Premium Bonds or Trading 212 - which better for returns?

Get 5% interest APY on unused money with Trading 212.

NS&I Premium Bonds are due to reduce the prize fund in March 24 to 4.4%, so is there a better opportunity in sticking your money in Trading 212 and picking up a 5% APY.

I'll explain the changes to Premium Bonds and show you how to make sure you are on the correct interest rate on Trading 212.

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**Disclaimer**: This video is intended for information and entertainment purposes only. Please ensure that you seek help from a qualified regulated financial professional for any investing advice. Your capital is at risk when investing. Some links are affiliates and I will earn a commission from using them.

[EnzoMolitierno]

Great video!

I have just done this myself - emptied most of my Premium Bond account and put it as cash into my T212 ISA. Doing this before the end of the tax year means I'll have some cash in there to invest, and in the meantime it'll be earning interest. Seems like a good prospect, particularly as I'm planning on moving to a different platform for the next tax year.

Looking forward to the next video, cheers!

[TomsPersonalFinance]

Nice one, Mark. 5% on cash from T212 is very tempting.

[interestedinmostthings]

Hi Mark, another helpful good video, I have a question, I have had a couple grand sitting in cash with the 5%, where does the interest get paid into, before I added the bigger money I would get a notification saying that I had interest paid, but that seems to have stopped when I have enabled the 5%? Is it just reinvested behind the scene in the money market funds?

[stevethornhill]

It you have 30k plus in PBonds it increases the chance of wins and can be a great place to hold the emergancy fund with quick access, I've just added a big lump Dec and won £300 in Feb, will keep an eye on it but regulat wins will keep me in but I'll defo keep an eye on % interst to be earned it put elsewhere

[Speedudeman]

Hey Mark, hope all is well. Do you by chance have an opinion on Artemis funds, the monthly distribution. Have been looking at them and I wanted to hear a second opinion. Also, keep up the good work!

[DylanWilsonYT]

Trading212 card would be good when it releases, 5% yearly interest paid daily. Should be releasing in March sometime.

[justgeneric]

But, read the fine print for the 5% basically it’s in treasurers and if your money is lost it’s not protected

[ahamedchowdhury]

Hi… I am still waiting for the Greencoat UKW.. TRIG and Glencore stock analysis 😊

[simonsinvestingjourney]

Hey man!

Always loved your videos. I’ve just started sharing my new investing journey on YouTube. I’d love for you to check it out some day (I’m new😆)

Thanks so much