mark_roach - 2:02 pm on Oct 24, 2011 (gmt 0)
The average rate of return on Premium Bonds is only just over 1% at the moment so there are better alternatives.
I don't have any concrete examples (I don't have any money to invest !) but a friend has mentioned he can 3-4% tax free. However that is still losing money since annual inflation is running at over 5%.