Minimum period of saving

[Sally Blake]

I am selling my apartment and complete on the sale in ten days time. I have not found anywhere to buy yet so will be renting. I need a high interest account to put my money in until I find a property to purchase, the interest on the savings account will be paying my monthly rent. I also have some money in another account which I would like to transfer. What will the monthly interest be, how will I access it and what is the minimum savings period.

[dzug]

Ing offer a reasonable rate. There is no minimum period and no notice needed for withdrawal.

You access it by phone or internet.

There's other similar accounts (eg Cahoot, Egg, ICICI) which I know less about and which may offer more.

Ing currently pay 4.5% less tax - it's credited monthly

[Iz66]

hi, this is exactly what i did inbetween selling and buying, i kept my lump sum in a lloydstsb e account which paid a good rate of interest and was able to transfer the money easily to and fro from my current account also held at lloyds (that current account i have access via the internet but not an actual e account). this all meant i could check daily on my moeny and see the amount of interest going into the e account every month.

Hope this helps