Where to invest a large sum of money short term?

[Bubbaloo]

We've recently sold a property and until we buy another,we'll have a large sum of money which we were going to put in a high interest savings account with the Nationwide.
It'll probably be for about 6 months,so am now wondering if there is a better option.

Any ideas please?

Thanks.

In my bank account

I can't guarantee you will get it back though

lol.

Sorry I couldn't resist

Unfortunatly I don't have anything constructive to add.

You could try a Standard Life fixed rate bond, currently paying 6.85% fixed for 7 months term.

I should've worded my question a little differently perhaps.

Thanks for the link.Will have a look

come on people ! there are some savvy financial types on here i know there are

i am watching with interest - i have the same problem.

Definitely not in purpleflower's account. I was thinking more along the lines of a lovely place for MarsLady in St Lucia Much better option. Trust me!

custy will you marry me!!

Oh, go on then, I'll give a sensible reply. You need to have it in an account that gives a good rate of interest (do not touch anything share-like with a bargepole). However, it's important not to put all the money in one account, as only the first £35,000 is insured. There's a good article about it here in Money Saving Expert. Assuming that you have that much lovely cash of course!
For this wonderful advice, I only charge a commission of 10% payable to my house-deposit savings account.

Thanks very much.That info on the MSE site is very helpful and I've signed up for the free emails.
Was really surprised about only 35k being insured,which is a bit worrying but hopefully we'll be using the money to buy another house shortly,so we won't have it for too long.
Definately won't be touching anything share related/risky and we actually have an appointment with the Nationwide next week to see what accounts they have,seeing as we already bank with them.
Am a bit old fashioned in the sense that I'm not sure I like the idea of internet only/phone based accounts which do seem to offer the best rates,as I think I would rather go into a branch to access the account.

How about some in premium bonds? £28k each I think with a potential to be miilionaires?
Generally though it is not guaranteed, the average return is 5%. Might be worth a punt.
Ditto about savings, have a look at on line stuff since lower over heads can mean higher rates. Use your cash ISA allowances £3k this tax year, going upto £7200 nest year. So by next mid April '08 you could have £20k in tax free savings. (x2 of you)