Savings advice

[rustyrider]

[quote author=rustyrider link=topic=11588.msg125253#msg125253 date=1391722902]
I'd second Premium Bonds too.  I've got £5k worth and have won £275 in the last year.  That works out to 5.5% so a pretty good return and you can take your money out any time you like.  100% safe too, unlike shares, at worst all you lose is the value against inflation.

Ok now the rest of your story --- how long have you had your 5k in the bonds
[/quote]Just over a year.  Started with £2k and got £25 on the first draw they were in and have added the extra £3k since.  I appreciate that over a longer period they may not pay out as often (my daughter had £100 in bonds bought for her as a christening present and has since over doubled her money.  However, she is now 26.......).  But with banks only giving 1-2% on savings at best, it's still at least as good if not better.  And there's always the chance that you win the million with much better odds than the lottery!