We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best way to invest a 6 figure sum ?
Comments
-
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)
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards