PREMIUM BONDS

[Blondeshavemorefun]

New thread for when old one is full and for October - exciting time as lots more prizes for October - less £25 ones but many more £50

Friday 30th is last working day of the month so maybe one of us will get THAT VISIT - saying won a million - blondes faints

wouldn’t it be lovely if we all won something even £50 in October

@Unicorn2022 it's my first year holding premium bonds. Is the Christmas draw special? Are there more prizes?

Nope

Do you find out if you've won anything the same date each month? Also when you say you check the app, do you mean going in and checking prize history? I normally don't know until I get an email but not sure how late that email is coming out

I usually put up a link for that months high winners and that goes to £1k

thwt is shown the first working day of the month

obv lots of prizes £500 £100 £50 £25 that aren’t on that link

the app will show second working day of month if win a small prize

and will get a laughing lady in the rain - holding a carrot or think a boy and boat if won and and the amount

Unfortunately not but I just meant they might as well try their luck for December's draw too, as a month's interest in a savings account is barely anything.

£50k holdings at 2.99% with My HSBC bonus saver = £124.58 guaranteed.
Given I have had less than that over 3 months, I think I may be changing my approach of late.

It maybe a different account but my hsbc online bonus saver only pays 2.99% on the first 10k. It’s less on anything above that.

Good spot!

Premium bonds it is then! lol

There's also the santander account that pays 2.75%. You should get more than PBs unless you get a larger prize as 2.75% on £10k for example is £275 per year or about the same as a £25 prize each month which you probably won't get on that amount.

However if you do have tens of £k in savings, you might start pay tax on your interest, so might want to look at ISAs or leave your money in PBs.

Zopa offers 2.15% on instant access savings, which is £90 pm on full holdings!

You could put it in a 95-day-access account and get £106 pm guaranteed ☺️

I've had about 8,000 for 30 years. Used to win £25 regularly but not so much now. Biggest win was £250 about 20 years ago. I'd forgotten about them till I read this post. Maybe it's my turn!

True but so far my 40k has returned approx 3% and next week i will be mortgage free, a new car and on holiday after i become MN first £1m PB winner.

I've had mine for almost a year now - any ideas how I could work out how much my winnings would have been converted to an interest rate? (It was certainly a good idea when I took them out compared to the interest rates I could get!)

Winnings divided how many bonds you have then times the answer to that by 100

In a year my return is 3.85%. Almost half of which came from a £500 win. It’s where I keep my tax bill money and far better than a return I would have had keeping elsewhere.

But it can easily go the other way. Last month was my worst month for a while. Hoping my luck picks up again before I pay my tax bill.

Would be amazing if the money waiting to be paid in tax won me a million pounds 😂

My return over the past few years has been 2% in 2019, 6% in 2020 due to a £1k prize and 0.6% in 2021, but I think that was similar to the best available instant access accounts.

So far in 2022 I've won £225 on an average balance of around £30k, so not terrible but falling behind what I'd get from my Santander account.

I'm hoping for one of those more frequent £50 or £100 prizes but I think I'm waiting for the November draw and the likely next interest rate rise and then will pay off the mortgage with most of the money as it's a low margin lifetime tracker that's cost pretty much nothing for over a decade but is now looking expensive and more importantly, more than putting the money in savings instead.

When will agent million visit for this month ? Tomorrow or 31st November ?

No 31st of November. 😀

Thanks :) Every month I expect Agent million but only the Amazon delivery guy visits our home 😂

So is Agent Million due on Halloween along with the trick or treaters?? Damn. Wish I had a ring doorbell now as wasn't planning on answering the door 👻

i'm WFH Monday so will be ready for an early visit from agent million. Hoping for a bumper month today to make up for a streak of poor wins! Otherwise I will be doing some research on other savings options.

I'm Going to cash my £50k in
£600 one year
200 ish most other years
Sainsburys offering 2.75
And various offerings fixed for a year just over 4 /4.5 %
Is the 2nd of the month the best day to cash them in.
I might set up a standing order and start again.

@alwayscheery you can do the cash in instruction online today and tick the box for it to be done immediately after this draw

@Ames85 thanks that's really helpful.

I know banks have better interest rates and obv I don’t have anywhere near £50k to get lots of interest

but I love the thrill of what if ……

gives me excitement two days a month

I don’t count million day as very unlikely to get that

but love the high winners

then low £25 etx