PREMIUM BONDS - august onwards !!!

[Blondeshavemorefun]

Know other thread is near the end

So this is for when previous one is full

When my winnings took my holding over £50k they just put it in my bank account. I do find that a bit strange.

Can't see it being a scam as it is an actual letter and the funds have been deposited direct into the bank (we don't reinvest as we have MH).

Strangely enough I seem to recall something similar happening to us several years ago?!?! 🤔

I remember someone on one of the old threads saying that they had had a letter giving them a prize as the other person couldn’t have it. Everyone said it didn’t happen like that, yet it seems it might.

You must be the lucky minesweeper of missed prizes! Well done!

It does happen. My DH has this once. He didn't win in the main draw and then we got an email or something a few days later saying he'd received a bond that couldn't be paid to someone else. I think I googled at the time and the concensus seems to be that it's death/estate related.

NS&I paid me my dad’s bond money before I got probate. They were the quickest and the easiest to deal with.

Oh, really? They were a nightmare for us.

Mum had some bonds and a few premium bonds so went over £5k so that's why they wouldn't release before probate. That's not our issue though, that's their rules, which is fair enough.

They were just so slow in replying to anything. Far, far, slower than all the others. Although we got there in the end and back in early 2022 the interest rates were so low that a bit of extra time didn't matter too much.

I'm trying to track good bonds, i always thought we had some when I was very small but it's been hard to find the in line form to try and find them.

We wrote with a list of addresses and names (maiden name and marriage date and new name). Luckily Mum only ever lived in 3 houses in her lifetime. We did it by letter. They traced 12. Dad has some paper counterfoils but no names on them.

@RoyalImpatience

Link here to track lost investments

Nationwide have a launched a savings account that pays 8% interest:

https://amp.theguardian.com/money/2023/sep/21/nationwide-launches-8-account-as-battle-for-uks-savings-intensifies

Hopefully NS&I will increase the prize fund rate again from 4.65% because at the moment there seems little point me having my savings with them now that this is the best time in a decade to be a saver. I would love to know the figures for how many people this year have transferred their holdings.

Me too @benfoldsfivefan!
I recently moved some money into a Santander Edge 7% account, it’ll earn me £280/year guaranteed whereas I’ve had a few thousand in since Oct 22 and then increased to 10k in April and returned £50.
I’m currently on mat leave and will be withdrawing from premium bonds to top up my pay rather than my savings 🤷🏻‍♀️

I expect its a regular saver with a maximum saving per month. Worth doing but not a home for a large sum.

I've also been moving savings into better accounts. Some base rate linked to save having to change them regularly

The Nationwide account is a regular saver only available to existing current account holders - you can only pay in a max of £200 per month.

How the heck do I buy a 6.2% bond when my debit card won’t let me spend that much 😰

@JayAlfredPrufrock you have to check if there are limits on how much you can pay be debit card. We found out that Mastercard limit you to £25k per card per day by default so we had to buy a number of smaller bonds instead of one big one. There’s no limit to how many bonds you can own, just that you can’t hold more than £2million in total.

Oh thanks for that. I’ve been trying to find out how many bonds I can buy. Currently on hold to NS&I

Now I just need to know the limit on my card …,..

@JayAlfredPrufrock no worries. If you have an NS&I saver account you can find the bonds from there (and you can pay into that via bank transfer instead of by debit card). However if you don’t have one already I believe it can take up to 10 days for them to approve an application so it friends if you are comfortable waiting and risking the Bond being pulled.

I don’t. Managed 20k purchase just now and will continue with that. 🤞 they don’t pull it.

I’ve already got an Investec at 6% but that’s no longer available.

Hopefully as I’ve got Premium Bonds they won’t have a problem approving it.

The excitement is starting to creep in now, could really do with a lovely win. Is Saturday the day to expect a visit?

The next draw is on Monday, and this article indicates the Agent Million visits will be on Sunday:

https://www.thisismoney.co.uk/money/saving/article-7123447/amp/How-Im-Premium-Bond-millionaire.html

Going to hold myself accountable here

If I don't get at least £150 I'm yanking £25k out and putting it into a fixed rate savings account

I’ve just spent 5 days buying the fixed rate bonds. Took forever with a dodgy Wi-Fi.

I managed to get the bond set up yesterday. It was faffy but not to hard.