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The original was posted on /r/ukpersonalfinance by /u/Western-Edge-965 on 2023-07-02 19:21:53+00:00.

Afternoon all.

I currently have £102,000 in my chase instant access savings account with around £70,000 to be added to it in a few months. Its mostly inheritance with a bit of my own money.

I had planned to buy a house this year but was given an oppurtunity to take on my dream job in London so my property buying has been put on hold. Just while i get settled in London and decide if the job is for me or not. I was keeping it in the instant access while I waited for the last part of the estate to be settled.

What is best to do with this money for the next 6-12 months as I think just leaving it in my chase at 3.8% interest is good but could be better. (im aware that the accounts are only insured up to £80,000)

I think im right in saying that you can get up to £5000 per year from savings interest before you a liable on tax but I could be wrong.

Any advice is greatly appreciated.

Quick edit: im 24 years old with no kids if thats of any help.