NS&I savings

jamels2

Is it worth considering NS&I premium bonds (1.4%) or income bonds (1.15%) as an alternative to other instant access accounts?
I'd like to keep it on the same platform as my current account but nationwide only pays 0.3% for easy access savings.

Albermarle

With Premium bonds the effective interest rate is skewed by the two £1 miilion prizes each month .
More realistically you should look at them paying an average approx. 1.25% + an infinitesimally small chance of winning a Million .

18cc

Certainly worth considering - 1.15% is not the best rate for instant access (eg Marcus 1.35%) but is certainly not bad and better than most high st banks. Nationwide is for example 0.5%

be aware it takes a day or so for withdrawals to arrive at your bank account t ie not instant.

Jrose1927

I've just opened Marcus 1.35% rate and can withdraw any time interest paid monthly or yearly whatever your preference easy access easy get out when something better pops up

DiggerUK

We use PB's for all our instant access savings. The reason being that interest rates are awful, we figure that a big win would be very nice as well.
Operate on line..._