Cable Forum - View Single Post - Bank of England raises base rate of interest to 1%

joglynne · 06-05-2022, 11:13

As the interest rates have been so low we put some into Premium bonds and so far in the last 18 months we have have won at least three times the amount we would have earned in our savings account.

I know premium bonds aren't normally the best choice but at least our money is easily accessed and I know we'll be able use it if we need it or to invest whenever /if ever a better short term investment opportunity appears.

Just grateful that what money we do have invested was put into bonds for five years on a fixed rate of over 2% and it's still got a couple of years to go.

06-05-2022, 11:13	#14
joglynne Born again teenager. Join Date: Feb 2007 Location: Manchester. (VM area 20) Age: 77 Services: Maxit TV, M250 Fibre BB. Phone-Anytime Chatter Posts: 13,847	Re: Bank of England raises base rate of interest to 1% As the interest rates have been so low we put some into Premium bonds and so far in the last 18 months we have have won at least three times the amount we would have earned in our savings account. I know premium bonds aren't normally the best choice but at least our money is easily accessed and I know we'll be able use it if we need it or to invest whenever /if ever a better short term investment opportunity appears. Just grateful that what money we do have invested was put into bonds for five years on a fixed rate of over 2% and it's still got a couple of years to go. __________________ "I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne