NS&I to cut premium bond rate and other accounts

Luke86

And I was doing pretty well this year Guess I should look at doing something else with it.

talexuser

We have the majority of our cash savings in PBs because of the tax advantage. I have had the max for 26 months with £1575 in prizes, all £25 except for a single £100, which if my maths is correct works out at 1.45% AER. My partner had the max for 25 months with prizes of £1500 , all 25s, which works out as 1.44%. So it looks like we have been very slightly above average luck so far.
Next year I expect the prizes should average between £450 and £475 a year for max holding. If the savings rates continue to fall in the coming months PBs remain a viable option for higher rate taxpayers, exceeding the £500 savings allowance (as if on 0.01% !!) and tax free status.

ScoobyZ

eskbanker said:

ScoobyZ said:

cooldude255220 said:

• Income Bonds down to 0.01%

So if I put £10 million in the income account I will have £1k a year income!

No, you'd have £9m returned to you and receive £100 income from your maximum £1m balance....

Ahh forgot the max.
So £100 income from £1 million. That's less than £2 a week. They shouldn't really call it an income bond.

ffacoffipawb

Bye Income Bonds, hello Hargreaves Lansdown Active Savings

polymaff

talexuser said:

Next year I expect the prizes should average between £450 and £475 a year for max holding. If the savings rates continue to fall in the coming months PBs remain a viable option for higher rate taxpayers, exceeding the £500 savings allowance (as if on 0.01% !!) and tax free status.

Even if the savings rates don't continue to fall, PBs remain etc. etc.

Unless the rate for PBs also continues to fall. ...

longhill

Hi does anyone know if when NS&I want to ring for a sercuity check is it a person or automated as husband is ill and has trouble talking 

coyrls

longhill said:

Hi does anyone know if when NS&I want to ring for a sercuity check is it a person or automated as husband is ill and has trouble talking 

The security check for withdrawals is automated.

RG2015

longhill said:

Hi does anyone know if when NS&I want to ring for a sercuity check is it a person or automated as husband is ill and has trouble talking 

Automated, and you can use the keypad to respond.

RG2015

coyrls said:

longhill said:

Hi does anyone know if when NS&I want to ring for a sercuity check is it a person or automated as husband is ill and has trouble talking 

The security check for withdrawals is automated.

It is also automated for random login confirmations and when logging in with a new device.

coyrls

RG2015 said:

coyrls said:

longhill said:

Hi does anyone know if when NS&I want to ring for a sercuity check is it a person or automated as husband is ill and has trouble talking 

The security check for withdrawals is automated.

It is also automated for random login confirmations and when logging in with a new device.

OK, never had one of those.