Mrs Mottie and I have just over £40k each in premium bonds that we have bought at various times over the past 8 years or so as well as having any winnings reinvested so we have quite a few separate random blocks of bonds. Just recently we are lucky enough to be able to afford to top them up to the max holding of £50k.
What I'm wondering is whether it is best to just top up to the maximum amount or cash in what we have and each buy a single 'fresh' holding block of £50k. I know it will mean missing out on one draw but is any method better than the other? The only 'evidence' I have is that my mum has had much better luck with her single maximum holding (so far!).
Any arguments for or against either method?
What I'm wondering is whether it is best to just top up to the maximum amount or cash in what we have and each buy a single 'fresh' holding block of £50k. I know it will mean missing out on one draw but is any method better than the other? The only 'evidence' I have is that my mum has had much better luck with her single maximum holding (so far!).
Any arguments for or against either method?