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So kind of like https://www.nsandi.com/premium-bonds https://www.nsandi.com/premium-bonds ? Those are government bonds, but it's not far off your idea. Edit:
by bovine3dom 8y ago
So kind of like https://www.nsandi.com/premium-bonds https://www.nsandi.com/premium-bonds ?
Those are government bonds, but it's not far off your idea.
Edit: for clarity, the effective rate paid does vary over time according to interest rates, which usually have some relation to how well the markets are doing.
- walshemj 8y agoIts 1.4% at the moment - which is good for the UK
- zozbot123 8y ago> interest rates, which usually have some relation to how well the markets are doing. Uh, maybe? There is a positive correlation of sorts, but it's nothing to write home about. It doesn't seem like this product was designed with any attention to the potential of better-than-fair payouts.