WWYD with a spare 8k

[user1471519931]

Hi wise ones,

I have 8k sitting in premium bonds... I used to win the odd prize now and then but since they changed the rules, I've had nothing for ages and of course, no interest, so I'm starting to think I might be better of putting the money elsewhere. I would also like to be able to access it, if needed. Does anyone have any suggestions? Please don't use abbreviations and tell me exactly what it is as I don't really know much about financial things...

If it is an emergency fund, then I would keep it where it is as it is accessible.

General rule of thumb for an emergency fund is 3-6 months of expenses. If income is unreliable, then be more in the 6 months range than the 3 months range.

A stocks and shares ISA.

I have split my savings between premium bonds, stocks and cryptocurrency so there is some diversification and to spread any risk. I occasionally get a £25 win on the premium bonds, I'm up 14 % on my stocks and have made (not sure how much currently) on crypto. Crypto is quite volatile, stocks can obviously go up or down and you won't lose on premium bonds (but might not gain). I use the Freetrade app for buying stocks which is really easy to use (I have a referral link if you're interested which would give you a free share to start with).