Premium Bonds NS&I

[takemetothespace]

Hi,

I am thinking of setting up a dd for premium bond, to qualify early for prize draw which date of the month I should pay money into the account to buy bonds or it doesn't matter? thank you

I love having premium bonds. I win most months. Whenever you join, you are discounted from entering the next draw regardless, so whether you buy on the 16th, 6th or 26th, you won't be in the next draw.

If you're buying them out of salary, it doesn't really matter unless your current account pays interest.

But if you're taking the money out of an account that pays interest, you want to do it as late as possible in the month to minimise the time that the money is not earning interest, but also cannot win a prize. So you could set the DD for the 28th, so even in February, you meet this criteria, when the bonds will be in the draw from April onwards.

You need to wait for the full calendar month after your purchase to pass before your bonds are eligible for the a draw. So it your dd is until near the end of the month you get in the draw just over a month later.

I will set up at end of the month