Premium bonds - weird coincidence

[biggs682]

Do you reinvest in bonds or spend the money?

Re invest

 

[vickster]

Spend as I have the max, or maybe it goes into other savings. I don’t monitor my finances especially closely
Just make sure I pay myself and HMRC every month

 

[Saluki]

I too have set mine to reinvest, and like you, have a long way to go to get to the 50k limit.

Current plan is to put any spare money into them, keeping a small amount back for unexpected emergencies.

My retirement fund for when I get fed up of this working lark

I do that. put £400 or so into my ISA every month but the interest drops like a stone in January. I will look about. If I can find nothing suitable, I will pop the money into premium bonds. Nice and safe. Money left in my bank account on payday goes to the premium bonds, to the nearest £25. Keeps the numbers straight. I have it set to reinvest. Lots of savings scope until my pot is full.

 

[Salty seadog]

Bang on £500 since February. At least £25 a month but struck out in December, highest £150.

 

[potsy]

Another £25 today, 2nd successive £25 'win'

 

[ColinJ]

Another £25 today, 2nd successive £25 'win'

Ha ha - told you so!

 

[Salty seadog]

Bang on £500 since February. At least £25 a month but struck out in December, highest £150.

Struck out again that's 2 months on the bounce.

 

[vickster]

£25 here too

 

[Jenkins]

The reduction in prize payouts has been noticable for the past couple of months. Just £25 in January.

 

[ianrauk]

£25 here too

 

[Houthakker]

When we moved house 10 years ago, I had £400 in PB's. Wrote to tell them of the move and they acknowldged it, then I forgot all about them. Decided a few months ago to stick a couple of grand I had in a 0% account into PB's but couldn't get logged in to my account.
Turns out there was a problem with my account, had not been updated properly at the time and had been frozen. Took a couple of weeks but sorted now. Logged on to find I had won £125 over the 10 years, which for a £400 baance seems a good rate of return.
Plus another £25 this month as well.

 

[biggs682]

£125 here today

 

[Chromatic]

The reduction in prize payouts has been noticable for the past couple of months. Just £25 in January.

Yes indeed, my dad has the maximum holding and he won £25 this month and nothing last month.

 

[bikingdad90]

£500 this month which I reinvested as I have a long way to go to meet the maximum.
It’ll pay for the decorating of the hall, stairs and landing.

 

[vickster]

£25 only