Premium Bonds - Not a bean for months now!!!!

Premium Bonds - Not a bean for months now!!!!

Author
Discussion

hodjie

18 posts

112 months

Wednesday 3rd March
quotequote all
50k invested , £25 this year mad

Mr Whippy

23,572 posts

205 months

Wednesday 3rd March
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UmpaLoompa said:
Mr Whippy said:
webstercivet said:
Mr Whippy said:
vixen1700 said:
£50 on £100k.
It's rather depressing and really is a sign of the times of how knackered our economy is.

If you said to someone to take your £100k and do something with it and generate £50 after 1 month, you'd be seriously questioning what potential there is out there in the economy, or how incompetent the person you lent the money to is.

Not a good sign.
To make it a fair comparison with NS&I, the person you're lending to would have to 100% guarantee you'd get every penny back at any time you request it. But yes it's amazing how low interest rates are and for how long things have been this way.
Yes to make it fair.

But I was loosely suggesting I was giving £100k to the government of a large global economy.

If they can only muster £50 a month out of my £100,000 then we're well and truly screwed.

I bet I could go into a large town centre and find £50 in a day just looking for dropped coins.
Why should the government pay more if they can still get willing investors at those rates, which are broadly aligned with the wider market?
They shouldn’t. It’s not the point. The point is the most capable borrower can make essentially nothing from your money.

That suggests the market is dead.

The only glimmer of hope is the enforced consumption/stimulus of build back better green thingy... but I bet the yields are lower hehe
The reward here is being able to feel smug...

nammynake

2,420 posts

137 months

Wednesday 3rd March
quotequote all
£125 on £100k

daos

8 posts

84 months

Wednesday 3rd March
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£25 on £10k, first prize in 3 months

Supernova190188

797 posts

103 months

Wednesday 3rd March
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Nothing for the 6th month in a row on £17k

Halmyre

9,064 posts

103 months

Wednesday 3rd March
quotequote all
Halmyre said:
Third month in a row with zilch. frown
I tell a lie, just got the notification this morning, obviously takes time to get round to telling everyone. £25.

Kwackersaki

1,086 posts

192 months

Wednesday 3rd March
quotequote all
1 x £100 on £47K

Thin White Duke

1,876 posts

124 months

Wednesday 3rd March
quotequote all
3 X 25 on maximum holdings.

emicen

7,666 posts

182 months

Wednesday 3rd March
quotequote all
£25 win this month, £50 since I first bought some bonds.

At this period of investment, £42.59 would be on target for 1% return, so overall I’m slightly ahead.

FunkyNige

7,368 posts

239 months

Wednesday 3rd March
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FunkyNige said:
Been building it up in my account from June and there was about £11k in there, yesterday was my first prize (£25), I may find somewhere else to put it...
Obviously NS&I read my post as another £25 this month on slightly less.

Chester draws

1,206 posts

74 months

Wednesday 3rd March
quotequote all
In for next month's draw.

End of Feb I put £25k in. According to statistics and probability, I'm likely to "win" nothing in April.

Let's see.

Rob_125

697 posts

112 months

Wednesday 3rd March
quotequote all
£50 on my 50k
£75 on 'her' 50k

Not too bad...but not great.

Jonny_

3,019 posts

171 months

Wednesday 3rd March
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Oddly, after having nothing since opening the account in July, I've had a prize every month for the past 3 months.

£50 this month, £25 in Feb and £25 in Jan.

Currently have just over £20k invested; started out by paying in £8500 in July and then paying in £1500 each month since.

Some rough calculations put this at about the equivalent of a 1% AER, so not spectacular but not terrible either.

The Ferret

714 posts

124 months

Wednesday 3rd March
quotequote all
£25 on £10k invested at Xmas, so only been eligible for a couple of draws.

That’ll be it for me, f*** all now for the rest of the year I guarantee it.

PaulWoof

1,384 posts

119 months

Thursday 4th March
quotequote all
How have peoples withdrawal times been for premium bonds?

I need to take funds out to fill out my LISA before final day 05/04.

Would waiting till midnight 31/03 to be in the draw and then withdraw be risking it to get the money back in my account in time?

Ridealong

381 posts

34 months

Thursday 4th March
quotequote all
A single £25 win grumpy

trickywoo

9,172 posts

194 months

Thursday 4th March
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PaulWoof said:
How have peoples withdrawal times been for premium bonds?

I need to take funds out to fill out my LISA before final day 05/04.

Would waiting till midnight 31/03 to be in the draw and then withdraw be risking it to get the money back in my account in time?
That’s bang on the Easter weekend. Can’t see it happening myself. They are quoting the results day as 6th April so I can’t see a transfer happening in time.

doogle83

431 posts

111 months

Thursday 4th March
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I put a withdrawal in on Tuesday morning, the money has just turned up in my account today.

The_Doc

4,106 posts

184 months

Thursday 4th March
quotequote all
PaulWoof said:
How have peoples withdrawal times been for premium bonds?

I need to take funds out to fill out my LISA before final day 05/04.

Would waiting till midnight 31/03 to be in the draw and then withdraw be risking it to get the money back in my account in time?
48 hours to reach my account.
I won on Tuesday's draw (March 2nd) having set the closure for "After the next draw" The money arrived this morning.
2 banking days.

Powerkiter

152 posts

188 months

Thursday 4th March
quotequote all
1x £100 and 3x £25 on £50k this month.