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Where to put a lump sum for 6 months?

tgon
Posts: 710 Forumite



We've sold our house and about to move into a rented house temporarily for about 6 months. We'll have about £140,000 to put somewhere - ideally with monthly interest that will help offset our rent. Even better if the interest can be paid into another account (e.g. our current account). If the right house to purchase comes up in the summer then we'll use the money as a deposit, therefore easy assess is required.
I've considered First Save Easy Access Account (Monthly) @ 6.5% AER and B&B Internet Save (2) @ 6.4% AER. There are a number of others as well but would certainly appreciate the opinions of this forum. We also have £12,500 in an A&L PlusSaver account for a rainy day but not sure if that should be pooled. (We're not very good at this sorta stuff - which is a worry in itself!)
Best advise most welcome. Thanks.
PS. We're over 50 and hear about "Over 50" type accounts but unsure if this matters in my query.
I've considered First Save Easy Access Account (Monthly) @ 6.5% AER and B&B Internet Save (2) @ 6.4% AER. There are a number of others as well but would certainly appreciate the opinions of this forum. We also have £12,500 in an A&L PlusSaver account for a rainy day but not sure if that should be pooled. (We're not very good at this sorta stuff - which is a worry in itself!)
Best advise most welcome. Thanks.
PS. We're over 50 and hear about "Over 50" type accounts but unsure if this matters in my query.
0
Comments
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Given that interest rates are likely to fall, would a 6 month fixed rate account be an option?Stompa0
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