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Help needed re house sale investment
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TracCap
Posts: 5 Forumite
Hi
Hope you can help. I have recently sold my house and will have approx £74000 profit. I will be moving in with my parents and so will be looking to buy in the next few months. I am wondering where to put my money as i will need to be able to get at it asap and would like monthly interest paid on it. I would also be grateful for an idea of how much interest I would receive monthly. How do the calculations work out and where can I go to see this info on a calculator type basis
Please advise
many thanks
Hope you can help. I have recently sold my house and will have approx £74000 profit. I will be moving in with my parents and so will be looking to buy in the next few months. I am wondering where to put my money as i will need to be able to get at it asap and would like monthly interest paid on it. I would also be grateful for an idea of how much interest I would receive monthly. How do the calculations work out and where can I go to see this info on a calculator type basis
Please advise
many thanks
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Comments
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I would use ING direct, personally."Unhappiness is not knowing what we want, and killing ourselves to get it."Post Count: 4,111 Thanked 3,111 Times in 1,111 Posts (Actual figures as they once were))Women and cats will do as they please, and men and dogs should relax and get used to the idea.0
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You dont want to be investing it as you only have a few months. You would have to be extreme high risk in nature to consider doing that.
Stick to savings accounts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If you need it within the next 6 months, I don't think you'll beat the new "bonus savings account" from https://www.cahoot.co.uk.
Check out the current best buy savings accounts at https://www.moneyfacts.co.uk for other accounts.0
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