Quarter of a million if it was tax free.
Quarter of a million if it was tax free.
The odds are still wank.Originally Posted by Foe
My mum and Stepdad have a decent chunk in premium bonds (30-50k or something) and usually win a couple of hundred every other month which seems decent enough. I'm sure they could get more putting it into something more sophisticated but it's not too shabby.
I have shit tons in premium bonds. Win a few quid most months. Can't go wrong. It's also improved its payouts twice already this year (to compete with interest rates).
I really wish I got into Saving Certificates before they pulled the plug on those. The interest on those were daft.
You'll be put on a peddle stool using language like that.
There's loads of savings accounts (some of them easy access too) knocking about in the 5.5-6.1% range now. I've opened a few in the last few weeks (including a Skipton one which gives me 7.5% if I deposit something in it every month) and I'm thinking it might be more beneficial to load these up rather than overpay on the mortgage if there continues to be a >1% difference in rates longer term.
Aye, I spotted that Skipton one. If I wasn't in house deposit mode, I'd dump stuff into that for a year.
It's just shifting mentality for me. I wasn't of adult age the last time savings rates were like this and I've worked out that if I save my overpayment amount every year instead, I could clear the balance of the mortgage at the same point as the overpayments would and have £30k left over. Obviously anything can happen down the line but right now it seems logical.
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