aye i did find that page after asking
You'll get a block of PBs (I think) which go into the draw...and never lose the amount you paid in...if that's what you mean?aye i did find that page after asking
It did raise another question though...
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...the value of premium bonds.
If i put £1000 into PBs tomorrow, would that be one PB worth £1000?
Each bond is £1, so, if you put £1000 in you get 1000 bonds (ie numbers).aye i did find that page after asking
It did raise another question though...
View attachment 569083
...regarding the value of premium bonds.
If i put £1000 into PBs tomorrow, would that get me one PB worth £1000?
I presumed they were each worth a pound, but the 'bond value' column on the right hand side confused me... what's that?
The honest answer is, I don’t know... but... I would say it is either, the total holding the person has, or, the value of the tranche bought, within which the winning single bond lies, ie, in your example it would be £1,000.
thank you
I'd always allow a couple of weeks for any banking transaction if don't have funds to cover a delay (ISA transfers always seem to take an age)
Yes... that's exactly what i want... easy access to my money but not so easy that i can spend it on a whim.
Good advice - I don't really trust the quoted delay either now, having been caught out once! Especially if bank holidays and/or pandemics might slow things up...
Had an interesting chat with my IFA yesterday. Our managed fund ISA’s continue to look good. And he confirmed that we can access them without penalty at 2-5 days notice. However, he was making the case that because I am no longer earning and my wife also will stop earning in a few months, then we need to be holding more cash. Not because of liquidity, but because if the market were to drop significantly, we would need the cash to tide us over to allow our managed funds to recover before we start dipping into them again.
So I’m now revisiting the options around cash products. I already have an instant access savings account that pays 0.5%, so I could add more to that. I could buy a cash ISA, the interest would be about the same but it would be available to convert to a stocks/shares ISA at a future date. Or I could buy PB’s. I’m tempted to buy PB’s, they sound more fun
The results are online as of this morningSimilar here - we do have a few different income streams that are very liquid but we are currently in the process of severing those. Therefore, we too needed some rapid access cash.
We've recently dumped £20k in there so not big beans but it fulfills the brief and as you say it's a bit of fun.
Our first entry into the electronic whiz-bang thingy is this month so we are hopeful! Someone will now tell us that the draw was yesterday and we have dipped out this time around.
