Premium bonds

Just £50 for me this month after my big £1k last. £275 for the missus.
 
6 winning numbers this month giving me my best return for about 18 months, the princely sum of £275. Bit gutted tbh, you'd have thought with 6 up.......

rolling annual return climbs to a whopping 2.4%, way down on its high of 4.3
 
£75 for me this month. Can't remember what my holdings are as haven't bought any new bonds since retiring.
 
Giovinco said:
Does it depend on how much money you put in?
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In theory, the more you hold, the larger sum of money you're likely to get returned.

Note, this is sum of money, and not necessarily % returns.

Personally, I think you can get a better return with some banks, but people seem to enjoy the monthly raffle which they no doubt just spend straight away on a treat rather than reinvesting in more bonds; therefore some what defeating the object of having them in the first place.

Just my opinion of course
 
They only make sense as a place for cash if;

A you have maxed out ISAs for the year
And
B maxed out your HMRC tax free saving allowance
 
chris85mcfc said:
In theory, the more you hold, the larger sum of money you're likely to get returned.

Note, this is sum of money, and not necessarily % returns.

Personally, I think you can get a better return with some banks, but people seem to enjoy the monthly raffle which they no doubt just spend straight away on a treat rather than reinvesting in more bonds; therefore some what defeating the object of having them in the first place.

Just my opinion of course
Click to expand...
Once you have maxed your ISA for the year it is worth doing if you have £22k+ as you should get close to the average win with that amount and it is tax free.

More people are getting into the 40% tax bracket now with only £500 interest before being taxed.
 
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