NS&I to cut premium bond rate and other accounts

strawb_shortcake

SpanishBlue said:

Splitting your PBs into 2 accounts of £50k & £20k surely would not affect your chances of winning?

Every PB has the same chance of winning regardless of how you split them.

I agree, it's more a case of I've always thought PB's have a worth it amount and I'm not sure £20k is it, obviously it would be £70k in total, but in my head it's separate.
The money we may need in a few years time for a house move so we can't take any risks with it, but I also feel we should have a bit of variety with our money too.

polymaff

SpanishBlue said:

Splitting your PBs into 2 accounts of £50k & £20k surely would not affect your chances of winning?

Every PB has the same chance of winning regardless of how you split them.

Test that idea out on MSE's Premium Bond Calculator.

strawb_shortcake

Average luck would see a return of £175 which looks better than anything we'd get on the high street. 
And on £70k we could reasonably expect £625.

MDMD

maman said:

My Lloyds Regular Saver is going to drop to 0.5% this coming year.  I'm inclined to open one as it's fixed  I really can't believe the 1.2%  Coventry a/c I have will last through the year. Who'd have thought 0.5% looked attractive??

Where does it say that Lloyds are dropping the Monthly Saver rate to 0.5%? I’ve looked on the website and can’t see anything.

maman

I'll check but I think I looked into the savings products menu from the Internet banking page. I'd love to be wrong. 😉

maman

maman said:

I'll check but I think I looked into the savings products menu from the Internet banking page. I'd love to be wrong. 😉

Delighted to say I must have looked up the wrong product. Just opened a new Club Lloyds monthly saver fixed at 1.5%.

Many apologies for the error. 

maman

I had a Coventry Regular Saver (£500 per month max) that just matured. Was able to open another at 1.3%. Good while it lasts. 😉