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New(ish) Investor

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  • bobbyron
    bobbyron Posts: 18 Forumite
    v.interesting tom 188.re-premium bonds. i have had £30k worth for 2 years and have won £1,200 in that time. not being great at maths could you work out my returns ? also where would i have been better investing it.?
  • jem16
    jem16 Posts: 19,920
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    bobbyron wrote: »
    v.interesting tom 188.re-premium bonds. i have had £30k worth for 2 years and have won £1,200 in that time. not being great at maths could you work out my returns ? also where would i have been better investing it.?

    You have a return of 4% over the two years.

    If you had saved it in Icesave you would have made 5.7% each year. That's 4.6% if you are a basic rate taxpayer or 3.45% if you are a higher rate taxpayer.
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