We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Where to store remortgage extra money for home improvements?

Naturelover22
Posts: 80 Forumite

Hello,
I am currently remortgaging and borrowing extra money to do some home improvement works.
The works will take months to happen and to pay in invoices so for a while I will have alot of money to store. (Well alot to me!)
Do I put it in a savings account?
Premium Bonds?
ISA?
Current account?
I have a savings account but it is just used for budgeting and I don't pay attention to the interest rate.
I would also prefer to have it with a more well known bank.
I don't think I can lock it away as I expect to spend it within 6 months and will need to withdraw a few times to pay tradespeople.
Any clever tips to make this work for me while I have it?
I am currently remortgaging and borrowing extra money to do some home improvement works.
The works will take months to happen and to pay in invoices so for a while I will have alot of money to store. (Well alot to me!)
Do I put it in a savings account?
Premium Bonds?
ISA?
Current account?
I have a savings account but it is just used for budgeting and I don't pay attention to the interest rate.
I would also prefer to have it with a more well known bank.
I don't think I can lock it away as I expect to spend it within 6 months and will need to withdraw a few times to pay tradespeople.
Any clever tips to make this work for me while I have it?
Grocery challenge June £241.19/£320. July £303.97/£215 August £318.68/£310
September /£300
September /£300
0
Comments
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards