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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Actually, if you've not already withdrawn...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Actually, if you've not already withdrawn...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.

DJSINGH

RosieRooBear said:

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.

Thanks both. I had some that are eligible for October so I filled the form for the latter bonds. I wouldnt have found this if you both hadnt mentioned! It does say up to 8 days to clear though..!

RosieRooBear

@DJSINGH, I’ve withdrawn twice and both times I’ve received the funds within two days even though I had the message saying up to 8 days to clear, so hopefully it will be the same for you 🤞

MallyGirl

4 x £50 + 1 x £25 on £46k holding (which started in January)

arthurdick

£325 this month.  On Max holding.

So far my first 7 draws have given me

March  £75
April   £350
May   £425
June  £225
July   £150
Aug   £300
Sept  £325

viccdee

It is dispiriting reading how much others with a full holding have won. My FH has so far given me a pathetic return. My first draw was in February:


Feb: £25
Mar: £150
Apr: £100
May: £175
Jun: £50
Jul: £0
Aug: £150
Sep: £125

Running total: £775 (= annualised interest rate of 2.3%)