Re: Premium Bonds
Originally Posted by
galty
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Ok am back but maybe not for long.
Removed 20K from my ISA which gave me a return of £150 for the year at an interest rate of .75 meaning I got an extra £150 on my holding of £20k
With it bought a 20k t Bond to add to my holding of £20k which gives me an intertrest rate of1.45%
Last month won £50
This month won a £100.
To get the Interest paid on PBs will still have to win £625 to break even
This will also negate the holdings I owned before I bought the other £20k.
Yes it will be interesting to see how you get on.
Ive got £20k ( slightly over that ) and earned £300 on pbs in 2018........That is DOUBLE the amount I would have got on a cash isa.
£50 so far in 2019 means I'm on track to match 2018.
I will be putting a bit more in when I finish a property renovation I'm doing which I will then holiday let in the Scottish Borders ( nearly finished). I set a budget for the renovation but should come in about 5k under so will put that in I should think........
As I earn money on my holiday let I will increase my holding to the max.......PB's are fun!