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The Family Building Society
norway2498
Posts: 1 Newbie
Has anyone put their savings in the windfall account? Any comments please and how have you done?????
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Comments
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Haven't put into the Windfall account but I have a similar type of account with NS&I. In April 2015 I invested £2500 and as it stands I have £2525. A 1% return :-)
It may not be the best based on those numbers, but in the grand scheme of things: there's is much better out there at the moment in terms of rates and it gives me the chance to win big. I don't expect to win that much but as the saying goes "You miss 100% of the shots you don't take".
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If you had put the £2500 in a Nationwide Flexdirect current account they would have paid you 5% interest for the year which is five times the return. So you would have had c. £2625.Haven't put into the Windfall account but I have a similar type of account with NS&I. In April 2015 I invested £2500 and as it stands I have £2525. A 1% return :-)
It may not be the best based on those numbers, but in the grand scheme of things: there's is much better out there at the moment in terms of rates and it gives me the chance to win big. I don't expect to win that much but as the saying goes "You miss 100% of the shots you don't take".
You could have then spent £50 of the £125 interest buying a Lotto ticket every other week (only playing on rollover weeks) and giving yourself a greater chance of winning a larger jackpot. And the £75 left over would still be 3x the interest that you would expect to receive on your premium bond 'investment' in a typical year.0 -
bowlhead99 wrote: »If you had put the £2500 in a Nationwide Flexdirect current account they would have paid you 5% interest for the year which is five times the return. So you would have had c. £2625.
You could have then spent £50 of the £125 interest buying a Lotto ticket every other week (only playing on rollover weeks) and giving yourself a greater chance of winning a larger jackpot. And the £75 left over would still be 3x the interest that you would expect to receive on your premium bond 'investment' in a typical year.
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