not terrible just high variance
Premium Bonds - If you post to say how much you've won, please also say how much you have invested.
- Thread starter Feek
- Start date
not terrible just high variance
Soldato
Agreed, I have some money I can set aside like this where it's safe but can also win me some money occasionally!
I've only had one £50 from £3k saved.
Soldato
It's about £30k to have >50% chance of beating a savings account, for a higher rate tax payer.
Premium bonds are for when you've used up your isa allowance and have cash remaining (e.g. your emergency fund),
so you want to put that somewhere where you don't shafted by savings interest tax.
MSE link for reference, coz ppl have different circumstances so have to read up to see what's right for them:
Premium Bonds
Premium Bonds are the UK's most popular savings vehicle, but Martin Lewis' detailed analysis shows returns don't add up for many compared with savings.
www.moneysavingexpert.com
It's about £30k to have >50% chance of beating a savings account, for a higher rate tax payer.
Premium bonds are for when you've used up your isa allowance and have cash remaining (e.g. your emergency fund),
so you want to put that somewhere where you don't shafted by savings interest tax.
MSE link for reference, coz ppl have different circumstances so have to read up to see what's right for them:
Premium Bonds
Premium Bonds are the UK's most popular savings vehicle, but Martin Lewis' detailed analysis shows returns don't add up for many compared with savings.
Yeah the table in section 3 sums it up well, but remember these figures are based on 'average luck'...
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It's about £30k to have >50% chance of beating a savings account, for a higher rate tax payer.
Premium bonds are for when you've used up your isa allowance and have cash remaining (e.g. your emergency fund),
so you want to put that somewhere where you don't shafted by savings interest tax.
MSE link for reference, coz ppl have different circumstances so have to read up to see what's right for them:
Premium Bonds
Premium Bonds are the UK's most popular savings vehicle, but Martin Lewis' detailed analysis shows returns don't add up for many compared with savings.
Yeah agreed. I won't be refilling when I take mine out as I don't fill my isa allowance after increasing my pension.
Associate
I've got 10k in as of September 2022 and have won £475.
Not a spectator return. Started off well though as I've had 0 winnings since November!
I do need to look into an ISA though as I've got currently £4 sat in an ISA. I need to properly research what the best ISA is and get my head around it.
Not a spectator return. Started off well though as I've had 0 winnings since November!
I do need to look into an ISA though as I've got currently £4 sat in an ISA. I need to properly research what the best ISA is and get my head around it.
Man of Honour
- Joined
- 21 Nov 2004
- Posts
- 45,974
So I’ve maxed my taxable interest allowance on savings accounts, so I figure premium bonds would be a bit of fun. Only about 6k in them so far, so my target now is to fill them. I think it works out at somewhere between 18-24 months to fill them, depending on other bills. They seem very user friendly to manage these days.
Associate
Results due tomorrow ?
For the smaller amounts yeah, the big wins are already posted on the NS&I website.
Soldato
I prefer not to check, it prolongs the hope.
Soldato
Soldato
£50k win from my area with a similar holding and date to me, got excited for a second
Just had a skim though the posted results for July and it looks as though:
Someone in Hampshire And Isle Of Wight has won £25,000 on a £43 total premium bond holding.
Someone in South Yorkshire has won £100,000 on a £500 total premium bond holding.
Someone in Hampshire And Isle Of Wight has won £25,000 on a £43 total premium bond holding.
Someone in South Yorkshire has won £100,000 on a £500 total premium bond holding.
You would already know as you would have had a visit by Agent Million by now.
Soldato
Not necessarily. He might have got something posted through his door. Sorry you weren't in so we've given the million to your neighbour
