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Where to put money!
alicks
Posts: 2 Newbie
I wonder whether anyone can help...
I've recently managed to transfer my mortgage, on a reasonable rate 5.25% (a bit of an odd time to do it considering the climate!) but have an extra £57k in order to put an extension on the back. The extension could take up to a year, and I want to put the money somewhere that I have good access (cheque/cash) for when I need to pay builders and buy materials etc, but can earn reasonable interest on a depleting balance.
Most high interest current accounts want me to put money in every month, but I don't want to mix up the funds, as we are a bit rubbish with money:rolleyes:
Does anyone have experience of this? Your input is gratefully recieved
I've recently managed to transfer my mortgage, on a reasonable rate 5.25% (a bit of an odd time to do it considering the climate!) but have an extra £57k in order to put an extension on the back. The extension could take up to a year, and I want to put the money somewhere that I have good access (cheque/cash) for when I need to pay builders and buy materials etc, but can earn reasonable interest on a depleting balance.
Most high interest current accounts want me to put money in every month, but I don't want to mix up the funds, as we are a bit rubbish with money:rolleyes:
Does anyone have experience of this? Your input is gratefully recieved
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