Premium Bond Winner ?

strawb_shortcake

ranciduk said:

If I cash in some PB’s tonight - when would the money be back in my nominated account?

My Husband cashed in today, was told it would be in by end of the 7th

ranciduk

Thanks all

when the interest rate went up I thought it was worrying that they greatly reduced the number of £25 prizes (the only prizes I’ve ever won)

surprise surprise I’ve won naff all since (won 7 £25 prizes in the 3 draws before the increase)

gonna move it to an EA account where I know I will get a guaranteed return every month- not just if I’m ‘lucky’!

BooJewels

The NS&I Income Bonds have increased the interest to 1.8% and you get that paid each month into your nominated bank account, so that might be an option.

I didn't win anything this month, but my sister got 3 x £25.

Swipe

ranciduk said:

If I cash in some PB’s tonight - when would the money be back in my nominated account?

You can get them next day if you open a direct saver and withdraw them to there.

griffinsaver26

£10,250 holding and won one £25 in over a year! Think it would be better off in a fixed savings account but I do like to dream! 

Cell

Swipe said:

ranciduk said:

If I cash in some PB’s tonight - when would the money be back in my nominated account?

You can get them next day if you open a direct saver and withdraw them to there.

Don't you still have to wait the same time for NSI to pay out?

Swipe

Cell said:

Swipe said:

ranciduk said:

If I cash in some PB’s tonight - when would the money be back in my nominated account?

You can get them next day if you open a direct saver and withdraw them to there.

Don't you still have to wait the same time for NSI to pay out?

Withdrawing directly from Premium bonds is 3 working days but instant to direct saver. Withdrawal to your nominated bank account from direct saver is the next working day for amounts less than £50K

MX5huggy

Primrose said:

I keep a primitive spreadsheet listing bond numbers and their winnings.  Interesting to note that three of my £25 wins this month were actually on bonds I'd reinvested with previous £25 winners before NS&I stopped you reinvesting your winnings..

@Primrose why do you think they have stopped reinvestment of winnings? Last months winnings went back in the draw not that it did any good £0 on £28k. 

See if they push the prize fund up again after tomorrow probably be close to 1% behind easy access savings by next month if they don’t. 

Cell

MX5huggy said:

Primrose said:

I keep a primitive spreadsheet listing bond numbers and their winnings.  Interesting to note that three of my £25 wins this month were actually on bonds I'd reinvested with previous £25 winners before NS&I stopped you reinvesting your winnings..

@Primrose why do you think they have stopped reinvestment of winnings? Last months winnings went back in the draw not that it did any good £0 on £28k. 

See if they push the prize fund up again after tomorrow probably be close to 1% behind easy access savings by next month if they don’t. 

I haven't been told they've stopped you reinvesting your winnings, Is that just when you have the maximum holding?

The websites says:

Reinvested into more Bonds

If you have less than the maximum invested then using your winnings to buy more Bonds can be a great way of boosting your chances of winning again. Choose this option and we’ll automatically reinvest the prize money for you. As a bonus, your new Bonds will be eligible to win prizes from the very next draw.

hoc

Why Ernie?