Need help maximising savings

Yorkie1

https://forums.moneysavingexpert.com/discussion/comment/81993232#Comment_81993232

There are no guarantees at all with PBs. With, say £30K, chances are that you would get a few hundred, but as it's essentially a lottery you may get zero to loads. The max holding is £50K.

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/81993705#Comment_81993705

There's one important guarantee: you'll get your money back.

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/81992635#Comment_81992635

Although if happy to fix for 1 or 2 years as you suggest for ISAs, then gilts likely give a much better return than premium bonds for non-ISA money.

Newbie_John

https://forums.moneysavingexpert.com/discussion/comment/81993705#Comment_81993705

With £30k chances of winning £0 for a year are less than 0.01%, 9999/10000 do win something - averaging close to 3%.

But also as @InvesterJones says, Gilts my be the tax free-ish guaranteed option if you're willing to lock in for 2 years - TN28 is over 4% right now.

Yorkie1

https://forums.moneysavingexpert.com/discussion/comment/81993864#Comment_81993864

Yes of course! Forgot that. I was focusing on amounts of interest / returns.