Premium bonds v ISA?

[Brandane]

Just sold half of ours due to pathetic performance in a fraction over one year.

Leaving the other half for quick cash should we need it.

3 months on the trot now, zero prizes . Without giving too much away, most of my savings are in PB's (but not for much longer), and this time a year or two ago it was very unusual to go even one month prizeless. Most months I was averaging about £50.
I know interest rates are low, but at this rate I would be considerably better off pulling the lot and sticking it in my current account!

 

[potsy]

3 months on the trot now, zero prizes . Without giving too much away, most of my savings are in PB's (but not for much longer), and this time a year or two ago it was very unusual to go even one month prizeless. Most months I was averaging about £50.
I know interest rates are low, but at this rate I would be considerably better off pulling the lot and sticking it in my current account!

I felt the same after 7 months of getting zilch, then I got £75 twice in a few months.
It is a lottery after all, but with interest rates so low I don't see much point in moving.

 

[Brandane]

With inflation running at about 4%, where exactly can you put savings without losing money? There is no incentive to save money, which is probably the point. Spend spend spend and put money in the treasury's pocket.

 

[Adam4868]

Read this in local paper...nice after Xmas!

 

[Saluki]

I haven’t won anything in 2 years. But it’s safe in there, no penalty for withdrawal and it might win next month. Who knows.

 

[All uphill]

Read this in local paper...nice after Xmas!
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Have we heard from @Accy cyclist today?

If he's won the charity shops will have a bonanza!

 

[Accy cyclist]

Have we heard from @Accy cyclist today?

If he's won the charity shops will have a bonanza!

Yeah, it's me but keep it