interest on short term

[guest]

my solictor has told me that the bank has given them the first stage payment. they have given the solictor 26k MORE than they need to pay the builder. shopuld i leave it at the solictors or should i take it back and lodge it into my account until its required? if so would it be worth my while i.e. how much interest could i earn on it over maybe 1-2 months in my current account?

 

[Guest]

> they have given the solictor 26k MORE than they need to pay the builder.

Why? You would be better off only drawing down what's needed at any time since otherwise you are paying interest on something you don't strictly need.

> how much interest could i earn on it over maybe 1-2 months in my current account?

Probably not enough to outweigh the interest that you'll be PAYING the lender particularly after DIRT has been deducted. Borrowing to invest/put on deposit is not generally a good idea.

www.askaboutmoney.com/clu...stBuys.htm