I'll keep them in premium bonds, I only use them as an emergency fund. I can withdraw them whenever I like, unlike other bonds where you have to hold them
I think you did really well. Ive had bonds for about 10 years now, and never won that much. Although ive won £450 this year, and got £15,000 now. I invest £125 every month and re invest any wins.
For the amount you held you would have been better of using a NS&I GGB which paid 6.2% in 2023 & 5.15% in 2024. If you hold the full amount of £50k then you will get closer to the published interest rate but holding this amount is only worth it if you have exhausted your personal tax allowances. It is one of the ways to deposit an inheritance and then drip it into a S&S ISA or Cash ISA over time.
I think it is very much psychological with Premium Bonds, the buzz of 'winning' , even if it is less than you could earn in interest. I really like them and am totally sucked in by this...
not worth it and we know it, cash isa or stock isa for now if you have 20k spare per year. if you have more money saved then use invest account. simple. great video as always, thx Jubair
It's going well, was thinking of doing an updated video on it. Definitely many things have happened that I've overlooked. It's going better than expected in most ways. But everything comes at a cost.
I think you’d have been better off with that money in a stocks and shares ISA. The S&P 500 has gone up 15% in the last three months. That would have given you £1500 on top of your earlier winnings if you’d taken out the £10000 eligibility in October and invested it… Risk appetite is obviously a factor but Premium Bonds are rarely going to match a sensible low risk investment…
I have double what you have invested. £0 Sep, £0 Oct, £25 Nov, £50 Dec, £25 Jan. I'm seriously thinking of withdrawing everything, its a big con, who are these big winners? I've never met a single one???
Hello your January £50 win didn’t count until the second month after January. You keep getting it wrong again you can’t pay in October and have a eligible in November you know it but you keep on saying it wrong again.
Will you still keep some capital in private bonds after seeing these returns?
I'll keep them in premium bonds, I only use them as an emergency fund. I can withdraw them whenever I like, unlike other bonds where you have to hold them
it is fairly good return.
Thank you, I think so too, all things considered
I had the max £50000 I got 2150 the same as I would get in savings interest.
Not good but not lost either
But the tax benefits of the PBs are great
Are these a good way of getting cash out of the bank?
Not if you want guaranteed returns
I have too much in the bank and need to move some. S and p?
The cash won is tax free irrespective of the amount right?
Yes, tax free!
I think you did really well. Ive had bonds for about 10 years now, and never won that much. Although ive won £450 this year, and got £15,000 now. I invest £125 every month and re invest any wins.
I thought I did well too, but I've also seen some of the wins that other people have got
For the amount you held you would have been better of using a NS&I GGB which paid 6.2% in 2023 & 5.15% in 2024. If you hold the full amount of £50k then you will get closer to the published interest rate but holding this amount is only worth it if you have exhausted your personal tax allowances. It is one of the ways to deposit an inheritance and then drip it into a S&S ISA or Cash ISA over time.
I think it is very much psychological with Premium Bonds, the buzz of 'winning' , even if it is less than you could earn in interest. I really like them and am totally sucked in by this...
I know, it's very powerful, the chance of winning something big or tax free
not worth it and we know it, cash isa or stock isa for now if you have 20k spare per year. if you have more money saved then use invest account. simple. great video as always, thx Jubair
Thanks for watching!
Pretty decent - your win rate puts you a bit above average luck
That's what I thought!
hows being semi retired going?
It's going well, was thinking of doing an updated video on it. Definitely many things have happened that I've overlooked. It's going better than expected in most ways. But everything comes at a cost.
@@Dr.JubairsFinance yeah that would be great to see an updated video on it.
I got £25k in Premium Bond and won my first £25 lol. I will see how it goes for next 3 months.
Happy with it so far?
@@Dr.JubairsFinance Only did like 2 months, won £25 so far 🤣
I think you’d have been better off with that money in a stocks and shares ISA.
The S&P 500 has gone up 15% in the last three months. That would have given you £1500 on top of your earlier winnings if you’d taken out the £10000 eligibility in October and invested it…
Risk appetite is obviously a factor but Premium Bonds are rarely going to match a sensible low risk investment…
I've maxed out my ISA every year since 2021, this is my emergency fund :)
@@Dr.JubairsFinancethat’s more understandable. Have you maxed out your pensions too? That would be the next on my list…
@5teeeeve No, not pensions, but I might get to that from this year, or I'll be paying a lot of taxes
Buying UK Gold legal tender coins, Sovereigns and Britannias would have earned you much more and the profit you make is free of ALL taxes.
I have double what you have invested. £0 Sep, £0 Oct, £25 Nov, £50 Dec, £25 Jan. I'm seriously thinking of withdrawing everything, its a big con, who are these big winners? I've never met a single one???
High value winners are listed online every month, it's not a con, but the chances of winning are absolutely tiny
@Dr.JubairsFinance no names just numbers, whos to say the government own these numbers?
@@Dr.JubairsFinance just numbers on a screen. Who's actually owns those number's, probably the government.
@@SS-go4wi NS&I is the government though, did you think it was something else?
@@Dr.JubairsFinance I totally understand how it works. How many do you know that have won a big amount of cash ?
perhaps brush the hair a little, maybe? invest in a comb 😅 £1 goes a long way!
He brushed it with a balloon by the looks of it
Shame, thats a poor return for two years so many accounts were paying over 4% during this time, you could have doubled your return
I had tens of thousands in those other accounts, I fancied my chances here, and I don't regret any of it, this is all tax free too.
I'm winning £100 a month at the moment
Nice one, how much do you hold?
@ 20k
Hello your January £50 win didn’t count until the second month after January. You keep getting it wrong again you can’t pay in October and have a eligible in November you know it but you keep on saying it wrong again.
Wins get reinvested for the next month's prize draw, it's not the same as a deposit