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MSE News: Limit rises to £50,000 on Premium Bonds
Former_MSE_Helen
Posts: 2,382 Forumite
From today savers can buy £50,000 worth of Premium Bonds, up from the previous £40,000...
Read the full story:
Limit rises to £50,000 on Premium Bonds
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Limit rises to £50,000 on Premium Bonds
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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If you are wanting to top up its best to buy Premium Bonds near the end of the month, as you have to hold them for a whole calender month before they are eligible for the prize draw.
If you buy today you will have to hold them for 2 months (June & July) before they are entered into the first prize draw (August) so wait till the end of the month to buy, then you only have to hold them for the one month (July) before they are entered into the August prize draw.Never let the perfume of the premium overpower the odour of the risk0 -
Just arrived in my e-mail inbox today
"NS&I has some exciting updates about Premium Bonds"
Already decided I will top up later in the month. Been on my plans since it was first announched in the budget.0 -
I'm struggling to see who would benefit from putting more money into Premium bonds.
The return isn't guaranteed so although your capital is protected it will be losing value to inflation.Remember the saying: if it looks too good to be true it almost certainly is.0 -
First six months of this year our total holdings of ~ £30k have "earned" £75 ! Only just over 0.5% annual return -certainly not worth diverting any more of our cash.0
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My AER remains at just under 1%. I haven't increased my holding since the limits were raised, but it's something I keep considering. Letters like the three I got from the AA today telling me my 1.7% account will be 0.25% from August make it appealing.0
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We haven't had anything for the last 5 months and we have the "old" maximum amount invested so we won't be buying anymore.0
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