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Best way to invest a 6 figure sum ?
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unkle said:Premium bonds has a prize pool of 1.3%. Some people will return nothing, some will return anything from nothing to 1000's x their holdings. You may get lucky, you may not.Depends on your situation, there are several situations where they are worthwhile
- Maxxed out other cash savings and subject to tax
- Temporary resting home 6-24 months for money that will be needed, say for house deposit
- You will put the max, or close to, amount in, making it statistically almost certain you'll get the same rates as you would in NS&I, with a small chance of a much bigger payout (no, not the millions but maybe an extra 1/2 to 1% is realistic)
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