What % should I have in premium bonds and what % should I invest in a savings/guaranteed return account?

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What % should I have in premium bonds and what % should I invest in a savings/guaranteed return account?

2007-06-13 06:23:17 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing

2 answers

It depends, if you have a mortgage, pay this off first, then buy premium bonds.

Typically if you have £10,000 in bonds you will get on average £500 per year from this.

You will get something similar from a savings account.

BUT for every £1,000 you pay off your mortgage, you will save £7 per month

2007-06-13 06:30:00 · answer #1 · answered by My name's MUD 5 · 0⤊ 0⤋

If you don't need the money until your Retire, put it into your Pension (and get an immediate 22% Tax Rebate added)

If you do, then I suggest a Cash ISA (zero risk) or a Stocks&Shares ISA investing in Index Tracker funds.

2007-06-13 23:55:04 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋