Premium Bonds - If you post to say how much you've won, please also say how much you have invested.

I've had diddly squat for the past 3 months. At current interest rates I'd be earning about £40 a month post tax in a savings account.

I've just bought some more to max it out so I'll give it another month before pulling it all out I reckon.
 
I won 2 x £25, same as last month.

Slime said:
I've had diddly squat for the past 3 months. At current interest rates I'd be earning about £40 a month post tax in a savings account.

I've just bought some more to max it out so I'll give it another month before pulling it all out I reckon.
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Did you buy more before the start of the month? If not they won't be in December's draw.
 
SoundsGood said:
I've just seen this graph in an email from MSE.
Dwykbnq.png
It looks like it's worth topping up family/kids accounts to >£1.4k before a personal account already on a higher balance.
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Rate of pay out does not change at £1.4k it's just that's the point you are more likely or not to win £25 after a year invested......

For example at a interest rate of 2% on £1000 invested you would get £20, it's just the rate on premium bonds is not guaranteed and minimum payout is £25....that chart really is not very helpful/clear....
 
darkgen said:
I think it's a joke or I'm exceptionally unlucky. I've had 30k in PB for years and never won more than 300 quid in any given year. This year thus far - £75.
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How many years? From 2009 until 2022 the interest rate was pathetic between 1-1.3% mostly. So £300 was 1% of £30k, about the expected return.
 
Raymond Lin said:
How much invested?
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This is the thing. Looking at the high interest savings accounts now with 5% it's probably not returning as much as one of these savings accounts

Just under about half of what you can hold

I need to check the high interest accounts..I dont think you can just move a big lump sum in can you? Usually a max of £200 or £400 per month with a limit you can hold in there and which is lower
 
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DJMK4 said:
This is the thing. Looking at the high interest savings accounts now with 5% it's probably not returning as much as one of these savings accounts

Just below 25k

I need to check the high interest accounts..I dont think you can just move a big lump sum in can you? Usually a max of £200 or £400 per month with a limit you can hold in there and which is lower
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Nah, there are loads of fixed accounts where you can bung in up 1m; check MSE
 
DJMK4 said:
This is the thing. Looking at the high interest savings accounts now with 5% it's probably not returning as much as one of these savings accounts

Just below 25k

I need to check the high interest accounts..I dont think you can just move a big lump sum in can you? Usually a max of £200 or £400 per month with a limit you can hold in there and which is lower
Click to expand...

Barclays Rainy Day let you put in £5k max for 5%. so £5k at 5% get you like £20 a month.

I haven't looked deeper into other instant access savings account, I have a Chase one at 2.05%, and recently opened a Santander at 2.7%.
 
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