Premium Bond Winner ?

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.

Swipe

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?!

Next business day if you open a direct saver and cash them to there before you withdraw.

EssexHebridean

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?!

I made the request to withdraw on Monday, money landed in the bank first thing yesterday. That works for me as "easy" access. 

jaceyboy

EssexHebridean said:

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?!

I made the request to withdraw on Monday, money landed in the bank first thing yesterday. That works for me as "easy" access. 

I am referring to having to wait a clear month before you are eligible for the draw, fixed or instant access you earn straight away

PixelPound

jaceyboy said:

EssexHebridean said:

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?!

I made the request to withdraw on Monday, money landed in the bank first thing yesterday. That works for me as "easy" access. 

I am referring to having to wait a clear month before you are eligible for the draw, fixed or instant access you earn straight away

This is probably a hang over from the use of early ERNIE's that used to take many days to generate numbers. 

Maybe with how EAS are developing they will change. Though I suppose they don't want to encourage people buying for a few days until the draw then dumping into an EAS to then repeat the following month. 

gussie5555

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.

Except many many folks never touch their PB holdings for years - so they may aswell treat them as fixed assets. FOM will always be there in the human mind. When int rates were low then one could forgive leaving 50k sitting in PBs but not anymore. 7% plus 1 year fixed rates may become available in the next few months - it would then be madness to leave 50k languishing in PBs for an extended period of time.