Bond Maturing

[postman44]

Have a bond maturing. Should I invest in a one year,two year or three year deal. Taking into consideration. One year is 0.15 % two year is 0.20% and three years is 0.35%. Please. Thank you.

[New Judge]

Have a look round because you can get better rates than that (not much better, mind) but you can get around 1.2% for a two year bond. (i.e. six times the rate you have been offered).

[ToraToraTora]

neither put it in premium bonds, those rates are derisory.

[bobbinwales]

A agree with the judge. Altho it depends on the bond value. You dont say how much its for but if its £10000 the one year one work's out at only £15 intrest for a year so if your not so young you might be better of spending some of it as its losing value realy at those rates

[Buenchico]

Worth a read:
https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

[Gizmonster]

Scroll down to "Fixed Rate Accounts":

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

You can get 1.1% fixed for 12 months, which isn't great, but it's a lot more than you're currently being offered.

[Gizmonster]

.... damn ... I type too slow - Chris beat me to it :)

[alavahalf]

It's fairly grim all round .. you aren't even matching inflation !

[Thisoldbird]

I had an ISA mature last year, popped it into premium bonds and had a few wins..made more in wins than 5 years in the ISA.
That was for a few £1000 nowhere near the max.

[ToraToraTora]

I win most months on premium bonds, usually £25 but it works out a lot better than most of the "savings" accounts etc and there is an outside chance of a bigger prize, the biggest prize I've won is £50, £75 in one month.

[HansUrbancka]

I agree with TTT. Put it in Premium Bonds. I transferred my savings from a Building Society Bond into Premiums, last January. I have had wins every month since February and so far the profit equates to approx. 1.7% per annum. Even if I don't win anything more during the next 2yrs, I will have had a profit in in excess of 0.35 % per year.

Worth thinking about.

Hans.

[HansUrbancka]

A point also worth considering is that your savings are not tied-in to any time factor with premium bonds.

In normal circumstances you can cash some or all P Bs and have the money transferred to any bank/building soc. account, within approx 8 days.

Hans.