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Premium Bonds
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- Lemon Half
- Posts: 6139
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Re: Premium Bonds
From the same source but also here https://www.nsandi.com/income-bonds:
Income Bonds reducing to 0.70% gross/0.70% AER (from 1 May 2020).
Oh dear indeed.
Income Bonds reducing to 0.70% gross/0.70% AER (from 1 May 2020).
Oh dear indeed.
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- Lemon Quarter
- Posts: 4654
- Joined: November 8th, 2016, 5:01 pm
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Re: Premium Bonds
So the govt. doesn't want to borrow our money which must mean serious tax hikes as they are going to need loads to finance all their expensive projects, flood damage, etc etc.
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- Lemon Slice
- Posts: 909
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Re: Premium Bonds
Or they figure that it won't make any difference to the number of people "investing" in Premium Bonds so why pay more than they need to.
I don't suppose I'll be selling any of mine.
I don't suppose I'll be selling any of mine.
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- Lemon Slice
- Posts: 912
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Re: Premium Bonds
XFool wrote:Oh dear!
Blow for 21million Premium Bond holders as NS&I wields the axe - with HALF as many people winning £50 and £100 prizes from May
This is Money
We will have to see what the effects are for the £25 prizes. More details here:The cuts reduce the effective prize fund rate of Premium Bonds, which do not pay interest, to 1.3 per cent a year, and the odds of any one bond winning a prize from 24,500 to 1 to 26,000 to 1.
Expected return on maximum current holding now 1.15%
(12 * 50,000/26,000) = 23.08
23 * 25/50000 = 1.15%
Here's the full announcement from NS&I
https://nsandi-corporate.com/news-research/news/nsi-announces-reduction-interest-rates
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- Lemon Slice
- Posts: 655
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Re: Premium Bonds
My Premium Bonds have performed much better than my investments this month. I won £25 on a £31k holding
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- Lemon Quarter
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- Lemon Quarter
- Posts: 3134
- Joined: November 4th, 2016, 11:12 am
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- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
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Re: Premium Bonds
4 x £25 this month, full holding, March 2020:
https://www.nsandi.com/prize-checker
It is neck and neck, going down to the wire.
https://www.nsandi.com/prize-checker
It is neck and neck, going down to the wire.
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- Lemon Half
- Posts: 6385
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Re: Premium Bonds
Meh. £25 on c £13k
Better than a kick in the whatevers, but retirement is no nearer -particularly as my equities haven't done too well over the past fortnight
Better than a kick in the whatevers, but retirement is no nearer -particularly as my equities haven't done too well over the past fortnight
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- Lemon Slice
- Posts: 325
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Re: Premium Bonds
5*£25 = £125 for March across £100k (£50k each spouse). Returns of 1.4% and 1.2% overall in 2019. Did hit a £50k prize in 2017 so still content to hold as you never know.
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- Lemon Quarter
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Re: Premium Bonds
Fantastic! I have just heard I've won £100k. What a relief now all my divs. are being axed and my shares have devalued horrendously. Perhaps my luck has finally changed.
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- Lemon Half
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Re: Premium Bonds
Bouleversee wrote:Fantastic! I have just heard I've won £100k. ...
Is it before 12 noon where you are?
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- Lemon Quarter
- Posts: 4654
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Re: Premium Bonds
I wish! No it hasn't. April Fool!
I'll think myself lucky if I get a £25 prize. Good luck everyone.
I'll think myself lucky if I get a £25 prize. Good luck everyone.
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- Lemon Quarter
- Posts: 4654
- Joined: November 8th, 2016, 5:01 pm
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Re: Premium Bonds
Oh dear! Does one have to do it before Noon? If I knew that I'd forgotten, which won't surprise you. Oh well, I was just trying to raise the odd smile in these grim circs. Back to counting the divs. I won't be getting.
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- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
- Has thanked: 1589 times
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- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
- Has thanked: 1589 times
- Been thanked: 1801 times
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- Lemon Quarter
- Posts: 4654
- Joined: November 8th, 2016, 5:01 pm
- Has thanked: 1195 times
- Been thanked: 903 times
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