are premium bonds an option

[abracadraba]

In the current finantial gloom when it is likely that the markets have not reached rock bottom,are premium bonds a good haven for sum of �30.000.00 until things begin to brighten up?

[jack daniels]

you really need to look & read different options yourself. There are many products available & you need to look into the risks.
look at what building societies, banks, post offices etc have to offer & their rates if applicable

hth

[dasherman]

Lots of people are taking their money out of banks & building societies and putting it into Premium Bonds because they are guaranteed by the government.

But when you consider the returns on PB's have gone down a lot due to interest rates falls,you're not likely to get a great return on your money (unless you win one of the few big prizes).

If you put �30K into PB's you should with average luck,win 10 prizes per year. Assuming they are �50 prizes,then that's �500 - not a lot!

I had a quick look on Moneysupermarket.com and you can still get an easy access account paying 6.50 % Gross or 5.20% Net,which would give you �1950 or �1560 interest!

[steven15]

Bonds, better still if government are always a secure investment option. I have been trading forex through AVAFX broker and have had consistent earning, as per the strategies. So you ca have fairly good results even with something as risky as the forex while the rather safe investments may go bust.
Gather all necessary info before investing.

[abracadraba]

Thanks a milion for your answers. did not know about moneymarket .com, so will give it a try (still getting used to the internet ! ) Thanks again.