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

i cant recall how much i have in bonds but i get £25 once in a while.

i do wish that i had the max limit to get the more worthwhile returns.

£25 doesnt go far these days
 
ive been thinking of taking mine out
but Ive had good returns for a small amount in

i haven't had it a year yet, and i won 3x £25 i think which beats savings

but, i heard its best to leave it in, as in the longer you leave it in the more chances you get ? as they "mature" ?

i have a Barclays account
but i do currently have a nationwide one, with the added flex direct savings, which was about 2.5% when i took it 6 months ago

but :


www.moneysavingexpert.com

Top savings accounts

Find the best interest rate savings accounts & maximise your returns with Martin Lewis' guide.
www.moneysavingexpert.com www.moneysavingexpert.com


Ways to boost your interest. It's possible to beat the rates above with these non-standard accounts.
Barclays Rainy Day Saver

(need its current account)

5.12%£1/ £5,000YesOnline/ app/ phone/ branch
Nationwide FlexDirect

(current account, low max deposit)

5%£0/ £1,500YesOnline
Al Rayan Bank

(sharia account)

2.35%

(expected profit)

£5,000/ £1mYes
Online
 
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What about paying tax on these fixed accounts, as they are not ISAs. Does that go on the same earnings as your wages, or is it separate capitals gains tax?
 
rodders said:
What about paying tax on these fixed accounts, as they are not ISAs. Does that go on the same earnings as your wages, or is it separate capitals gains tax?
Click to expand...

Its income tax but there is an allowance (which depends on your highest tax rate)

www.gov.uk

Tax on savings interest

You do not pay tax on your savings interest if you're on a low income.
www.gov.uk www.gov.uk
 
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I have a few £k in PBs, it won £25 in March, April, June, July, August and September. But as soon as they doubled the effective interest rate for the October draw, it didn't win anything :D
 
have had PB for a good while now.
was just the sensible option as savings rates have been terrible for years. they are starting to get a little better though so could be time to move
but i've always liked the instant access to your money and that tiny chance of winning a jackpot
 
Not sure whether to comment in here or elsewhere, Santander have launched an easy-access eSaver account today with 2.75% interest... Joint applicants available and balances up to £250k
 
Thats interesting on Santander as thats higher than the regular saver
They do seem to be constantly changing the rates, 123 has moved twice quite recently
There must be some pressure on rates with capital flowing around by teh looks of things (reminds me of post financial crash when cash ISA rates kept going up and lenders were clearly after the funds, the the BOE bailed them all out heavily and they dumped the interest rates)

Actually they have increased the regular to 2.75% recently as well but only for new deposits! so mine is stuck at 2.5% since its a fixed rate product
 
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