Premium Bond Winner ?

Bobajobbob

£300 last month and £400 this month on £50k.

TheAble

First month for me and £100 on £10k invested. Beginners' luck no doubt but happy with that

brewerdave

We have a total holding of ~ £84k - every month this year we have "won" with a maximum of £450 last month. HOWEVER, this month neither of us has won with the new rate of 4.65% - presumably this reflects the reduction in the number of smaller prizes!

Sg28

brewerdave said:

We have a total holding of ~ £84k - every month this year we have "won" with a maximum of £450 last month. HOWEVER, this month neither of us has won with the new rate of 4.65% - presumably this reflects the reduction in the number of smaller prizes!

Smaller prizes £100 or less have increased not reduced, you've just had a very unlucky month. 

DJSINGH

I put X amount of money into the bonds on 1st Sep. However, it says the first draw is November because you have to wait a full calendar month. Does it now make sense to withdraw and put back in around the end of September? In the mean time, I can earn interest on a current account. Have I understood right?

Swipe

DJSINGH said:

I put X amount of money into the bonds on 1st Sep. However, it says the first draw is November because you have to wait a full calendar month. Does it now make sense to withdraw and put back in around the end of September? In the mean time, I can earn interest on a current account. Have I understood right?

Yes, big mistake putting them in on 1st while rates are high. Get them back out and just make sure they are back in by 30th. Which current account still pays interest these days? Put them in an easy access instead.

DJSINGH

Swipe said:

DJSINGH said:

I put X amount of money into the bonds on 1st Sep. However, it says the first draw is November because you have to wait a full calendar month. Does it now make sense to withdraw and put back in around the end of September? In the mean time, I can earn interest on a current account. Have I understood right?

Yes, big mistake putting them in on 1st while rates are high. Get them back out and just make sure they are back in by 30th. Which current account still pays interest these days? Put them in an easy access instead.

Thanks and my bad! I thought 1st September would give me the September as a full month!

I meant EA, and Satander 5.2%

Thanks alot!!

Nikkster

DJSINGH said:

I put X amount of money into the bonds on 1st Sep. However, it says the first draw is November because you have to wait a full calendar month. Does it now make sense to withdraw and put back in around the end of September? In the mean time, I can earn interest on a current account. Have I understood right?

Actually, if you've not already withdrawn... I think they cancel the oldest bonds first? So the ones you just bought will still wait for the Nov draw.

I'm sure someone will correct me if I'm wrong (and apologies if that's the case)

RosieRooBear

Nikkster said:

DJSINGH said:

I put X amount of money into the bonds on 1st Sep. However, it says the first draw is November because you have to wait a full calendar month. Does it now make sense to withdraw and put back in around the end of September? In the mean time, I can earn interest on a current account. Have I understood right?

Actually, if you've not already withdrawn... I think they cancel the oldest bonds first? So the ones you just bought will still wait for the Nov draw.

I'm sure someone will correct me if I'm wrong (and apologies if that's the case)

You’re right, the oldest bonds get cashed first, but they do have an online form to request specific bonds to be cashed. I used it last month as I wanted to leave a £25 bond from 1985 in the draw (sentimental reasons, as it was one I had given to me in my younger years, although I’ve never won anything on it). It was very quick, requested withdrawal day after the draw and money was in my bank account two days later.

Westertonbilly

£375 on FH. Best yet, had plenty blanks last year so a change of fortune.