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Premium bonds

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ive got at least £2000 in my account, im thinking of buying some premium bonds with it, is this a good idea, i wouldnt have thought id need to get at the money
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Comments

  • dunstonh
    dunstonh Posts: 119,638 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I suggest you read a number of the recent threads on the subject. There is one on the first page and another a few pages in.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Depends on whether you want a return - or are happy to leave the basic sum against the possibility of prize wins?

    The one unarguable fact is you will be able to release the money within a few days, if you need it. But it's best to buy, if that's your choice. just prior to the month end. As you need to hold the Bonds for a month before they go into the prize draw.

    Plenty of views on the pros / cons - on these threads :-

    http://forums.moneysavingexpert.com/search.html?searchid=3699351
    If you want to test the depth of the water .........don't use both feet !
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