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150k for up to a year

1 reply

Settlersofcatan · 27/08/2019 13:24

I am selling a property and will have around 150k as a result which we will be partly using for a house purchase in around a year.

It feels like there must be something other than sticking in a current account that I can do with this. Any ideas?

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JoJoSM2 · 04/09/2019 08:48

A bit tricky. Normally a good bunch of funds is great but a year is too short a time period. So you end up with poor interest rates.

We’re in a slightly similar position and put 50k (that’s the max) each into premium bonds. The rest is gradually being fed into low risk funds but we’re ok to wait a few months if the market is unfavourable when we want to get the money out.

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