Savings account which pays the interest annually

[mouseyowl]

I'm in the lucky position to be earning around £50k this tax year.
I'm also 'lucky' to have received a £150,000 inheritance last year.
I'm not able to put this in my mortgage because the early penalties are very high, but I'm only paying 1.5% interest as I fortunately remortgaged right at the right time rates wise.

I'm a solo parent (no partner and no parents to help out) and my DC is in nursery for 2 more years so my childcare is expensive. I get the tax free childcare which helps.

I am hoping to move house next year to be closer to work, so I don't want to lock my savings into bonds at all because I want to be as agile as possible in terms of offering on a house when one comes up that I like.

But I don't want lose my child benefit by going over the £50k threshold (eg salary plus interest on the £150k). I don't really want to put any money into my pension, my employer doesn't match very much and I'm stretched day-to-day money wise after all the bills are paid as it is.

I was trying to find decent interest rate, easy access savings account which pay the interest rate annually but don't lock you in or penalised you if you close the account before the year is up.

Does anyone know of any?
Sorry for the essay, but I didn't want to be questioned about the details, so just laying it out there

I apologise for the derail as well op. Not my intention at all, though I do stand by what I said..

The effect of late night reading of Mumsnet when you have had too much wine😂

To be fair, MN is an awful place to seek financial advice, because a lot of people have no idea what's the best answer and will make up any old shit so they can have their say and then anyone post anything sensible is drowned out by the vocal majority posting stuff that is irrelevant and/or plain wrong.

£20k in an isa, look for highest interest and opt for payment annually.

£50k in premium bonds.

Both the above is tax free income.

Then put the rest in a 9 month fixed high interest account. You'll need to pay tax on anything above £1,000 in interest a year.

In 9 months take 20k out and put into another high interest isa.
Invest the remaining money for one year in another high interest account.

At the end of this year remove £20k and into high interest isa.

Repeat until it's all in isas.

This wrapper is tax free and you can ask the highest interest isa provider to merge your other isas.

This can seriously increase your capital without paying tax. It just stays in the wrapper increasing in value and being reinvested.