The largest lump I moved in one go, was £30,000, no problems.
This is the site to get started.......https://www.nsandi.com/products/premium-bonds
By the way all your investments with them are 100% protected, unlike the banks.
I’m getting fed up with premium bonds.
- Thread starter Mottie
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The largest lump I moved in one go, was £30,000, no problems.
This is the site to get started.......https://www.nsandi.com/products/premium-bonds
By the way all your investments with them are 100% protected, unlike the banks.
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B
Bodd
Thank you traz... I would do a small amount first to test the water.
A small amount will help you verify that you have connected to NS&I, but it will not give you a representative rate of return.
With a small investment, your prizes are likely to be so rare that you may never see one.
With £50,000 you can expect to approach a 1% prize return, and with most prizes at £25, almost 20 in an average year, randomly distributed. With £500 you could expect a prize averaging less than once in five years. With £50 you'd be lucky to receive one in a lifetime.
Of course, you might be lucky and win a million, but the chances are vanishingly small, and best disregarded.
With a small investment, your prizes are likely to be so rare that you may never see one.
With £50,000 you can expect to approach a 1% prize return, and with most prizes at £25, almost 20 in an average year, randomly distributed. With £500 you could expect a prize averaging less than once in five years. With £50 you'd be lucky to receive one in a lifetime.
Of course, you might be lucky and win a million, but the chances are vanishingly small, and best disregarded.
B
Bodd
Thank you John.
It would be a good chunk. Money I want to use when we finally get out of this world we are in. If I win I win it cant be any worse than sitting in my account.
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Bodd
Of the two, fifty quid prizes today, one account had £35k and the other (my sons account with money from grandparents and us that he doesn’t know he’s got) has about £3,500. He's only ever won one £25 prize before. My wife has £35k and got sod all this month. The £50 from my £35k was the first prize I’d won in the last 3 months. Hit and miss, pot luck, chance but better than nothing and not much less than investing it.
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Got another 3 x £25
2 x £25.
D
dontbelieveawordofit
don’t you get emails or paid straight to your bank?
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They email you, and it gets paid in, but not for a while after the draw. The website was easy, just put in your number and it tells you if you are a winner or not. They changed the site last month, possibly coinciding with the reduction in prizes, and i found it unusable , so I downloaded the app on my phone. Checked on app, winner, but no email yet.
D
dontbelieveawordofit
learn something every day
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Mine worked out to 1.0% in the last year.
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