Investing new house Deposit

PM

I have just over 20k for deposit on a new house but need some where to maximise interest while a) save more, b)while I find a property.

what is best place to earn interest but ideally also have access to the money?

Liz_the_Whizz

I would put it in Icesave - easy access and they are still paying 6.3%, even after the December Bank of England rate cut. Inevitably, it will come down if BoE rates drop again, but it's always going to be competitive.

Also look at ICICI @ 6.41%. Higher rate, teething problems now solved?

You take your choice. People tend to be Icesavers or ICICIers.

Lavendyr

I'm an Icesaver all the way, recommend them very highly.

Primrose

I was also going to suggest the Icesave easy access account. If you could be sure of not needing your savings for 6 or 12 months you could consider a fixed term savings bond, and if you're a taxpayer you could max out on a cash ISA for this tax year and the next one to avoid paying tax on your interest but be sure to check first that there are no penalties when you need to withdraw your savings.

dunstonh

Only in the interests of consistency and clarity.... You should not invest the money. You dont have the timescale and therefore should stick to savings accounts (as the answers have suggested).