So if I have £1000 to invest, whats the best place to invest it in?
either an ISA for tax free interest (about 6% from april - april, so youd be looking at 3% now - about £30)
or the best bet is Premium Bonds, where everyones money is pooled & the interest is pooled & then its luck of the draw..
could win a million, could win squat.
Ive just bought £10k worth, as its only somwhere to put the money for a year. not worth the hassle for interest & saving accounts.
http://www.nsandi.com/products/pb/winnerlist.jsplook down the list.. people have won £100k & £50k with just £1000-£2000 worth of bonds.
look at this guy :-
£50,000 138MR738549 £1,099 LB of Havering £1000 Apr-08
& thats just last months draw
not a bad return huh?