Short term saving for £60k / current accounts

[sagt550]

It's been a while since I've reviewed my current account/savings but am currently in a situation whereby I have £60k sat in my natwest black in lieu of an extension and our wedding next year. The time frames don't really warrant a classic "investment", but am conscious that I should probably put it somewhere that at least earns a bit of interest as the natwest account is 0.25%.

This then got me thinking, am I really getting the value out of the £26 a month I pay for this account. In reality the travel insurance is handy, although not used that often, breakdown cover is essential and mobile phone insurance/home emergency insurance has been used once or twice.

Any thoughts much appreciated. I probably need to stick all this into a spreadsheet but just after some ideas of where to look...

[Zoon]

Standard PH response: Santander 123 x 3

[RizzoTheRat]

Yep, if you're married you can have one each plus a joint one. £5/month each but 3% on up to £20k plus cashback on all sorts, but you mention saving for a wedding in which case I believe they'll only let you have one, and if you gift money to your fiancé to open one there might be some tax implications?

[Ozzie Osmond]

Tesco Bank offer an internet savings account which currently pays 1.22%

[Simpo Two]

Like others though it has strings attached.

It's crazy. The more you save the less interest you get.

[sagt550]

Cheers all - will go down the 1-2-3 route

[mrsshpub]

sagt550 said:

Cheers all - will go down the 1-2-3 route

You might want to read this: http://blog.moneysavingexpert.com/2016/07/27/if-sa...

[anonymous-user]

The interest will be so small that I'd shove it all into Premium Bonds assuming you are not already maxed out (£50K per person).

[TvrJohn]

How about short term lending through a peer to peer group, Zopa or Ratesetter