NS&I Premium Bonds

Lamo

Lamo

Lamo

Associate
Joined
14 Apr 2006
Posts
681
Location
Scotland - North Ayrshire
Can anybody tell me if premium bonds can be cashed in at the post office that day or do you have to send the form away and have it paid into your bank account 8 days later.

It won't be a arge amount 1 bond £100
 
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simulatorman said:
Why’s that then? ;)
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An average of 1.3% interest rate.

Hatter The Mad said:
Savings rates a very poor at the moment. No other account gives you a chance of winning £1m. Your money is 100% guaranteed.
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Savings rates are much better than the 1.3% average that you get from premium bonds, and the chance of winning £1 million is less than the chance of winning the euromillions. Anyway I would invest not save.
 
To answer the original question, you will need to fill the forms out.

I have some cash in them and am in the process of taking it out, not sure where it will go, I have about £40k in savings and nowhere is paying a significant amount of interest :(

Fortunately we're leaving for New Zealand soon so will benefit from low interest rates rather than being penalised by them.
 
ricky1981 said:
To answer the original question, you will need to fill the forms out.

I have some cash in them and am in the process of taking it out, not sure where it will go, I have about £40k in savings and nowhere is paying a significant amount of interest :(

Fortunately we're leaving for New Zealand soon so will benefit from low interest rates rather than being penalised by them.
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cheers pal, looks like I will fill the form out. I was hoping you could just cash it in at the post office or something
 
simulatorman said:
Don’t you have to have to hold at least £30k worth to have a reasonable chance of winning a prize regularly.
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£30K is the maximum one person can hold. Ive got the max and in 1 year its paid me out £450. Lousy investment but at least I didnt worry about when the banks appeared to be folding.

Methinks its time to move it somewhere else but with bonds and savings plans paying next to nothing in interest at least I get the smallest tingle of excitement at draw time.
 
I'd say it was a pretty safe method at the moment.
Safer than some of the banks.

And hey, you may get free monies.
Statistically the newer bonds are winning more frequently than the older bonds.

They need to shake up the hat a bit more before they pick the numbers :D
 
Energize said:
Humans see patterns in everything, it is merely random chance, look at the lottery stats, some balls appear in over 20% of the draws.
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I completely agree. Just seems to be so odd how it happens.
People that have had their bonds for 10 years have had around £100 across all the years, and my parents who've had them maybe 2 years seem to get a £50 payout every week.

I do understand its chance however.
Just a strange coincidence.
 
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