investment HELP! House sale, equity short term?

[Piffleoffagus]

Our house is for sale, we are very lucky to have decent equity as DH bough it after housing crash in 1993 etc
We are moving to Lincs from Hants, but as out chain has collapsed and we are desparate to move before end of summer hols for ds(10) to start new school.
We are going to rent and invest the equity short term, for 6-12 months, bank has given 4.1% which seems ok, but am interested to know if there is a better but still secure way to maximise the gains.
Amount should be £80-100k...
Any ideas?
Thanks in advance!

Portman Building Society have some good rates at the mo. If you're quick you'll get 5.9% with their current fixed term (one year) bond (limited availability). If 1 year is too long they also have an instant access account with a rate of about 4.8%. The only reason I know this is that I've just opened one of these bond accounts and spent ages finding the best rate.

HTH

Someone I know in a similar situation (an accountant!) put the money into premium bonds. Bizarre though it may sound, there is apparently a very good chance of securing enough wins to equate with interest on a short-term investment, and any wins are tax-free - there is also the possibility of getting a great return. Of course you may not win anything - on the other hand, you will not lose anything other than the opportunity loss of interest that could have been earned elsewhere. If you are interested (I would be quite tempted to use at least some of the funds in this way) there is apparently a best time of the month to buy the bonds, because there is a delay before they are entered into the draw.

You can only put a maximum of £10,000 per person into premium bonds. When were in the same situation as you we bought the max amount of premium bonds and put the rest into an Abbey National on-line account - we go a really good rate as they were just setting it up and trying to tempt customers onto it. It's always worth looking around for the new accounts as they are usually the best rate for 6 months or so, and then they drop them. The your money button on www.ft.com is a good place to look, they have a compare and apply button for savings accounts.

I didn't realise that about the maximum limit for premium bonds. Come to think of it, I do remember the person I know saying he bought some in the names of his two children - maybe he got £40k's worth that way.

We've just opened up a couple of savings accounts with Alliance & Leicester (4.85%) instant access - £25k max in any one account. Ing Direct also offer pretty good rates

However, I am off to check about premium bonds...

DP worries as we are not married about putting it in my name is essentially donating it to me and I may leg it... (no I would not)
I know he should put in in my name it makes financial sense...
I will forward your learned responses on....
I told him I would ask MN about invesments, he laughed!

premium bonds are 30k per person limti.
We put some in a while ago and got over 10% interest over 2yrs.
I really reckon it is worth for short term investments.
Can we take a cut???

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I think we will look at the maximum we can invest in my name, up to the higher tax bracket, technically as we have a written agreement, as I invested 19k into the house, I am entitled tax free to a portion of the proceeds as dictated by our legal document, complicated appreciation etc..It is what to do with the remainder I guess, its only being niggly really, DP was happy with the rate his bank gave, but I thought we should shop around for the best rates... money being hard to come by etc!!!
Thanks though, he is very keen on ING too..