A week or so ago the government announced a reduction in the prize fund
from May 2017. So no longer as good.
2.17million £25 prizes vs 2.27million in May 2016 - down, but not by
that much (4% reduction). It is still very favourable compared to
savings accounts *if* you can save a sufficient sum to see regular returns.
Premium bonds are highly underrated.
I didn't want an account where it needed a level of funds going in or
one where it had to have so many utility bills going out via DD. I am
already tied into such an account. I also wanted one where I could
Many/most of the accounts I found insist on there being so much per
month paid in, 2 or 3 DD's for utilities and a monthly fee for the
account. I didn't want any of that, I just wanted somewhere where I
could lodge a lump sum and have it earn some interest, yet have access
to it when and should I need it.
You can open two tesco bank current accounts and get 3% on £3k in each
if that helps.
No fees, and no minimum pay in or DDs.
Just make sure you don't get hacked by using a good password and two
party login (I assume its available but haven't checked).
well of course some fool posted about it on the net
there are hundreds of such sites with info about good offers, there are even
some where you can find out what your local supermarket currently has in its
marked-down cabinet - which unless you are standing outside the store at the
time it is posted will almost certainly be gone before you get there
what did/do they expect?
That sounds like a cop out to me.
They often put in some clause A copy out how much of the capital you can
get access to fast, since of course the whole point of a building society is
that they are using that to lend money and of course fund their activities
and have to make a reasonable profit themselves.
This newsgroup posting comes to you directly from...
Having checked banks, ISas and most other things that dont have a high
risk I opted a couple of years back to load some into Premium Bonds and
so far I reckon on having made around 3% per year. I also top loaded my
OVO utlity account which gives 3% but max of £1000 only allowed.
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