Best way to get most of my savings

DCFC79

Ive got an ISA which is at the limit and £5k in premium bonds, is there another option to make the most of my savings.

Thanks.

ChopperST

How much more money do you need a home for?
Are you wanting instant access?
Would you consider putting your capital at risk or do you want risk free?
How old are you?
Do you have a pension?
Do you have a mortgage?
What rate of tax do you pay?

jimjames

DCFC79 wrote: »

Ive got an ISA which is at the limit and £5k in premium bonds, is there another option to make the most of my savings.

Thanks.

When you say at the limit, do you mean cash ISA or S&S ISA or both? If you don't have a S&S ISA then that is an option.

atush

S&S isas, regular savers

eskbanker

Based on http://www.moneysavingexpert.com/savings/premium-bonds-calculator/, average luck would get you a 1% annual return on £5K in premium bonds (although the overall statistical average is 1.3%) - there are many interest-paying current accounts (from Nationwide, Clydesdale/Yorkshire, Lloyds/Bos/TSB, Santander) paying 3-5% gross that would give you a far better return on that £5K if you're prepared to jump through a few hoops to do so, e.g. multiple accounts, monthly funding requirements, etc....

DCFC79

jimjames wrote: »

When you say at the limit, do you mean cash ISA or S&S ISA or both? If you don't have a S&S ISA then that is an option.

Now that I dont know but can find out.

atush wrote: »

S&S isas, regular savers

As above, Im not sure what It is I have

eskbanker wrote: »

Based on http://www.moneysavingexpert.com/savings/premium-bonds-calculator/, average luck would get you a 1% annual return on £5K in premium bonds (although the overall statistical average is 1.3%) - there are many interest-paying current accounts (from Nationwide, Clydesdale/Yorkshire, Lloyds/Bos/TSB, Santander) paying 3-5% gross that would give you a far better return on that £5K if you're prepared to jump through a few hoops to do so, e.g. multiple accounts, monthly funding requirements, etc....

Yeh I checked that calculator and it wasn't pretty,

Thanks for the replies

DCFC79

Ok I have looked and the ISA I have is a cash ISA.