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Premium Bonds or savings account
smith68
Posts: 1 Newbie
I currently have £7000 in Premium Bonds but would prefer a more regular return. This would be outside an ISA. What would be the best option in the current climate?
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Comments
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I think the ROI is only just above 1% for premium bonds, so I think that would intimate to me that you would be better off in another investment.0
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In the current climate? I would say Index Linked Savings Certificates also provided by NS&I. Far superior to PB's.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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What is the commitment to this though? Obviously in these uncertain times the index could vary greatly.0
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What is the commitment to this though? Obviously in these uncertain times the index could vary greatly.
It is the Inflation Index. You may have noticed that inflation has been climbing steadily just recently. Check out the numerous threads on these products.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
Smith68,
I like PB's for fun and a place for rainy day funds.
If your 7K is more than you need for rainy day then look at the NSI IL, need to be held for minimum of 1 year to get a return mind you. Best if you can put by for 3 and 5 year full term.
Cash ISA's not worth a light at moment, but with price inflation rising there may be some movement upwards on rates.
Best of fortune.0
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