Premium Bonds

[Anonymous No.12356546]

UK anons, I'm sick of the shitty interest rates of savings accounts at the moment so I'm going to put a grand in a premium bonds account.

Anyone else bought some bonds?
How much did you put in?
How much have you made from it?

[Anonymous No.12356576]

Did you DYOR? The chance of making decent money with premium bonds is slim

[Anonymous No.12356609]

>>12356546
I had £200 in premium bonds from the day I was born. I'm 24, and I withdrew £200 last month when my mum found the sheet in her filing cabinet.
Absolute waste of time.

[Anonymous No.12356617]

>>12356576
I figured if I don't get any thing I'll still have the money. I would have only made like £15 interest after a year

[Anonymous No.12356662]

>>12356609
I wouldn't leave it in that long tbf.
£200 in 1994 is a loss of around £150

[Anonymous No.12356726]

>>12356546
>A grand
You've obviously not looked hard enough.
Nationwide does 5% for a year on up to £2500, pays monthly too so you can compound. Can open single and a joint.
TSB does 5% on up to £1500

[Anonymous No.12356747]

>>12356726
Instant access too, money isn't locked away.
I would only buy bonds as an index/ETF so they can be disposed of if needed. QE in the UK bought trillions of Gov Bonds, which are yet to be sold off

[Anonymous No.12356823]

Currently have about 34k in premium bonds, gf has about 15k in bonds too. We were using other means of investing for a while but we chased out as things were getting risky. We have decided bonds are the way forward for a year.

I've currently made about £150 in three months. May have made more in other accounts but there is a slim chance of something bigger too. Im there for that really.

[Anonymous No.12356960]

>>12356726
>>12356747
Interesting cheers, my only concern with opening loads of savings accounts is being rammed up the arse by HMRC

[Anonymous No.12357186]

>>12356609
>yer mum didn't give you a bitcoin wallet for your 10th birthday

not gonna make it

[Anonymous No.12357187]

>>12356960
Savings/interest is tax free up to £1000 (of interest) a year. As long as you make less than 40k a year

[Anonymous No.12357195]

>>12356747
also buying bonds at a time when interest rates are rising is a great way to lose money

[Anonymous No.12357218]

>>12356546

Fucking Premium Bonds...yeah enjoy inflation destroying the value of your 1% roi

Put it into Bitcoin ffs

[Anonymous No.12357284]

>>12356546
>Anyone else bought some bonds?
yes
>How much did you put in?
£25k
>How much have you made from it?
about £300 a year on average

[Anonymous No.12357411]

>>12357284
So you're losing money

[Anonymous No.12357472]

>>12356546
I had 10-15k in NSI Premium Bonds. Generally got the 20 quid prize around every 2 months-ish.

Luck based though and more money = more chances that's all. Either ways it's worth even just putting the min £100 in for the minute lightening strike chance at a million.

Considering interests rates nowadays you miss out on the price of 1 sandwich per year.

[Anonymous No.12357486]

>>12356726
Are you sure you can compound if it's "up to" 2500?

[Anonymous No.12357505]

>>12357195
lol only for fucking loans. Interest rates on ALL my high-paying accounts have been halved in the last few months.

The only account I can compound gives 1.025%. The 3%, 5% etc accounts I had have been halved.

[Anonymous No.12357512]

>>12356546
>Bonds
Grampa, who taught you how to use the internet?

[Anonymous No.12357516]

>>12357486
OP can compound his £1000.
But yes you're right it's capped at 2500 so you can't compound after this point with the account.
You could take that money elsewhere to compound though

[Anonymous No.12357549]

>>12357516
That's the problem with most "high" (anything over 1%) interest accounts nowadays. They all have limits so you can't compound properly.

Either "up to" a certain amount, then no interest after (my Santander 123, "up to" 20k), or limits on the amount you can put in, (£200 a month for 1 year, then it "matures" and resets back to 0). Compound Interest being one of the "wonders of the world" is now gone, kikes have caught on that normal people were benefiting.

[Anonymous No.12357591]

>>12357549
I'm quite young and not earning much so I'm taking all the scraps and gibs I can get from the banks.
Switching multiple accounts for the free money, credit card with cashback and always paying it back.

Getting some cash together to buy into stock market after the Brexit dump

[Anonymous No.12357626]

>>12357411


.....well if you want to compare it to inflation I guess I am but its better than ISA's i've looked at and I need the flexibility to take money out if I need it.

I'm open to other low risk Ideas if you have any.

[Anonymous No.12357663]

>>12357626
ISA don't matter with savings/interest as you can get £1000 tax free. Which is 5% of 20,000.

If you want to put in the effort, get the Nationwide 5% single and joint if possible. TSB 5% single and joint.
Santander does 3% up to 20k AFAIK.
Divvy it up to something manageable, all money backed by FCA or whatever and all instant access.

[Anonymous No.12357671]

>>12357591
Problem is m8, our pounds might be worthless after "the brexit dump" lol.

Also one thing I found to get a bit of extra cash is to use the various bank's apps, you're guaranteed to find something that doesn't work in them, or their process. Complain and you may get £100.

Bank of Scotland's Vantage accounts, it only let me set one of them up at first when it should have let me have three, I complained, £100 for me for free.

Could earn quite a bit by just complaining about small issues like that. Good on you for switching too though, I told the same BoS to FO and moved my £15k I had in those vantage accounts into crypto, when they halved the interest rate (3% to 1.5%, even lower now I think).

Banks are wank. I had £70k saved up and was making bugger all with it.

Now got most of it in RateSetter and Crypto.

[Anonymous No.12357724]

>>12357663
Those 5% accounts, do they require x amount of Direct Debits? My Santander acc and a couple of others already have those used up.

Another way the kikes are fucking people over and stopping compounding / benefitting from "high" interest.

But yeah you're right that ISAs are useless if you're not earning over 1k a year interest anyway. My Santander ISA I had dropped to 0.60% (lol), I had 15k in that. Moved it all into crypto and NSI Bonds instead.

Now using a Help2Buy Halifax ISA. Both me and the GF have one so hopefully can get some free cash if we can ever actually buy our first house..

[Anonymous No.12357728]

>>12357671
>Problem is m8, our pounds might be worthless after "the brexit dump" lol.
I was considering hedging or shorting with an ETF but I'm still a noob and would end up fucking it up probably

>Complaining to banks for gibs
Devilish

[Anonymous No.12357741]

>>12357724
>Those 5% accounts, do they require x amount of Direct Debits?
No, you need to pay in a certain amount each month so set up a Standing Order between the different banks and it works for me.

[Anonymous No.12357762]

>>12357663
>If you want to put in the effort, get the Nationwide 5% single

I had a quick look and the only one I could find let you "Save up to £250 a month" which hardly seems worth the effort.

[Anonymous No.12357771]

Why does the economy have to be like this? It just insn't fair. Back in the old days, you saved up, you put it in a bank, and it grew.
Nowadays, saving is actively discouraged.
I don't understand anything about economics but this is unfair and encourages bad behaviours.
t. brainlet

[Anonymous No.12357786]

>>12357762
https://www.nationwide.co.uk/products/current-accounts/flexdirect/features-and-benefits
Here you are fren

[Anonymous No.12357804]

>>12357771
It's a concerted effort of the war on cash, savings and money in general.
Low interest rates to encourage spending, and cheap debt so you can buy more useless shit.
Keynesian are the devil.

[Anonymous No.12357807]

>>12357741
Ah that's fair nuff then, might look into that.

Looks like Santander's saver account.

[Anonymous No.12357963]

>>12357771
you are not a brainlet, the brainlets are the ones taking on debts to buy daft things and fucking themselves over if interest rates go up

or if there is a fiat crisis maybe they will be the geniuses when their £1m debt is worth the equivalent of £1 in today's money

but yes this guy >>12357804 is right, keynesianism is a scam and evil

[Anonymous No.12358247]

>>12357186

[Anonymous No.12358323]

>>12357771
The economy is like this for the interests of spenders. Those who have leveraged so much debt and want to continue their lifestyle at the same level. The whole thing is a ponzi scheme and when the whole thing comes crashing down it will be a disaster. Spenders are better rewarded than savers

[Anonymous No.12358431]

>do shit in school, bad lad
>trade apprenticeship at 16
>3yrs later open up own business
>rake in mad money compared to peers
>have 2 kids lease an audi
>mortgage a 3 bed semi
>go out with the lads every friday
>nob the mrs and eat the kebab after
>snort a few lines on saturday whilst at the footy
>quiet disney film and sunday roast at your parents house
>replace material items every 2-3 years
>repeat for the next 30 years

[Anonymous No.12358477]

>>12358431
>tfw I should have gone down the trade route

[Anonymous No.12358491]

I have 200k in a nationwide flex account

Where should I put it?

[Anonymous No.12358513]

>>12356546
>mfw I just read article about subpremiums and bto
>next article was about kardashians
WOW
and you want yo buy bond now?
ARE YOU STUPID?
Buy fucking 50 sacks of potatoes and sell them in february or march, sometimes 200% profit in 4-5 months
>bonds
ahahahahahahahahahhahahaha

[Anonymous No.12358517]

>>12358491
Pics or gtfo

Send it to me. Happy to to take it off your hands
Are people on biz this stupid or what?
Dumb fucks.


BUY ANOTHER house. And then put it on rent.

You make like 20-30% per year on your investment.

[Anonymous No.12358583]

>>12358431

>do well in school, Teachers pet
>Stay in education until 23
>3yrs later working minimum wage in warehouse because overqualified for half of the jobs and too inexperienced for the other half.
>Make bad money compared to peers
>Single and buy a 10 year old Peugeot that breaks after 5 months
>Rent a 1 bed flat
>No friends
>jerk off and eat instant noodles after
>Type a few lines for my novel on Saturday whilst at home browsing 4chan
>quiet Disney film and sunday toast at my flat
>replace material items every 5-10 years
>repeat for the next 60 years