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Oz equivalent of UK premium bonds

Guest Allie Bloss

By Guest Allie Bloss
in Money & Finance

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Guest Allie Bloss

Guest Allie Bloss

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Hi.

 

When we were in the UK my parents got our children premium bonds, but now that we all reside in Oz they are looking to get something of similar nature for them over here.

Can anyone advise is there any such thing?

 

Cheers.

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tinkertailerdog Newbie

tinkertailerdog

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Even if they did have them (which I don't believe they do) you're probably better off buying them shares in a trust or sticking some money in a bank account at a decent interest rate. I had premium bonds in the UK and the minimal amount i use to win worked out the equivalent of approx 1% on the investment. I'm not sure what the average would have been but i suspect not much better.

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