I have £7,500 in Cash ISAs. Should I get Premium Bonds Instead?
I currently have £7,500 (butting approx £200 a month in to it each month )split between two ISAs. Getting interest of about £10 a month in total. I heard about premium bonds and how you can win cash pirzes of £25 - £1,000,000 and now I do not know whether I should get one of these instead
What would you do?
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get an IRA with a market spread. you would have made 14% this year with a moving market.
It's all the same, essentially. Just leave it. The only difference being you will max out your interest levels accrued at that yield. Premium bonds are a bit more risky, and can fluctuate. Stick with what you have...