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Some close family had the same deal late last year- after lots of searching they concluded there were no good savings options if you need access in the short/medium term (0.1 or 0.2% interest).
Think they spread it into a few accounts because it felt more secure, but you should be legally protected for up to £1mil by regulations for 12 months after a house sale (above the usual £85k or whatever it is).
ILb-
Thanks - yes it's a FCSC scheme which I hadn't heard about
https://www.fscs.org.uk/how-we-work/claims-process/temporary-high-balances/
nankatsu
We may be selling our place after all - with a small price reduction - and moving into rental for a bit.
We will have a rather large sum of money (for us) as a result of the sale - where is it best to keep it safe until we need it for a house purchase?