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what's the easiest way to buy premium bonds?

JethroUK
JethroUK Posts: 1,959 Forumite
in Savings & investments
http://www.nsandi.com/premium-bonds

My mum gives us £100 premium bond each for Christmas

This year she says we have to buy or own online

I live on the internet and spend £85742477447 per day online but after Reading the first page ("could take a few days") and I'm already glazing over

what's the easiest way to buy premium bonds?
When will the "Edit" and "Quote" button get fixed on the mobile web interface?
«1

Comments

  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    The easiest way to buy premium bonds is to apply online.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • JethroUK
    JethroUK Posts: 1,959 Forumite
    Ummmmm

    It suggests it will take "days" yaaaaaawn

    Guess I'll give it a miss thanks
    When will the "Edit" and "Quote" button get fixed on the mobile web interface?
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    JethroUK wrote: »
    Ummmmm

    It suggests it will take "days" yaaaaaawn

    Guess I'll give it a miss thanks

    You wouldn't be entered until next months draw anyway so it doesn't matter that it takes days.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • JethroUK
    JethroUK Posts: 1,959 Forumite
    I guess
    But I'll never need a premium bond that much
    I'll nip down the bookies and stick it on a nag
    I'm sure they won't make me wait "days" to take my money

    Thanks
    When will the "Edit" and "Quote" button get fixed on the mobile web interface?
  • slowpoke_rodriguez
    slowpoke_rodriguez Posts: 307 Forumite
    NS&I have to check you're not a Russian money launderer. It's only the first application that takes time. After that, deposits and withdrawals are practically instant.
  • ColdIron
    ColdIron Posts: 10,332 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Last time I did it, several years ago, I phoned them up and they drew it on my debit card there and then I think
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    JethroUK wrote: »
    I guess
    But I'll never need a premium bond that much
    I'll nip down the bookies and stick it on a nag
    I'm sure they won't make me wait "days" to take my money

    Thanks

    Or you could just pay off debt or put it in the bank.

    The nag is most probably going to lose you all of your money.

    Premium Bonds don't work like that. Your initial investment is safe you are gambling with the interest you would have earned had you put the money into an ISA or savings account.

    £100 put into a high interest current account might earn you £3 per year. In a year's time you can withdraw £103 and could put the extra £3 that you earn onto an accumulator on the horses and hope for the best which is effectively the same as you're doing with Premium Bonds. Your £100 is still safe.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • JethroUK
    JethroUK Posts: 1,959 Forumite
    ColdIron wrote: »
    Last time I did it, several years ago, I phoned them up and they drew it on my debit card there and then I think

    That's more my style I'll give them a call thanks
    When will the "Edit" and "Quote" button get fixed on the mobile web interface?
  • ColdIron
    ColdIron Posts: 10,332 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Hope I'm not confusing it with their ILSCs or Direct Saver but you can only try, here's a free phone number - [FONT=&quot]0500 007 007[/FONT]
  • weenie15
    weenie15 Posts: 61 Forumite
    Seventh Anniversary Combo Breaker
    I buy mine monthly by standing order but have also in the past purchased online via debit card.
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