Where would you put cash now for a high interest rate?

[gaussgirl]

Selling a house, not buying here til this market bottoms out thus was wondering where you think we should put the cash?!

good luck

Can you put big lump sums in those accounts stuffmyturky? It looks like they are for regular savers only? I have a redundancy cheque coming and like gaussgirl am looking for somewhere to stash it!

I don't know, have just bookmarked it myself as my 5.5 pc account has dropped to about 1.5.. i need to investigate! I suppose if you are pulling it out suddenly there could be more of a penalty. I'll be putting mine away for a few years, a lump sum.

thanks stuffmyturkey! Will investigate.

We have/had our proceeds of house sale in Cahoot which at the time we opened it had very good rates. However they've just been reduced to 2% and as we have been relying on the monthly interest to keep us going until I go back to work at some point, we've just opened an Internet Saver account with the AA which has rates of around 4.5%. It is one of the few that pays monthly interest and though I think you can get higher rates, lots of them have bonus rates which depend on you not taking any money out or bonds which you have to keep in for set lengths of time. The Martin Lewis site was quite helpful as it listed all the accounts still paying a good rate and ones that had dropped their rates.