Short-term investment for a few hundred k

[telford_mike]

Just sold our house, and new place won't be complete for 6 months or so. Will therefore have a few hundred k in the bank for a few months.

Is there any point trying to get a decent return on this, or should I just use a regular deposit account which might net me 2% pa? Obviously can't look at anything risky.

Cheers.

[saltybiscuit]

Hi, in all honesty I would probably go upto £85k per financial institution in an instant access savings acc earning 2%ish. Esp as you don't know exactely when your gonna need the money.

Good luck

[z4chris99]

red or black

[shotgunfacelift]

Put it in a fixed term bond, 90 days. Get a better return, and then just keep 10k in your account in case

p.s. None of the major banks will be going bankrupt in the next 6 months, of course this is just judgement but they are still very heavily underwritten by the gov, so it just won't happen Unless you listen to the financial apocalyptic types

[fido]

saltybiscuit said:

Hi, in all honesty I would probably go upto £85k per financial institution in an instant access savings acc earning 2%ish.

But what if it's a large'ish amount like a bar. Spread it over 10+ different accounts? Surely any of the big four/five banks will suffice.

[limpsfield]

fido said:

But what if it's a large'ish amount like a bar.

love it.

[telford_mike]

fido said:

But what if it's a large'ish amount like a bar. Spread it over 10+ different accounts? Surely any of the big four/five banks will suffice.

Not quite that much but ballpark. Can't find any 90 day FTB's, any suggestions anyone?

Could do without the hassle of spreading it around.

[fido]

telford_mike said:

Not quite that much but ballpark. Can't find any 90 day FTB's, any suggestions anyone?

Virgin (ex-Northern Rock) have a good instant access account but it's limited to 100k per issue .. well every bit helps.

[jdw1234]

I had the same issue last year (same sort of timeframe).

In the end I couldn't be bothered with the admin and just left it in my HSBC account.

[greygoose]

You may as well put 30k in premium bonds, they pay out quickly when you need the money and you may win big.

[BoRED S2upid]

Fill your duvet with it, its cold at the moment and you don't want to trust those bankers.