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Savings Account for £150k fo just 3 months

Last post Fri, May 16 2008, 12:27 AM by drumster. 1 replies.
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  •  Thu, May 15 2008, 1:21 PM

    Savings Account for £150k fo just 3 months

    We are selling our house and awaiting a new build to be complete and are therefore living with family for 3/4months and will have all the money from sale waiting to be used, it will be approximately £150,000 so we must be able to earn some decent interest?

    Does anyone know of a good account/type of account that we could put this money in for just 3/4 months. Also if you put in joint names and 1 party has to pay higher rate of tax will 50% be taken at high rate and 50% at 20%?

    Thanks

    • Post Points: 20
  •  Fri, May 16 2008, 12:27 AM

    Re: Savings Account for £150k fo just 3 months

    1 Check out the MS easy access league table. £35000 maximum covered unless you put it into Northern Rock or some other Government investment.

    2 HMRC are very helpful on the phone - give them a ring if all else fails.

    • Post Points: 5