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I Heard On The Radio This Morning You Can Get... in The AnswerBank: Business & Finance
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I Heard On The Radio This Morning You Can Get...

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sandyRoe | 13:32 Sat 25th Jan 2025 | Business & Finance
41 Answers

...4% on some saving accounts.

Which ones?

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18:27 premium bonds, winnings are regular and you have a chance at a big prize.

"winnings are regular"  Really?  My dad held Premium Bonds from the time they were first issued (1956) until he died aged 95.  Never won a red cent in all that time.   

I've win most months, I am earning the equivalent of 3.96% currently.

Stating the obvious but the more you've got Maggie better your chance of winning.

Quite possibly LB, can't remember how many he held.  Would rather he had just spent the money instead of it just being lumped in to his estate.

 

I've got a few premium bonds from 1956 that have never won but I have won  every month for the last 15 months with the others. 

At the moment, I'm sat with a small heater, wrapped in a fleece, unable to afford to put the gas on. Happy days! Not.

o god I am sorry to hear that Clarion

Douglas @ 19.55 🤣 Is the most sensible answer...lol 🤣.

Telling folks to "spend, spend, spend" is all very well but if you've been a saver all your life it's not easy to adopt a new mindset.

And as you get older your needs & wants are fewer - and you may need to reserve funds for possible future care costs.

Giving cash away to charity/family/friends is an option.

You can get 4% + but they have a habit of moving the goal posts all the time so you'll get it for 6 months then they'll down grade it to 0.01% so you have to keep moving it about. Can't be doing with all that, so I go for PBs, comparable to best savings accounts with an outside chance of a bigger prize.

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But to be expecting a stream of smallish prizes you must be holding the maximum number allowed.

^^^^ with the max I rarely get a month with no prizes - usually get 2 or 3 & most I've had is 9.

I'm getting about 4% return at present but as TTT says a big amount could drop. Roll on Feb 1.

and it's tax free...

Why are dasherman's links still there - I thought commercial links weren't allowed!

Rule 12:  The AnswerBank is a general knowledge exchange and is not to be used to market, sell or promote any product, service, project or organisation.

I have no issue with dasherman's links... he  was just answering the question.

Rule 12 is aimed at spammers.

but a rule is a rule - it doesn't say "spammers"

It would be impossible to answer the question without naming accounts. The rule doesn't mention links either. 

2-tier modding! It's ok to promote some commercial operations by providing links but not others.

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