With respect this is a thread about investments and generally people want investments to make money. Of course having a mixed portfolio is always a good option, but I was answering the question of whether premium bonds are a good investment - if you want to see a decent return, for the majority...
It depends if you have any intention of seeing your pot grow :lolol: With average luck, if you invested £50,000 in Premium bonds you'd be lucky to get £500 back annually.
That £50,000 is also a deposit for a decent buy-to-let.. I know what I'd do with it!
I looked into it and decided to avoid. The 7%+ returns look great on paper and none of the big players (Funding Circle/Zopa) are covered by the Government-backed Financial Services Compensation Scheme. That would protect up to £75k. For me, any peer-to-peer investing should sit amongst a...