Short term investment for 600k

[Cornelius]

I have sold my house and have 600k to invest short term. I envisage buying in two months. Where should I invest my money to get the best return?

 

[jpd]

Given that you need the money in 2 months, the easiest option is an on-demand deposit account which will pay around 0.1% interest. This will amount to about € 40 after DIRT so I'm not sure that it's worth the hassle of opening an account :-(

 

[Cervelo]

Buy 500k of Prize Bonds, put the remaining 100k in a deposit account and buy your house in 3 months

 

[Sarenco]

I envisage buying in two months.

In that case, your priority should simply be the return of your capital - not the return on your capital.

That deposit would be considered a "temporary high balance" and would be fully covered by the relevant deposit guarantee scheme so there is no need to split it up across financial institutions.

 

[theresa1]

There is maximum holding limit of €250,000 (or €500,000 if a joint holding by two individuals) of Prize Bonds newly registered in your name after 1 November 2015.