Premium Bond Winner ?

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BooJewels said:

I did get a couple of paper warrants last month for wins to an estate account I'd cashed in as executor - just for £25 each.  Don't even know why they weren't paid to her as they were both from wins over a year ago.  Nor do I know why the value wasn't just paid into the bank, along with the value of her holding.  They seem to make work for themselves - and they were sent separately. 

I got the same on my mum's estate.

jaceyboy

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

cymruchris

jaceyboy said:

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

Daft question - what's that to do with premium bonds, being as they have a max holding of £50k? Or do you have a partner/family member that also has a holding and you're going to combine them into one bond?

jaceyboy

cymruchris said:

jaceyboy said:

Seriously considering taking out £85k and doing a fixed bond for a year at 6.10% with Firstsave, interest would be £5185.00 for the year....and as im a low tax earner tax would be not much

Daft question - what's that to do with premium bonds, being as they have a max holding of £50k? Or do you have a partner/family member that also has a holding and you're going to combine them into one bond?

Yep between two of us, cant see us winning £5k on PB's

sugar_daddy1237

Had £50k in my account and £40k in my daughters. I won £950 this year and daughters won £1275. Not bad really.
But decided to take out £25k each and purchase a house to rent to get some guaranteed income. Put request in Monday to Withdraw, money was in my account today. 

arthurdick

Small win this month but better than no win. 1x£100, 1X £50.

July  £150
June  £225
May   £425
April  £350
March  £75.

Bought bonds in Jan, 5 draws so far and £1225.  Compared to some posts I have read, I ain't doing too bad, I am happy with that.  Max holding.

jaceyboy

sugar_daddy1237 said:

Had £50k in my account and £40k in my daughters. I won £950 this year and daughters won £1275. Not bad really.
But decided to take out £25k each and purchase a house to rent to get some guaranteed income. Put request in Monday to Withdraw, money was in my account today. 

I dont blame you, I think with fixed rates above 6% now makes sense to forget PB's

eskbanker

jaceyboy said:
I think with fixed rates above 6% now makes sense to forget PB's

Fixed rates will almost always be better than easy access products, so that's not a like for like comparison.

jaceyboy

eskbanker said:

jaceyboy said:
I think with fixed rates above 6% now makes sense to forget PB's

Fixed rates will almost always be better than easy access products, so that's not a like for like comparison.

PB's are hardy easy access?!

InvesterJones

jaceyboy said:

eskbanker said:

jaceyboy said:
I think with fixed rates above 6% now makes sense to forget PB's

Fixed rates will almost always be better than easy access products, so that's not a like for like comparison.

PB's are hardy easy access?!

Why not? You can make as many withdrawals as you like and you get the money in a few days. Vs 0 withdrawals for fixed rate bonds.