How much do you save into Premium Bonds?

[MsGiGi]

My Cash ISA bonus interest rate expired this month, so I deposited my Emergency Fund into Premium Bonds instead.

I have £2,950 in there at the moment and I save £27 of my wage each month into PBs.

What about you?

Yes, the following draw because bonds have to be held for one calendar month to be eligible.

I know it’s an old thread but a few on here have mentioned topping up monthly. Doesn’t that automatically exclude you from draws when purchasing more?

No, it is just the new bonds that have to be held for a month before they are eligible.

I have £25k in PB. I pay £200 a month in.
I've made more in winnings than I would have in interest in the last 12 months, and I like the chance of winning big! Plus easy access is useful too.

Have held bonds since 1965 (bought as a christening present) and both my OH and I have had FH for many years.
Usually had good returns and as you say, there is always the chance of winning big (family member won £10k last year) but last summer the rate was reduced and our winnings went through the floor (£100-200/month if we were lucky☹️) so in November my OH withdrew £40k and opened two fixed rate ISA's at 4.2% (we hadn't used this years allowance).
I have maintained my FH.

Only for the amount that you have just purchased. You have to hold the bonds for 1 calendar month Everything bought previously will still be eligible.

...so there is a slight advantage to making your contributions just before month-end.

If you paid in a thousand on 30th December, it would be entered in the February draw (after languishing one clear month, through January).

But if you paid on 2nd January, it would languish until the March draw.

So even if your bank only pays 2% interest, leave it there until just before month end.

I have 6k, I put the same amount in a high interest account for a year and did an experiment of which one made more money. Accounting for paying tax on the interest in the savings account the Premium Bonds paid slightly less. It wasn’t as low as I was expecting but way less than my S&S ISA’s.

Yes, that is what i would do.

50k but we also have maxed out ISAs as well.