Premium Bonds - Not a bean for months now!!!!
Discussion
The Mad Monk said:
The potential 'rate of interest' on Premium Bonds is now 1%. To win £25 each month - £300 a year - you should theoretically hold £30,000 worth of Bonds.
I think.
How is my maths?
Isn't that from the December draw onwards? I know the interest rates on the other NS&I products go down in November. I think.
How is my maths?
jonwm said:
This is my first month, do they email you or do I need to log in?
First month since taking them out, or first month eligible for the draw? As I think you have to wait for the first draw to pass before you can take part, but I may recall that incorrectly.But yes, they do email eventually. I’ve had an email for this draw but the email to my wife for her £25 hasn’t come through yet. However, if you download the app, you can click and find out sooner, which I excitedly do every month, only to start the countdown again. It’s fun though, as for those split seconds, the big prize is mine
jonwm said:
This is my first month, do they email you or do I need to log in?
They email you, usually a day after you are able to check the results on the app, if you have won anything.Per the other poster, you need to have held them a full month after the month you bought them for the bonds to be eligible for the draw. So any bonds bought in September won’t be eligible for this draw but will be in the November draw.
markymarkthree said:
Hopefully those that aren't happy with how their bonds are performing will cash them in.
Surely less money in the pot = less to win? It raises a good question, whether winnings are dependent on the amount of holders....Worst month ever here however, a poxy £25 on 2 full accounts.
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