R Premium bonds now worth a go?

somethingcorporate

Fair play, sorry if I offended - you seemed to take it in good spirits though!

You will just have to be patient, tying it in at low rates is foolish. How about using some of it to bag the £5 pm halifax bonus' too? We keep some money handy to drop into different accounts to pick up the bonuses. From one set of £1,500 you can bag £60 per halifax account and opening / closing bonuses on a handful of accounts. It was our best performing cash!

N1AK

D1zzy wrote: »

With interest rates crashing are premium bonds now a better bet. I've had 12k for years and Average £300 (2.5%) pa-which now appears to be better than I can get anywhere else. Still waiting for a biggy tho. Seems now might be the time to up my stake

As others have pointed out the only rational way to compare premium bonds is by using the statistically normal return on future investment (below 1.5%). Basing it on previous performance would be as irrational as going the casino, betting £12k on black at roulette, winning and then deciding to be more because you've seen a 200% return on your investment so far.

D1zzy

somethingcorporate wrote: »

Fair play, sorry if I offended - you seemed to take it in good spirits though!

You will just have to be patient, tying it in at low rates is foolish. How about using some of it to bag the £5 pm halifax bonus' too? We keep some money handy to drop into different accounts to pick up the bonuses. From one set of £1,500 you can bag £60 per halifax account and opening / closing bonuses on a handful of accounts. It was our best performing cash!

3x Halifax accs with £1 balance and 7 Ltsb vantage accs ( from the days wen u cd get 7) - cycle the 1k thru all of em definitely not offended - good banter.

somethingcorporate

Ha, you're more prepared than me! you evidently know a lot more than your first post led me to believe!

Well done I'd still hold my money back for NS&I, they are doing very well.

D1zzy

somethingcorporate wrote: »

Ha, you're more prepared than me! you evidently know a lot more than your first post led me to believe!

Well done I'd still hold my money back for NS&I, they are doing very well.

Maxed out on NS&I certs. Just cashed one in as I didn't fancy their rollover offer of RPI +0.25. It returned £2500 on 15k over 3 yrs - not bad at all

opinions4u

D1zzy wrote: »

Maxed out on NS&I certs. Just cashed one in as I didn't fancy their rollover offer of RPI +0.25. It returned £2500 on 15k over 3 yrs - not bad at all

Yet you would seriously consider PBs instead?

D1zzy

Not instead as well as but instead of a 2% ish gross savings acc

sabretoothtigger

You dont keep nsi certs for what is happening now, its because of what will likely happen. By the time they reflect 7% or something ridiculous it'll be too late as you will enter with too high a starting RPI which deducts from future gains I believe

Cash them in now if you think RPI drops. The main problem is re-entering, even if you right you may not get another chance. We are at a relative low, if you see this as a five year peak then fair enough