British Expatriate Network

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Hello,

I can't see a topic here on finances so here goes

I am about to move to Oz.

I am selling my house and want to making a monthly income from this lump sum.

I should be touring the USA/Canada for a month or 2 first, then tour around Oz for a month or so before settling in Melbourne.

I understand I can't open an Oz savings account until I get there?

My dilema

I don't know wether to put into a UK notice or term account and put the monthly interest into another UK current account and just draw money from cashpoints in Oz OR;

Open an offshore savings notice account and put the monthly interest into a UK current account OR;

Leave the lump sum in an ordinary UK savings account until I get to Oz and put into an Oz term or notice savings account and make monthly interest over there?

If I do the latter I won't be making any interest until I've settled and I'd like to start making the interest and get it sorted before I leave.

Anyone else had similiar situation?

Thanks.