Premium Bond withdrawal & reinvestment

[Sarah]

Having a pretty good couple of months!

Code: Select all

Draw date	Prize value
August 2023 	£100
August 2023 	£50
July 2023 	£100

[planteria]

good going Sarah. should we ask your investment level?

[blythburgh]

good going Sarah. should we ask your investment level?

I would not dare ask such a personal question but pleased for your good fortune

[Sarah]

I have fewer than half the maximum number of bonds.

[planteria]

oh that is good going then

[planteria]

https://www.bbc.co.uk/news/business-66438764

4.65% is a good rate in fairness. i've been putting some small payments into NS&I ref this thread

viewtopic.php?f=5&t=90678&start=80

but may look to move more into PBs.

[Richard Frost]

After 18 months of rises, National Savings and Investments (NS&I) is cutting the 'prize fund rate' on premium bonds from the March draw.

The rate, which describes the average annual prize payout, will be reduced to 4.4% from 4.65%.

Here, Which? explains how the change affects the odds of winning and what it means for the number of premium bond prizes.

https://www.which.co.uk/news/article/ns ... __20240115

[macliam]

After 18 months of rises, National Savings and Investments (NS&I) is cutting the 'prize fund rate' on premium bonds from the March draw.

The rate, which describes the average annual prize payout, will be reduced to 4.4% from 4.65%.

Here, Which? explains how the change affects the odds of winning and what it means for the number of premium bond prizes.

https://www.which.co.uk/news/article/ns ... __20240115

Unfortunately the same thing is happening to interest rates all over..... Virgin have just informed me that their M Plus Saver account rate is dropping from 3.55% to 2.50%, so NS&I are still ahead....

[Richard Frost]

After 18 months of rises, National Savings and Investments (NS&I) is cutting the 'prize fund rate' on premium bonds from the March draw.

The rate, which describes the average annual prize payout, will be reduced to 4.4% from 4.65%.

Here, Which? explains how the change affects the odds of winning and what it means for the number of premium bond prizes.

https://www.which.co.uk/news/article/ns ... __20240115

Unfortunately the same thing is happening to interest rates all over..... Virgin have just informed me that their M Plus Saver account rate is dropping from 3.55% to 2.50%, so NS&I are still ahead....

Yes Nationwide have slashed all their savings accounts also.

[planteria]

indeed yes. i have the Nationwide RegSav at 8% and Solana staked on Coinbase at 5.01%.
viewtopic.php?f=5&t=90827
that's about as 'Savings' as i get nowadays.