NS&I - Eligibility period?

junglejame911

Can’t find the information on here or on website.

I’ve put 30K into NS&I premium bonds (until I figure out where else to put it). Online it says the eligibility period is October 2013 despite this now being August and the first deposit was at the end of July.

Does this mean I am not eligible to be entered for any prize draws until then?! If so why is this the case as clearly it results in nearly two months of “lost interest” which is pretty poor.


Maybe I have interpreted this wrongly.

Mr_K

Think you have to hold them a full calendar month following the month you bought them before they become eligible. i.e if you're investing best to do it the end of a month.

Don't get your hopes up. Put 20k a couple of months ago - not a penny from the first draw and they've cut the chances of winning However not many better places to put instant access money at the moment.

Norman_Castle

You can call them free on 0500 007 007 and ask.

Ifts

junglejame911 wrote: »

Does this mean I am not eligible to be entered for any prize draws until then?!

If your first purchase was at the end of July, you would have to hold them for a whole month (August) and they should be entered in Septembers prize draw not October.......
Only reason I can think of its showing October as the first month they will be eligible is if you are a new PB customer and the delay is something to do with registering.

Like mentioned by Mr K, you have to hold them for a a whole month before they are eligible, so its best to buy them on the last day of the month.

There are a couple of PB threads on this forum, this is one -
https://forums.moneysavingexpert.com/discussion/81778

gayleanne

Mr_K wrote: »

Think you have to hold them a full calendar month following the month you bought them before they become eligible. i.e if you're investing best to do it the end of a month.

Don't get your hopes up. Put 20k a couple of months ago - not a penny from the first draw and they've cut the chances of winning However not many better places to put instant access money at the moment.

I am finding that I am getting more from my money being in Premium bonds than what I was getting with the interest whilst it was sitting in the bank some months there are no winnings, but the following month I can have 3 or 4 wins.

sabretoothtigger

its tax free, thats the main thing and better then national lottery but otherwise its very poor return below inflation on average