Premium Bonds

[XFool]

It won't be sooner. Takes ages to get paid into the bank. I certainly get the email quite a bit before the payment.

I meant sooner than the letter I currently get, not sooner than by email. I get that about the 15th of the month, does it take longer than that to reach your account?

They seem to reach my account by the eighth of the month. (No. Not the following month!)

[melonfool]

It won't be sooner. Takes ages to get paid into the bank. I certainly get the email quite a bit before the payment.

Mel

I meant sooner than the letter I currently get, not sooner than by email. I get that about the 15th of the month, does it take longer than that to reach your account? Anyway I'm happy to wait. What does knowing sooner do for you?

15th? That's insane. It should arrive about 5th, surely? But anyway, as someone else says, the payment arrives c8th, depending on day of the week.

Mel

[Gersemi]

15th? That's insane. It should arrive about 5th, surely? But anyway, as someone else says, the payment arrives c8th, depending on day of the week.

Mel

Lol - it's dated 2 or 3 of the month but invariably takes a lot longer to arrive, I think they must literally send it by a snail. But it still doesn't matter to me, it might if it was thousands, but how often does that happen?!

[melonfool]

But it still doesn't matter to me, it might if it was thousands, but how often does that happen?!

Ah, the days when you miss Gengulphus!

Mel

[kempiejon]

But it still doesn't matter to me, it might if it was thousands, but how often does that happen?!

Ah, the days when you miss Gengulphus!

Mel

That rang my statistics bell too. Good old G.

[yorkshirelad1]

3.26% this month (Nov 2024) on 4 YL family holdings;
Rate over last 12 months 3.7%

NS&I prize rate https://www.nsandi.com/interest-rates
Until Nov 2024 prize draw 4.4%
ftom Dec 2024 prize draw 4.15%

[XFool]

But it still doesn't matter to me, it might if it was thousands, but how often does that happen?!

Ah, the days when you miss Gengulphus!

Remember this:

Premium Bonds Calculator

https://www.moneysavingexpert.com/savings/premium-bonds-calculator/

Though I know I, and also others on TLF, have in the past had some apparent 'issues' with it.

[Gersemi]

I meant sooner than the letter I currently get, not sooner than by email. I get that about the 15th of the month, does it take longer than that to reach your account? Anyway I'm happy to wait. What does knowing sooner do for you?

15th? That's insane. It should arrive about 5th, surely? But anyway, as someone else says, the payment arrives c8th, depending on day of the week.

Mel

. . . And today I duly got a letter. I've won 2x£50. Actually OH got his letter last week - only his said the sum was being paid to him, which isn't true, it's reinvested same as mine. I wonder though if the reinvestment aspect is why it takes so long to send the letter as it has the bond numbers on it? Anyway I'm not going to let the £100 change me.

[yorkshirelad1]

New rates for Premium Bonds, Direct Saver and Income Bonds
26 November 2024
https://nsandi-corporate.com/news-research/news/new-rates-premium-bonds-direct-saver-and-income-bonds
The prize fund rate for Premium Bonds will change to 4.00% from the January 2025 draw

https://www.nsandi.com/interest-rates

It would seem:
Until Nov 2024: prize rate 4.4%
from Dec 2024: prize rate 4.15%
from Jan 2025: 4.00%