Savings

[saramara]

We are about to be given a substantial amount of money that we then plan to buy a propety abroad with in the next few months. Where is the best place to put it to maximise on interest for 2 to 6 months?

[BigMac]

Look in the personal finance pages of the papers over the weekend in their 'Best buy' tables for an instant access high-interest account. Look also at internet only accounts.

Make sure you have used your mini-cash ISA allowance for the current tax year, too. You (and your partner) can each put �3k into one of these and the interest will be tax free. If you still have the money on deposit in April (new tax year) you can put a further �3k each into the ISA.

[flipflop104]

When I was doing this I just stuck it in my bank's high interest online saver acct - it was 4.5% I think. Didn't get loads of interest but it made me happy seeing the bank paying me each month for me basically doing nothing