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Premium Bonds draw dates
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# 1
Old 27-01-2009, 6:31 PM
MoneySaving Convert
Join Date: Dec 2003
Posts: 24
Default Premium Bonds draw dates

Does anyone know the best time of month to buy and sell premium bonds as to make sure your bonds are in the monthly draws?

I can't find the answer on the NS&I website.
Smile and be happy, things can usually get worse!
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# 2
Old 27-01-2009, 6:45 PM
MoneySaving Convert
Join Date: Nov 2008
Posts: 122

Buy them when you like, from what I remember your cash has to be in a month before you get into the draw.
When you withdraw you fill in a form and nominate the month you wish to cash out after, you will have the money in your bank within a few days, they are fairly quick and reliable.
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# 3
Old 27-01-2009, 6:54 PM
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Any bonds bought on or before the 31 Jan, will be eligible for the March draw.
I used to be indecisive but now I am not sure.
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# 4
Old 27-01-2009, 7:29 PM
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Join Date: Mar 2005
Location: West Yorks
Posts: 10,275

You buy them towards the end of a month .... so you're parting with your money as late as possible :-

...... and you sell them early in the month - in order you get access as soon after the previous draw as possible?
If you want to test the depth of the water .........don't use both feet !
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# 5
Old 27-01-2009, 7:34 PM
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Join Date: Aug 2007
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Why buy them, their worse than saving account rates anyway, plus your giving money to that tosser of a prime minister
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