premium bonds.

[KungFooBob]

£275 this year so far, so about 0.8% for me.

[Mr. Dazzle]

My basic rate ISA is already back up to 0.45%, so it won't be very long at all until it overtakes the nominal rate for Premium Bonds I think. I've got some cash in accounts which pay 1.5% too.

Never gonna get the million of course, but that 1.5% is guaranteed.

[KungFooBob]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

[Mr. Dazzle]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

Let me know when you actually win that then

[KungFooBob]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

Let me know when you actually win that then

Then it will be Champagne for my real friends and real pain for my sham friends.

[KungFooBob]

They publish the larger prize breakdown on the 1st of the month (you have to wait until the 2nd for the smaller ones).

On the 1st I go on the website and look at the list of winners.

It shows the prize value, the location and the holders stake.

Yesterday I was sat on the shitter, scrolling through the list and there was a £5k won in South Yorkshire with a £34k holding.

I got quite excited.

I asked the wife how many we had... £35k

[Pirahna]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

I know, that's why I keep it there, well that plus their savings account is guaranteed over the normal amount guaranteed by banks.

But if it's a reasonable amount of money then even a half percent shift is enough to move it, a full percent is definitely worth it, especially when it's so low anyway.

https://www.yourmoney.com/saving-bankin ... ate-boost/

NS&I going up to 1.2% which isn't that good, Chase are doing 1.5%, Virgin are doing 1.7%. Chase is guaranteed up to £85k not sure about Virgin, wifey has just opened an account with them.

[Yorick]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

So like a free lottery every week. How do the odds compare to the National lottery?

[Noggin]

I have a few (not much!!) But my uk mobile number has finally died, so need to call NS&I to get access to the account!! Pretty sure I won't have won anything, but I should probably check!! LOL

[KungFooBob]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

So like a free lottery every week. How do the odds compare to the National lottery?

Every month.

The chances of winning depend on how many bonds you have, there's sites that have odds calculators if you google.

[Yorick]

It's not all about the % though, you're also signed up for a chance to win the big prize. Which would blow any savings account out of the water

So like a free lottery every week. How do the odds compare to the National lottery?

Every month.

The chances of winning depend on how many bonds you have, there's sites that have odds calculators if you google.

Lottery odds 1 in 45 million

What are the odds of winning with 50000 Premium Bonds?

1 in 3,811,777,478

Chances of winning each Premium Bonds prize per bond

Prize amountNumber per monthOdds of winning at least this amount per £1 bond in one month
£1 million x2 1 in 59,082,205,208

£100,000 x 10. 1 in 9,847,084,623

£50,000 x 19. 1 in 3,811,777,478

£25,000 x 39. 1 in 1,688,073,122

[Pirahna]

Lottery odds 1 in 45 million

The big difference between the lottery and premium bonds is that your money doesn't vanish. Think of a premium bond as a lottery ticket that lasts until you get bored then you get the original stake back.

[Yorick]

Lottery odds 1 in 45 million

The big difference between the lottery and premium bonds is that your money doesn't vanish. Think of a premium bond as a lottery ticket that lasts until you get bored then you get the original stake back.

Yup, that's what I was getting at.

[Pirahna]

Lottery odds 1 in 45 million

The big difference between the lottery and premium bonds is that your money doesn't vanish. Think of a premium bond as a lottery ticket that lasts until you get bored then you get the original stake back.

Yup, that's what I was getting at.

Changing the subject, something that may interest you or not. The exchange rate using a Chase account is a couple of points lower lower than Revolut but then they're giving 1% cash back every time you spend.

[Yorick]

The big difference between the lottery and premium bonds is that your money doesn't vanish. Think of a premium bond as a lottery ticket that lasts until you get bored then you get the original stake back.

Yup, that's what I was getting at.

Changing the subject, something that may interest you or not. The exchange rate using a Chase account is a couple of points lower lower than Revolut but then they're giving 1% cash back every time you spend.

We bring our money over using Wise who are excellent. We watch the Euro carefully and bring some over each time it climbs a bit

[KungFooBob]

3x £25

[Pirahna]

£25 for me and £25 for wifey, a bit shit given the amount of money.

[Dodgy69]

25

[McSatan]

Gold. My little pile has gone up in value by roughly 1200 quid in the last week. [1] Easy to liquidate and no CGT or VAT either. But I'm in it for the longer term.

[1] We live in interesting times. Money always starts moving outside the banking system when there's the stench of war/financial chaos in the air.

[Yorick]

Atom bank is doing 4% on a 2yr fixed term account.

You can arrange to have the interest paid out, e.g. you put £100k in and every year on the anniversary they'll pay the £4k into another nominated bank account.

It won't keep up with inflation and whatever you put in is only guaranteed under standard FCA bank guarantee of £85k.

4% though, guaranteed, it's not bad, my equities are getting spanked and I don't know what my pension is doing at the moment but I bet it hasn't returned 4% on average in the last year.

Might be worth holding though, interest rates are going to have to rise more aggressively before the new year, so you could gamble and wait for 4.5% or even 5% and then fix it for a couple of years at that.

I'm gonna go for 5 year lockins on all our stuff after the next interest rate rise.