I have just sold my house waiting to buy another in about a months time, can anybody suggest an account with a good rate for a one month deposit of this amount.
Thanks in advance
2007-10-22 03:43:22 · 3 answers · asked by Robbo 2 in Business & Finance ➔ Renting & Real Estate
You need the money and you need it to be safe. Best bet is a 1-month CD at a bank or credit union. Rate won't be great, but it's better than zero.
Good luck!
2007-10-22 03:50:16 · answer #1 · answered by Rush is a band 7 · 0⤊ 0⤋
You don't say which country you live in but if it's the UK try: Principality BS their e-SAVER a/c is giving an annual rate of 6.20%. Don't know what restrictions might apply. Still, might be a better rate than many others.
2007-10-22 03:59:17 · answer #2 · answered by PI 3 · 0⤊ 0⤋
if it is profit from the sale of a property you should have deposited in escrow to avoid payment oif capital gains tax I would worry more about that than the interest rate
2007-10-22 04:05:04 · answer #3 · answered by Fabio G 3 · 0⤊ 0⤋