Premium bonds transfer date.

shap101

I'm waiting on a bank  transfer to load up my premium bond account but it doesn't land until tomorrow. 

If I transfer the funds tomorrow (the 1st). into my premium bonds account will it be too late for the December monthly draw, it's a large amount so don't really want it sitting there for a month doing nothing. 
Thanks 

RG2015

shap101 said:

I'm waiting on a bank  transfer to load up my premium bond account but it doesn't land until tomorrow. 

If I transfer the funds tomorrow (the 1st). into my premium bonds account will it be too late for the December monthly draw, it's a large amount so don't really want it sitting there for a month doing nothing. 
Thanks 

Sadly, if your bonds are dated 1st December, they will not be eligible until the February draw. If you pay by debit card today you may be eligible for the January draw.

eskbanker

shap101 said:

If I transfer the funds tomorrow (the 1st). into my premium bonds account will it be too late for the December monthly draw

The draws are actually at the beginning of each month rather than the end, so December's draw is tomorrow, but yes, if you buy bonds today they'll be in the 1st January draw but if not until until tomorrow then their first draw would be the one on 1st February.

https://www.nsandi.com/files/asset/pdf/premium-bonds-brochure.pdf

When your Premium Bonds will go into the draws

In most cases, you’ll need to hold them for a whole month before they’re eligible for the prize draw. For example, if you buy Premium Bonds any time in November, they’ll be in the draw in January

jsmith9

You could send it to a direct saver and earn 0.15%pa for the month while you wait for the end of December...?

shap101

Thanks to all, gutted as I missed the Friday deadline by around 20 minutes.
It was from my post office account which had dropped to  .01% on Friday  it had to be transferred into my lloyds account as I don't have a debit card with the Postoffice account.
Jusr opened a new Postoffice account at 0. 39%   and will transfer the funds back until the end of next month . 

Thanks again 

cricidmuslibale

jsmith9 said:

You could send it to a direct saver and earn 0.15%pa for the month while you wait for the end of December...?

Before last Tuesday (24th Nov) sending it to a Direct Saver for a month would have been a good idea. Now though it's a bad one, you can earn the equivalent of 0.6%pa and get monthly interest with e.g. Aldermore, I believe

strawb_shortcake

shap101 said:

Thanks to all, gutted as I missed the Friday deadline by around 20 minutes.
It was from my post office account which had dropped to  .01% on Friday  it had to be transferred into my lloyds account as I don't have a debit card with the Postoffice account.
Jusr opened a new Postoffice account at 0. 39%   and will transfer the funds back until the end of next month . 

Thanks again 

To clarify you have to have the money in premium bonds for one calendar month before they are entered into a draw. There was no Friday deadline for December draw.