Premium Bonds - Not a bean for months now!!!!
Discussion
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.
£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.
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.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?
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 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?
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.
That's good news on the time scales. I was getting worried.
My PB winnings previously went direct to bank so I assumed would take a while.
I topped up my wife's PBs late Feb, so bond winnings can't auto-reinvest, so I swapped the nominated accounts for both our bonds to our NS&I Direct Saver thingy.
It seems NS&I will pre-create a nominated account if you've paid funds from one of those accounts and they don't have any others set up, as it was showing as their Direct Saver paying in number (but first digits starred out), so assumed this was the right account as it said NS&I. Though only when checking do you realise it'd also need a reference to work properly.
However, it seems upon checking after winning big this month, that there were new nominated account selections for our specific Direct Saver account numbers to be able to choose. Ie, NS&I Direct Saver, with our specific account reference number. Bit odd that they're now an option to select (in neither case did I enter actual numbers to create these nominated accounts, only ever set my nominated bank account for mine, and reinvest for my wife's.
Bit confusing if you ask me. I rang NS&I and they seemed to think it'd end up in the right place. Fingers crossed.
I'm not a big fan of their system because once you create a nominated account, it hides a lot of details. Ie, a reference number isn't visible. The full account number isn't visible either. I'm not sure why these would/should be hidden... especially if they may be auto-generated by NS&I and you assume they're correct.
Until you've tested a nominated account actually does pay out to the proper location after being set up, it's hard to then later trust a nominated account (which you can't confirm the payee details on explicitly each time), with £50,000+ type payments!
But thumbs up to NS&I for good customer support. The people on the phone spoke proper English with an English accent and understood my exact issue and clearly were using their brains!
My PB winnings previously went direct to bank so I assumed would take a while.
I topped up my wife's PBs late Feb, so bond winnings can't auto-reinvest, so I swapped the nominated accounts for both our bonds to our NS&I Direct Saver thingy.
It seems NS&I will pre-create a nominated account if you've paid funds from one of those accounts and they don't have any others set up, as it was showing as their Direct Saver paying in number (but first digits starred out), so assumed this was the right account as it said NS&I. Though only when checking do you realise it'd also need a reference to work properly.
However, it seems upon checking after winning big this month, that there were new nominated account selections for our specific Direct Saver account numbers to be able to choose. Ie, NS&I Direct Saver, with our specific account reference number. Bit odd that they're now an option to select (in neither case did I enter actual numbers to create these nominated accounts, only ever set my nominated bank account for mine, and reinvest for my wife's.
Bit confusing if you ask me. I rang NS&I and they seemed to think it'd end up in the right place. Fingers crossed.
I'm not a big fan of their system because once you create a nominated account, it hides a lot of details. Ie, a reference number isn't visible. The full account number isn't visible either. I'm not sure why these would/should be hidden... especially if they may be auto-generated by NS&I and you assume they're correct.
Until you've tested a nominated account actually does pay out to the proper location after being set up, it's hard to then later trust a nominated account (which you can't confirm the payee details on explicitly each time), with £50,000+ type payments!
But thumbs up to NS&I for good customer support. The people on the phone spoke proper English with an English accent and understood my exact issue and clearly were using their brains!
webstercivet said:
sh1ggsy said:
webstercivet said:
How long for prizes to be paid, normally? My 3x£25 should be coming to my nominated bank account, but no sign of a pending (or actual) transfer in it yet.
Normally expect to receive my winnings around the 8th.UmpaLoompa said:
webstercivet said:
sh1ggsy said:
webstercivet said:
How long for prizes to be paid, normally? My 3x£25 should be coming to my nominated bank account, but no sign of a pending (or actual) transfer in it yet.
Normally expect to receive my winnings around the 8th.Gassing Station | Finance | Top of Page | What's New | My Stuff