Premium Bonds UK - are they worth buying? - MoneySavingExpert

Jan 6, 2024 · When we compare Premium Bonds against simple top standard savings, you're actually more likely to get more for your money with savings than Premium Bonds if you have average luck. So overall, the summary is Premium Bonds can beat normal easy-access …

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Is It Still Worth Having Any Premium Bonds? - MoneySavingExpert …

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Jun 20, 2024 · Premium bonds pay an average 4.4% but it's tax free so a 20% basic rate tax payer would need 5.5% and a higher rate payer 7.3% before tax to get the same return. Those …

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Is It Still Worth Having Any Premium Bonds? - Page 3

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Jun 22, 2024 · If you make on average 4.4% from PBs you actually have quite good luck. PBs have a place, especially for higher tax payers but saying "premium bonds pay an average …

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Is It Still Worth Having Any Premium Bonds? - Page 2

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Jun 20, 2024 · Premium Bond prizes worth £92 million still waiting to be claimed – here's how to check if you're due a share. Nearly 2.5 million Premium Bond prizes worth a combined £92 …

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Premium Bonds: Here's My Annual Returns With £38k Invested

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My 50k premium bonds have just completed their first year today, and made £625 over the year, so 1.25%. Still keep waiting for the knock on the door from agent million though haha! Also …

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Thinking About Buying Premium Bonds But Don't Have Anywhere …

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Winning the premium bonds can give you a life changing amount of money, and in that context: sure, having 50k makes it much more likely to happen than £500, but £500 is infinitely more …

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Is It Still Worth Having Premium Bonds? : R/UKPersonalFinance

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LISAs are better in every way for buying a home. You can save £4000 per tax year and get 25% bonus on that. The saving doesn't have to be monthly and can be a lump sum. You could put …

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Premium Bonds: Are They Worth Buying? - Which?

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With £81m in unclaimed premium bond prizes (October 2023), it's worth checking that you haven't missed out on a prize. There's no time limit for claims. ... You can use the same form to check …

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MoneySavingExpert Premium Bonds Articles

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Aug 15, 2023 · Nearly 2.5 million Premium Bond prizes worth a combined £92 million remain unclaimed, according to the latest figures. Most bondholders now get prizes paid …

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2025 Frugal Living Challenge - Page 25 - MoneySavingExpert Forum

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2 days ago · Aldi had (probably still have!) very reasonably priced 100% peanut butter. ... Good luck with transferring ISA to premium bonds. My 2025 savings target is a monthly challenge to …

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Martin Lewis Analysis: Should You Fix Your Energy Bills?

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12 hours ago · MoneySavingExpert.com founder Martin Lewis explains in the latest episode of ITV's The Martin Lewis Money Show Live that you can typically save 7% straight away by …

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FAQs about Premium Bonds UK - are they worth buying? - MoneySavingExpert Coupon?

Are Premium Bonds worth investing in?

Martin Lewis has explained how Premium Bonds work - and if they are worth investing in. Premium Bonds are a savings product, but instead of getting a guaranteed rate of interest, you're entered into a monthly prize draw - so your chance of getting anything back on your savings is down to luck. ...

How much do premium bonds pay?

If you make on average 4.4% from PBs you actually have quite good luck. PBs have a place, especially for higher tax payers but saying "premium bonds pay an average 4.4%" is not helpful particularly to those reading about PBs without having any other understanding of them. ...

Do Premium Bonds look better if you save more?

Here's when Martin says Premium Bonds can look better though: They're better if you're saving roughly £10,000+. As Martin said on his show last night: "The more you're saving, the better – over roughly £10,000, they start to look much better." ...

When should I buy Premium Bonds?

So buy bonds any time in June and they'll be in the draw from August. If you're moving money over from other savings, it's best to do it in the last week of the month, as that way you minimise the time the money's not earning interest and also not in a draw for Premium Bonds. ...

What happens when you win a premium bond?

When you win a premium bond, you receive a tax-free cash prize. The prize amount varies, with the most common prize being £25 and the largest prize being £1 million. The odds of winning a prize are currently 24,500 to 1. ...

Is my money safe with Premium Bonds?

With Premium Bonds, your capital is totally safe. The money you put in is guaranteed, as Premium Bonds are operated by NS&I, which is backed by the Treasury. While the 'interest' (prize fund) is a gamble, your initial investment is secure. ...