What to do with £250k short term?

[Patch1875]

This has probably been asked before but what’s the best place to park £250k for a few weeks risk free and easy access?

[BoRED S2upid]

A couple of bank accounts.

[Thin White Duke]

50K In Premium Bonds, rest split across best easy access.

[PositronicRay]

National savings is 2.85%. Premium bonds req a full month before being entered into a draw.

[PM3]

Thin White Duke said:

50K In Premium Bonds, rest split across best easy access.

Wouldn't be even valid for draw until beginning of April, so if its " a few weeks" don't bother

[Doofus]

PM3 said:

Thin White Duke said:

50K In Premium Bonds, rest split across best easy access.

Wouldn't be even valid for draw until beginning of April, so if its " a few weeks" don't bother

Bit it is risk free. The OP asked for risk free, not profit.

[BoRED S2upid]

Doofus said:

PM3 said:

Thin White Duke said:

50K In Premium Bonds, rest split across best easy access.

Wouldn't be even valid for draw until beginning of April, so if its " a few weeks" don't bother

Bit it is risk free. The OP asked for risk free, not profit.

It’s pointless.

[alscar]

I think Paragon is currently the highest instant access at 3.10% but obvs only up to £85k guaranteed safe or £170k if joint if just savings but 100% safe if inheritance / house sale proceeds etc.

[Patch1875]

Doofus said:

Bit it is risk free. The OP asked for risk free, not profit.

Profit would be nice!

Had some more info on the house so looks like a five week gap.

I’ve got the e saver with Santander noticed that’s up to £250k

[Stuart70]

alscar said:

I think Paragon is currently the highest instant access at 3.10% but obvs only up to £85k guaranteed safe or £170k if joint if just savings but 100% safe if inheritance / house sale proceeds etc.

Good shout - not sure they will guarantee the rate of return, but you will have fun waiting to see…

https://www.paragongb.com/876/porsche-for-sale/por...

[PM3]

Stuart70 said:

alscar said:

I think Paragon is currently the highest instant access at 3.10% but obvs only up to £85k guaranteed safe or £170k if joint if just savings but 100% safe if inheritance / house sale proceeds etc.

Good shout - not sure they will guarantee the rate of return, but you will have fun waiting to see…

https://www.paragongb.com/876/porsche-for-sale/por...

For one stop safe, interest and a million limit ....... I went in past for house sale type money ( and will use again this year ) my NS&I Direct saver which I always keep a little in to keep it active

[alscar]

Stuart70 said:

Good shout - not sure they will guarantee the rate of return, but you will have fun waiting to see…

https://www.paragongb.com/876/porsche-for-sale/por...

Excellent alternative but probably too short a window for profit.

[fridaypassion]

Bitcoin and Tesla shares

• This may not be very good financial advice

[bitchstewie]

A few weeks and risk free?

Just put it in the bank.

[wattsm666]

The £85k fscs protection is increased for temporary high balances, such as proceeds from a house sale. Might be useful info to someone.