Best savings account?

ljt · 2025-01-16T10:27:48+0000

beachBOYken said:
When or is there a best time to open premium bonds account, just thinking off when they do the prize draw.

The funds need to be in a whole calendar month before a prize draw.

So if you deposit now, you won't be in the draw until 1st March as they'll need to be in the whole of February.

beachBOYken · 2025-01-16T10:30:46+0000

ljt said:
The funds need to be in a whole calendar month before a prize draw.

So if you deposit now, you won't be in the draw until 1st March as they'll need to be in the whole of February.

Thanks, so best to open towards end of month.

I like the idea of this as its tax free and I can take funds out as and when.

ljt · 2025-01-16T10:35:39+0000

beachBOYken said:
Thanks, so best to open towards end of month.

I like the idea of this as its tax free and I can take funds out as and when.

Yeah could do, although it doesn't really matter whether you open it now or next week really, just means the money is either in your own bank account longer or in the PB account really. (Unless you're currently earning interest on the money in your bank/savings account, then leave it in your own accounts for another week)