What to do with £120k? short/medium term.
Discussion
We're about to exchange on our house and am going in to one of my folk's rentals for the time being. As a result all of our equity will be sat in a bank account.
I guess we should split it over two different banks as I understand were only protected up to £70k? The next question is there anyway I can make some money on it but will have relatively quick access to it?
I guess we should split it over two different banks as I understand were only protected up to £70k? The next question is there anyway I can make some money on it but will have relatively quick access to it?
33q said:
Mass attack on current accounts. Santander 123, one each and a joint equals £60k
Tesco, Bank of Scotland and plenty more. Nationwide gives 5%.
A bit messy to set up but safe and instant access. I'd also suggest some in Premium Bonds....you might get lucky
Hadn't thought of Premium Bonds, thanks.Tesco, Bank of Scotland and plenty more. Nationwide gives 5%.
A bit messy to set up but safe and instant access. I'd also suggest some in Premium Bonds....you might get lucky
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