next house sale? My husband and I do have premium bonds accounts set up or should we set up a new savings account?

Ayr_Rage

Trading 212 Invest, 4.9% (daily interest) on cash, instant access, some funds will be held in QMMFs.

Edit : Just seen the post from @wmb194 below, you won't find Trading 212 on comparison sites due to the way it works, even though it's on the INVEST page you can still just hold cash, I have done so for several months.

https://www.trading212.com/invest

wmb194

housebuyer7 said:

Hello,
just sold my house and now have £130,000 in the bank. Potentially it’s going to stay in savings for 1-4 months until the next house buy goes through. Where am I best holding this cash for maximum return that also means I can easily get it out again ready for my next house sale? My husband and I do have premium bonds accounts set up or should we set up a new savings account?

https://moneyfactscompare.co.uk/savings-accounts/

etienneg

Forget premium bonds for such a short time scale. New ones have to be held for a full month before being entered in a draw. So the first draw for bonds bought now is 1st April.

If you want your money back in 4 months (mid June), it will have been in three draws. But if you need it in 4-6 weeks, it won't even have got in a single draw.