Potter wrote: ↑Fri Jun 02, 2023 8:51 am
I took all of mine out and put it into something else, but then about a week ago I filled it up again to the max, although I'm not eligible for the draw until 1st July, the rules say it has to be in for one full calendar month before you get entered into the next draw.
So let's see what sort of winnings that produces over the next few months.
KungFooBob wrote: ↑Fri Jun 02, 2023 9:21 amNothing.
£200 this month which puts me a smidge under 4.5% return
Just checked and my mortgage is 8.84% now so it seems like time to pull a lump out of PBs. which is a shame as I look forward to the drawers each month
Potter wrote: ↑Fri Jun 02, 2023 10:52 am
Quite a few banks are offering 5%+ fixed term savings accounts now, some of them for a few years, so it suggests that analysts think the interest rate won't be going south for a few years and will likely go up instead.
One building society (that I've never heard of*) is offering a 9% account. Sadly, you need to have had an account with them for a year. My B Soc (Nationwide) is awash with cash and gave £s reward for 2 months based on what you spent at various shops eg Sainsbury, now it's rewarding members with a £100 each sort of dividend. (I guess rising interest rates have reduced the number of mortgages processed so they have a cash surplus?).
*Saffron, based in Essex.
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
I really need to sort out access to the Premium Bonds thingy! Need to call them I think. Pretty sure they'd have mailed me if I'd won, and I have very very little in there, but, you never know!! LOL
Life is for living. Buy the shoes. Eat the cake. Ride the bikes. Just, ride the bikes!!
Bustaspoke wrote: ↑Fri Jun 02, 2023 11:05 am
I'm going to take my money out & put it in a savings account now that the rates are going up.
Be aware of tax, if you've already maxed out your personal allowance then you'll pay tax on anything over a grand in interest, there are some finer details if you're a low earner where you can get further tax breaks, but generally that's it.
ISA and PBs are a good source of tax free interest.
Lloyds are offering a 4.25% for 2 years ISA right now.
It was 4% a few weeks back, so clearly they've revised their interest rate predictions as you say.
Noggin wrote: ↑Fri Jun 02, 2023 7:01 pm
I really need to sort out access to the Premium Bonds thingy! Need to call them I think. Pretty sure they'd have mailed me if I'd won, and I have very very little in there, but, you never know!! LOL
They're a pretty helpful bunch. I've been on the phone to them every week for the past 4, I haven't got access to my online account, there's something strange going on, they can log in, but I can't. All the people I've spoken to, haven't seen an issue like this before. Getting to the stage now, where the only option may be to close the account and open a new one.
Noggin wrote: ↑Fri Jun 02, 2023 7:01 pm
I really need to sort out access to the Premium Bonds thingy! Need to call them I think. Pretty sure they'd have mailed me if I'd won, and I have very very little in there, but, you never know!! LOL
They're a pretty helpful bunch. I've been on the phone to them every week for the past 4, I haven't got access to my online account, there's something strange going on, they can log in, but I can't. All the people I've spoken to, haven't seen an issue like this before. Getting to the stage now, where the only option may be to close the account and open a new one.
Wow, that's weird!
Mine's simple in that I had the app but it stopped working over here and it wasn't high on my priorites to check (cos, I'm not gonna win!! LOL) but then I couldn't remember how to log into the website. So just need to sort that out I guess.
I have a horrible feeling that I had it set to post cheques rather than go into the bank (set it up a LONG time ago!) so they may well be in a pile at my friends house if I have won anything
Life is for living. Buy the shoes. Eat the cake. Ride the bikes. Just, ride the bikes!!
On my account I recieve a email on the rare occasions that I've won something & the money goes directly in to my account a few days later.
However it doesn't happen often..
Noggin wrote: ↑Fri Jun 02, 2023 7:01 pm
I really need to sort out access to the Premium Bonds thingy! Need to call them I think. Pretty sure they'd have mailed me if I'd won, and I have very very little in there, but, you never know!! LOL
They're a pretty helpful bunch. I've been on the phone to them every week for the past 4, I haven't got access to my online account, there's something strange going on, they can log in, but I can't. All the people I've spoken to, haven't seen an issue like this before. Getting to the stage now, where the only option may be to close the account and open a new one.
Wow, that's weird!
Mine's simple in that I had the app but it stopped working over here and it wasn't high on my priorites to check (cos, I'm not gonna win!! LOL) but then I couldn't remember how to log into the website. So just need to sort that out I guess.
I have a horrible feeling that I had it set to post cheques rather than go into the bank (set it up a LONG time ago!) so they may well be in a pile at my friends house if I have won anything
You'll need your holders number. then you can sign in at nsandi.com
"Of all the stories you told me, which ones were true and which ones weren't?"
"My dear Doctor, they're all true."
"Even the lies?"
"Especially the lies."
I think I'm going to shove some more £'s in. Part of the attraction is it's tax free and the £1000 cap on interest and dividends is a pain. My 'plucky little portfolio' of income shares that I run, just to keep my hand in, eats that. Shame they don't count the losses against dividends (eg Vodaphone pay a pretty good dividend but the share price hasn't defied gravity, it's defined it )
Doubt is not a pleasant condition.
But certainty is an absurd one.
Voltaire
Sadly, you need to have had an account with them for a year. My B Soc (Nationwide) is awash with cash and gave £s reward for 2 months based on what you spent at various shops eg Sainsbury, now it's rewarding members with a £100 each sort of dividend. (I guess rising interest rates have reduced the number of mortgages processed so they have a cash surplus?).
)
