CC
- 22 Apr 2017 11:53
Instant access ISA rates at 1%
3 year ISA bonds at 1.4%
5 years ISA bonds at 1.7%
Inflation at 2.3% which would erode capital. I perceive a instant access at 1% to be better value than locking myself into 5 years at 1.7% as rates will rise start to rise soon.
I'm looking for alternative investments ideas. The critierial are:
1. Capital must not be at risk (or nearly no risk) as I have enough exposure to UK equities I don't want any more.
2. Happy to lock my money up for up to 5-10 years
3. Must be inside an ISA wrapper
I'm considering corporate bonds on highstreet names where it appears I could do a little better. Would this make sense?
dreamcatcher
- 25 Apr 2017 22:39
- 10 of 17
Every £1000 in your ISA earns £12 a year. One investment I have matched or slightly done better with is premium bonds. You may win nothing or you could win every month.
Always guaranteed your original investment back. At the end of the day you can win from £25 - £100000 . I wonder what the Bank gets from lending out each £1000 a year?
At the end of the day you nearly feel like hiding it under the mattress. I did think at a stage they would charge you interest for an ISA. lol
dreamcatcher
- 26 Apr 2017 16:32
- 12 of 17
Good to see you back Jimmy. I have won 11 out of the last 12 months. Seem good for me.
jimmy b
- 26 Apr 2017 18:11
- 13 of 17
Cheers DC , i hope you mean premium bonds and not the FTSE comp or there is definitely something going on !
dreamcatcher
- 26 Apr 2017 18:17
- 14 of 17
That would be going some . :-))
dreamcatcher
- 26 Apr 2017 18:58
- 15 of 17
I wish you well Jimmy, sounds like you have really been through it. Take it easy and rest.
jimmy b
- 27 Apr 2017 07:05
- 16 of 17
Cheers DC .
dreamcatcher
- 27 Apr 2017 07:08
- 17 of 17
And get your entry in for May FTSE. :-))