With general UK savings accounts paying such low interest rates, there’s an interesting article on the time’s website detailing some income generating alternatives.

Their options include:

  1. Government Bonds
  2. Premium Bonds
  3. Index linked savings certificates
  4. Zopa
  5. Corporate Bonds

all of which have different levels of risk and return and, of course, require you to do your own research to make sure you’re happy and understand your investment choice.

Their article is here: http://timesbusiness.typepad.com/money_weblog/2009/03/five-alternatives-to-savings-accounts.html