Premium bonds

[AtW]

Come on sweetheart, why are my numbers not right?

I'll give you a hint:

£40k

[MarillionFan]

You don't know?

It's obvious what's wrong.

Can't you really see it???

Do you want me to hold your hand? Why is 3% on £40k not £100 per month?

[AtW]

Do you want me to hold your hand? Why is 3% on £40k not £100 per month?

45% tax?

Too small amount of money in the first place?

Gaming the system and being proud of it?

[MarillionFan]

45% tax?

Too small amount of money in the first place?

Gaming the system and being proud of it?

Well done. No 1

Gross vs Net. Premium bonds are tax free.

Blood from a stone.

[WTFH]

Sorry for not replying sooner, I was busy sleeping.


I spread my savings, so some are in Premium Bonds and some are in savings accounts. My top earning savings account currently pays about £220 per month in interest. It's with Santander. I've no desire to go to a low interest account like the 123.

[AtW]

If you really want high interest rates then you might need to consider Premium Bonds in Greece...

[jamespoole]

Santander 123

As someone who was significantly involved in the 123 account I can tell you that it is highly unlikely to be sustained. It was a high level gamble on rates increasing a lot sooner than today. whilst customers have been advised its for the lifetime of the account, when Santander float and are bought outright by a foreign bank, they will simply rename and adjust at their own leisure.

It is a great account but only while it lasts, the issue being that they have lured in a much larger portion than expected and are sitting on a mountain of deposits and not enough new home buyers to lend it too.