Prudence Savings Account

Ali660

Hi there, can I pick your brains please?

We have a Pru with profits savings account (open ended) - not sure how different this is compared to endowment. Does anybody have any info on the possible windfall coming customers way? Is it worth hanging on to these policies until then?

We have been investing £30 per month for 14 years and 16 months ago increased this amount to £50. I'm not sure whether this was the right thing to do now.

Lastest account summary reads as follows:

Total payments since account started: £5250

Current cash in value: £7026

There's no denying I could spend the money in a flash - central heating needs updating and cavity walls need insulating - but what's the general feeling about these long term savings account? Is there a better home for £50 per month? (We already use ISA allowance)

Thanks for any advice you may be able to offer ...