fastcar Posted October 17, 2016 Share Posted October 17, 2016 Not true. I had £30K in premium bonds. I started getting £25 a month for three months than it stopped. Didn't get anything for a few months. I complained, got £100 after that month than nothing again for a few months. So I took my money and bought a house I must have been told wrong about the premium bonds then! Glad I didn't bother now:d Quote Link to comment Share on other sites More sharing options...
robtup Posted October 17, 2016 Share Posted October 17, 2016 I have all ways put money in premium bonds. for the past five years I have averaged £25 a month not going to make me rich but its safe and I can get it when I need it allways get tempted to put it else where to make a bit more but clueless where to put it Quote Link to comment Share on other sites More sharing options...
supra_24 Posted October 18, 2016 Share Posted October 18, 2016 Advise given to me has always been invest in property as it will always be a growing asset. £10,000 in certain areas of the UK is enough towards a deposit. Such as Swindon area. Great place to invest in property at the moment. Cars on the other hand are not unfortunately assets. Unless your sitting on a rare classic in pristine order. I personally wouldn't invest in stocks unless you really are experienced in that area and know what your doing. Or with the £10,000 you could place it into an ISA or utilize it to top up your pension for future security. Hope this is of help Quote Link to comment Share on other sites More sharing options...
Digsy Posted October 18, 2016 Share Posted October 18, 2016 Not really much point suggesting property unless the OP has enough spare cashflow to fund a second buy-to-let mortgage (less rental income after tax) as well as this £10K burning a hole in his pocket Quote Link to comment Share on other sites More sharing options...
Konrad Posted October 18, 2016 Share Posted October 18, 2016 You can have a look into mortgage to buy holiday apartment in south Spain, looks like some places will give you very decent return for not much investment, especially now when Turkey and Egypt are in turmoil. Quote Link to comment Share on other sites More sharing options...
zaheer0027 Posted October 21, 2016 Share Posted October 21, 2016 Invest in south Africa. The bank will give you interest anywhere from 5-10% depending on your term of investment. Local unit trust funds have also been performing well. Quote Link to comment Share on other sites More sharing options...
Big Mark Posted October 21, 2016 Author Share Posted October 21, 2016 Invest in south Africa. The bank will give you interest anywhere from 5-10% depending on your term of investment. Local unit trust funds have also been performing well. /QUOTE] That's a good rate, tho no idea how to invest in South Africa from the UK. Quote Link to comment Share on other sites More sharing options...
zaheer0027 Posted October 21, 2016 Share Posted October 21, 2016 http://Www.fnb.co.za this is one of the big 4 banks in south Africa. I bank with them. Their online banking as well as banking app is second to none. They were also awarded the most innovative bank in the world award last year. Check it out. Any questions or help you need you can pm me Quote Link to comment Share on other sites More sharing options...
Scooter Posted October 21, 2016 Share Posted October 21, 2016 http://Www.fnb.co.za this is one of the big 4 banks in south Africa. I bank with them. Their online banking as well as banking app is second to none. They were also awarded the most innovative bank in the world award last year. Check it out. Any questions or help you need you can pm me /QUOTE] seems you have to be a South African citizen to open a savings account? Quote Link to comment Share on other sites More sharing options...
stevie_b Posted October 21, 2016 Share Posted October 21, 2016 seems you have to be a South African citizen to open a savings account? I tried to find that out, but couldn't see any terms and conditions on the website (maybe they're further along in the application process). Quote Link to comment Share on other sites More sharing options...
Scooter Posted October 21, 2016 Share Posted October 21, 2016 I got this far, clicking opening made easy, before it stated the qualifying criteria https://www.fnb.co.za/invest/restart-fixed-deposit.html Quote Link to comment Share on other sites More sharing options...
Dnk Posted October 21, 2016 Share Posted October 21, 2016 I got this far, clicking opening made easy, before it stated the qualifying criteria https://www.fnb.co.za/invest/restart-fixed-deposit.html I'd have been very interested in that until then Quote Link to comment Share on other sites More sharing options...
Scooter Posted October 21, 2016 Share Posted October 21, 2016 me too!! Quote Link to comment Share on other sites More sharing options...
Frank Bullitt Posted October 21, 2016 Share Posted October 21, 2016 No way would I ever invest my money in SA, sorry if that seems harsh. I have had several friend emigrate there who keep all their money in the UK and only filter it across when necessary as there are too many pitfalls Quote Link to comment Share on other sites More sharing options...
Big Mark Posted October 21, 2016 Author Share Posted October 21, 2016 I liked the interest rate but have to admit investing in SA doesn't appeal. Knowing one or two people that live there and hearing their stories it's somewhat corrupt, to say the least. Quote Link to comment Share on other sites More sharing options...
zaheer0027 Posted October 23, 2016 Share Posted October 23, 2016 OK let me start of by saying I do not work for the bank so there is no incentive for me here. corruption is rife at government level. the banks in our country is not nationalized and are at a private level so to speak. your money is safe in one of the big 4 reputable banks viz nedbank fnb standard bank absa do you really think the entire population of South Africa is having money swindled from their bank accounts due to corruption? in any event i would find out more info if anyone is seriously interested as I think it would be an excellent investment strategy especially with the exchange rate that favors the pound. Quote Link to comment Share on other sites More sharing options...
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