Short term safe placement of cash.

[Sheets Tabuer]

I've sold a house and have 150k left over from the sale, I may buy another property and rent it out or me and the Mrs could pool our resources and buy a bigger place so I really need to have the money to hand if possible.

I know I shouldn't just stick 150k in one bank account so apart from sticking it in a couple of accounts with different banks what can I do with it?

Cheers.

[4159265]

To keep it safe, thats all you need to do - why do anything more complicated?

If you want better returns you'll obviously have to define 'safe'

[NDA]

NS&I

[williaa68]

NDA said:

NS&I

+1. The direct saver at 0.7% isn't bad if you think you may need the money soonish and can't be bothered splitting across multiple accounts.

[alscar]

I may be wrong but thought following a house sale you get much higher limits of protection for up to 6 months just as you would with a Divorce ?

[Sheets Tabuer]

Cheers I'll have a look, I have no plans on buying anywhere but if I drive past somewhere I like I might be tempted hence the easy access.

[Steve Campbell]

£50k each in Premium Bonds. Safe as houses but no guarantee for growth.

[JulianPH]

As has been said, split between the two highest paying deposit account (make sure they have different banking licences), NS&I or premium Bonds.

Anything else is over complicating a simple situation.