I’m about to sell my house and get a significant deposit from my solicitor.
Then we’ll sell my partners house and use the money we have together to buy a new house.
Where can I put that money? It’ll be mine for about 6months. I’m not sure if I can put it all in Monzo?
Any help on this subject appreciated.
Thanks
You can put up to £500k in this pot: Monzo Instant Access Savings Pot
Is it over £85,000? If you mean purely on protection then any bank account really that is FSCS covered is fine.
Or do you mean for maximum interest?
Yes, over 85k
I wasn’t sure if I was even able to put that amount in?
If so then I’ll use a savings pot like Lewis has suggested.
Thanks
FSCS protection should be your biggest concern. FSCS offers protection for higher balances up to £1m for six months after significant life events.
You can put what you like in accounts really if protection isn’t an issue.
You can put up to £85,000 in different banks and each bank is protected but be aware of banking groups as I believe you only get protected once per group.
If it’s only 6 months it’s unlikely Monzo will be going bust but you never know.
Have you had a look at Flagstone?
Splits your savings over multiple banks.
Send it to me if you like 
Our 100% security guarantee | Security | NS&I could be the best option for temporary money. Put 50k into the monthly winnings pot and then the rest in another account
Premium bonds! Worth the gamble.
You can put £2 million in their Direct Saver account with the full amount being guaranteed by the government.
Martin Lewis did an episode on ITV X last week that covered exactly this scenario. Worth watching.
This episode I believe:
As @ndrw linked to above, you don’t need to worry about the £85k limit when selling a house as this counts as an event that provides protection of up to £1m for six months.
You get protected per banking licence. Some groups have multiple banking licences, for instance RBS, NatWest, and RBS International operate under difference licences despite being part of the same banking group.
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#notice
Various easy access accounts listed there, as well as some notice accounts with slightly higher rates.
Like others have said, your FSCS protection is good for up £1m in this situation, so probably no need to split between different accounts.
I don’t think anyone’s said it yet but, when you’re transferring large sums of money around, you should be prepared for banks to ask you a few extra questions about where the money has come from and why you’re moving it, as well as being asked for extra proof of ID. All of which means things may take a bit longer.
One thing to note is that the OP said they’d have the money for ‘about six months’ but the jumbo FSCS protection is only for up to six months. NS&I has full protection for up to £2 million with no time limit.