Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • metrobus
    • By metrobus 11th Oct 16, 8:12 PM
    • 1,366Posts
    • 708Thanks
    Premium bonds best time to buy?
    • #1
    • 11th Oct 16, 8:12 PM
    Premium bonds best time to buy? 11th Oct 16 at 8:12 PM
    I know you do not get entered in the month you buy, but have read if you buy in September for example you get entered in the draw result announced between November 1st (£1 million winneer) and November 3rd (smaller winners) but the draw is regarded as the October draw since it happens on the last day of the month?

    So am I correct in thinking the last possible day of the month is the best way of buying?

    Also how long do they take to process the application? would not like to apply on the 28th only for them to process it on the 1st and then have to wait 2 months.
Page 1
    • tommysaver
    • By tommysaver 11th Oct 16, 9:23 PM
    • 131 Posts
    • 58 Thanks
    • #2
    • 11th Oct 16, 9:23 PM
    • #2
    • 11th Oct 16, 9:23 PM
    Your money has to be in for 1 month before your entered into the draw. Therfore putting it in on the last couple of days of the month is the best way
    • talexuser
    • By talexuser 11th Oct 16, 9:26 PM
    • 2,263 Posts
    • 1,735 Thanks
    • #3
    • 11th Oct 16, 9:26 PM
    • #3
    • 11th Oct 16, 9:26 PM
    So invest 2 or 3 days before the end of the month, does it really make that much difference? Say you're investing £10000 from an instant access account at 1%. Each day is 27 pence interest, is it worth missing an extra months' draw to gain 56p?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

494Posts Today

4,432Users online

Martin's Twitter
  • I was surprised to see the three people in front of me in the newsagents were all shocked their old £1 coins were no longer taken.

  • RT @natdebtline: If you?ve been visited by a bailiff since April 2014 we want to hear your story for our #bailiffreform campaign https://t.?

  • Well so far it seems there's one thing remainers and leavers agree on - the EU is getting the better of the negotia?

  • Follow Martin