Investment & Investing

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NickCJ in reply to @Tenderloin

I've had 30k in premium bonds for 9m and am so far earning 2.5% on that

I think you have had pretty good luck there. The "prize rate", i.e. the actuarial expected rate of return, is 1.4%, but would likely be lower on £10k as you say. Still probably equivalent to north of 2% in a bank account though given you pay tax on interest but not on PB prizes.

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Tenderloin in reply to @NickCJ

Yeah and a couple dry months and it will go down - just thought useful to give some idea. It's not gonna earn you 5-10% but in these funny times it's a pretty simple way of putting money somewhere for a bit.

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NickCJ in reply to @Tenderloin

it's a pretty simple way of putting money somewhere for a bit

Yeah, don't disagree with that. Just don't rely on getting the cash out in a hurry if, e.g. you need to complete on a house (ask me how I know)!

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