Where to keep funds in short term

thunderroad88

ERAN is the ticker for Ishares Ultrashort Bond Acc which I’m now using to keep my dry powder cash I may need to deploy quickly, it returns just a bit above CSH2 and money market but obviously can be a little more volatile over shorter periods as it’s bonds.

Royal London funds I use are the Acc versions of Short Term Money Market, Short Term Fixed Income and Short Term Fixed Income Enhanced. Google them and you’ll get their ISIN numbers but they’ll come up in the search function on II

20122013

https://forums.moneysavingexpert.com/discussion/comment/81979721#Comment_81979721

A good reminder about the other options,if I was able to transfer over to a flexi cash ISA (212) then my money would have been be better off. But 212 does not accept previous years transfers or the amount I hold, also there is a risk of transferring into my current provider. So I will have to choose between STMMF or bonds.

eskbanker

212 does not accept previous years transfers or the amount I hold

Where is this stated?

20122013

https://forums.moneysavingexpert.com/discussion/comment/81982614#Comment_81982614

Source: https://www.moneysupermarket.com/savings/goals/?goal=SAV_CASHISA not sure whether I can include the link from money sup ermarket com

212: https://www.trading212.com/isa?cash-isa=

My money is from previous years and it is over the allowed amount (£20K). If I can put it to 212 I will save some fees but it will take around 10 days to transfer 'out to 212, and about 10 days back out from 212, Royal London is 4.07%? 0.12 OFC and then transfer fees etc

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81983247#Comment_81983247

That just means that the bonus rate is only available for current year money, not that "212 does not accept previous years transfers or the amount I hold".