Serious question ...
Why don't the government improve the return on Premium Bonds ?
Loads of people with their money currently sitting in banks doing jack all would buy them then
Because as with most matters of investment, they are as crap as anything else. Borrowing at zilch interest rates means close to zilch at our end. Put simply, I was getting 9/10% interest in the 80's but our mortgage rate hovered around 13%-ish.
Only way to make your money grow is buy/sell....stuff....anything that turns a coin.
"Job Lots" of Hornby-Triang junked abound...you can bet they will be fettled up a bit and pumped back out at a decent wee drip-fed earner.
Ebay is full of utter cack bought one day....from Ebay probably...and flogged later.
Couple years back I bought a horrid little mahogany box for a couple of quid, sanded & varnished it, polishedup the brass, and got £40.00 for it. Hour's work I think.
I may well do stuff like that again in the Spring. In real terms, I'm watching a 5 figure pension lump de-value by circa RPI 2 or 3%. Thinking....of buying to let a small 1-2 bed summat which would yield 7-9% but I cannot be arsssed with the inherent issues.....ofpeople being utter knunts.