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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.

MSE_James

Please could we get this thread back on track in terms of being a place to share our successes (or otherwise) in each month's draw?

If people would like to debate the merits of PBs please do that in another thread (but in a friendly way).

This month, for me, £100 on a £3,600 holding.

Primrose

I,m wondering if anybody on here has had the same premium bond winning twice . A pretty unlikely possibility I would suspect.  In view of the randomness of thwt happening, perhaps any such winner should qualify for a bonus prize!   I have a block of £10k and have had one or two relatively near misses, over the years, within 100 digits of each other.

subjecttocontract

I've had hundreds of PB prizes over many years.......like most people I couldn't care less what the number of the winning bond was, only the value of the prize. I certainly wouldn't know if one of my bonds won more than once.

auser99

Primrose said:

I,m wondering if anybody on here has had the same premium bond winning twice . A pretty unlikely possibility I would suspect.  In view of the randomness of thwt happening, perhaps any such winner should qualify for a bonus prize!   I have a block of £10k and have had one or two relatively near misses, over the years, within 100 digits of each other.

Silly question,  but is that easy to check?
I don't think I've ever noticed which single bond has won a prize on any confirmation email or taken a note down from the website.
Let alone filed them for years and years?

auser99

gussie5555 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.

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.

Take away the hypothetical 7% which isn't here, use 6% instead.

And say the individual who holds the PB is a 40% tax payer.  Then that 6% figure very quickly moves back towards the average luck yield a holder would have anyway.
Just with the benefit of the occasional big prize.

Having also had to tie your money up for a year or more rather than get immediate access (well, as immediate as ns&I do!)