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moneysupermarket.com community... » Forums » Money & finance » Current accounts » Should I move £20,000 to a high interest account for only a couple of weeks?

Should I move £20,000 to a high interest account for only a couple of weeks?

Last post Mon, Dec 05 2011, 8:48 PM by compact. 2 replies.
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  •  Mon, Dec 05 2011, 8:48 PM

    Re: Should I move £20,000 to a high interest account for only a couple of weeks?

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    Cheers thought not.

    The sale wasn't too bad, people are buying just takes a while and there are some rubbish houses out there too :)

    • Post Points: 5

  •  Mon, Dec 05 2011, 7:25 PM

    Re: Should I move £20,000 to a high interest account for only a couple of weeks?

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    Hardly worth your while as you are not going to receive much interest in two weeks. Plus I assume you would have to transfer it back to your current account when you need to pay out - when you complete on your new house.

    PS congratulations on your sale - you must be THE successful seller this year!!!!
    • Post Points: 20

  •  Mon, Dec 05 2011, 1:29 PM

    Should I move £20,000 to a high interest account for only a couple of weeks?

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    I sold my house but cannot complete on the new one, which could be a couple of weeks (due to a delay on their side).

    At the moment i have the money in my normal current account.

    Should I move it somewhere else for a couple of weeks or is it not worth it for the hassle and limited amount of time?

    Thanks
    • Post Points: 20