In the process of financial planning, I'm planning to build a reserve for tax-holding purposes -basically dumping 25% of every incoming penny into this bucket.
Historical evidence suggest, that this bucket needs not to be in my sight during day-to-day banking (poor decisions made in the past because they were.)
Hence, my question is: what financial product would you recommend for short-term (<12 month, by definition :) ) money-holding for this reserve, that might yield some interest during this time, but more importantly: is out of my sight, and can be liquidized in a week's notice?
Alternatively: what do you use for parking your taxes throughout the year?
Edit: Working in the UK, we're paying tax once a year, meaning eg. the first month payment could have 11 months of interest accrued.