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Latest issue Post Office Bond
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The only drawback I can see is that you can't take your money out at all, if you wanted it you would have to close the bond. Have a look at Nationwide, I was in there the other day and they are offering a new bond too, can't remember the details but it looked as good as you can get without too many strings, these days.
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(This has happened a few time son AB recently- I pause and the post suddenly submits itself!).
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It's one of the best around and it is guaranteed to beat inflation, but unless you have a lot of spare cash to invest the interest won't be life changing. If you have credit card or other higher interest debts, pay those off first. Also, if there is a chance you may need the money before the bond expires then maybe another product would be better for you
(This has happened a few time son AB recently- I pause and the post suddenly submits itself!).
I'll start again.
It's one of the best around and it is guaranteed to beat inflation, but unless you have a lot of spare cash to invest the interest won't be life changing. If you have credit card or other higher interest debts, pay those off first. Also, if there is a chance you may need the money before the bond expires then maybe another product would be better for you
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