We have about 80k in savings and save about 2k a month. We're mortgage free but need to spend 60-70k on a kitchen extension probably next year when brexit nonsense might be a bit clearer.
Also may need to do a loft extension in next few years which will be 60k.
We have put about 40k in cash isas fixed for 1 year at 1.75%.
Any thoughts on where to save the remaining 40k plus the 25k we should save over the next 12 months?
There's obviously lots of banks offering attractive rates for opening new a/c's but it's just for a few thousand?
Is it worth the hassle of doing that or do I take the simpler option and stick it all in an ISA?
We are quite risk averse so don't want to do anything where we could lose our money.
Any thoughts appreciated?