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Need help maximising savings
Comments
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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.
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There's one important guarantee: you'll get your money back.
Eco Miser
Saving money for well over half a century1 -
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.
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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.
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Yes of course! Forgot that. I was focusing on amounts of interest / returns.
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