Replies

• 1 June 2015 at 4:37PM

  Ifts Forumite

  1.9K Posts

  

  Forumite

  1 June 2015 at 4:37PM

  If you are wanting to top up its best to buy Premium Bonds near the end of the month, as you have to hold them for a whole calender month before they are eligible for the prize draw.
  
  If you buy today you will have to hold them for 2 months (June & July) before they are entered into the first prize draw (August) so wait till the end of the month to buy, then you only have to hold them for the one month (July) before they are entered into the August prize draw.

  Never let the perfume of the premium overpower the odour of the risk

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• 3 June 2015 at 11:27AM

  taylornj Forumite

  277 Posts

  

  Forumite

  3 June 2015 at 11:27AM

  Just arrived in my e-mail inbox today
  
  "NS&I has some exciting updates about Premium Bonds"
  
  Already decided I will top up later in the month. Been on my plans since it was first announched in the budget.

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• 3 June 2015 at 12:44PM

  jimjames Forumite

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  3 June 2015 at 12:44PM

  I'm struggling to see who would benefit from putting more money into Premium bonds.
  
  The return isn't guaranteed so although your capital is protected it will be losing value to inflation.

  Remember the saying: if it looks too good to be true it almost certainly is.

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• 3 June 2015 at 3:28PM

  AndyT678 Forumite

  756 Posts

  

  3 June 2015 at 3:28PM

  jimjames wrote: »

  I'm struggling to see who would benefit from putting more money into Premium bonds.
  
  The return isn't guaranteed so although your capital is protected it will be losing value to inflation.

  
  I'm going to stick with my current allocation of £0

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• 4 June 2015 at 11:16AM

  brewerdave Forumite

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  4 June 2015 at 11:16AM

  First six months of this year our total holdings of ~ £30k have "earned" £75 ! Only just over 0.5% annual return -certainly not worth diverting any more of our cash.

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• 4 June 2015 at 1:07PM

  droopsnoot Forumite

  1.5K Posts

  

  4 June 2015 at 1:07PM

  My AER remains at just under 1%. I haven't increased my holding since the limits were raised, but it's something I keep considering. Letters like the three I got from the AA today telling me my 1.7% account will be 0.25% from August make it appealing.

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• 4 June 2015 at 5:20PM

  maypole Forumite

  1.8K Posts

  

  4 June 2015 at 5:20PM

  We haven't had anything for the last 5 months and we have the "old" maximum amount invested so we won't be buying anymore.

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