Premium Bond Diary - December & Year end update

John Smith · 2004-12-23T12:34:29+00:00

3 x 50 cheques in December - better than nothing, although I am lagging behind what I could have earned in interest according to a recent Times article. At the end of November 2003 I invested my 30,000 savings - mortgage deposit - in Premium Bonds. My aim being to see if I could get a better 'return' from the Bonds than from the interest I was receiving from my building society. Buying the Bonds in November meant that I was eligible for draws from January 1st 2004. So that is 850 for 12 months 'entry' in the Premium Bonds but technically 13 months of the money not gaining interest in a building society interest account. So, November has to be that million pound cheque as it will be a full 12 months since the money was withdrawn from the BS, thereby losing me the interest, and invested in bonds. OK, a cheque for 5K or 10K will do nicely :-) I will now decide what to do over Christmas. My current thinking is to withdraw the money in the first week of January and put the money into a savings account where, at least, the interest is guaranteed. I live in South Wales and it has struck me this year that, as far as I can see, only one person from South Wales has won a 'decent' prize - 5K - compared to a ridiculously high number of people in the South East of England winning such prizes and higher. Yes, admittedly, there are bound to be more bond holders in the South East due to a mixture of population numbers and wealth but I do wonder why places like Wales and the North of England do not feature more. Just an observation. Winnings so far: January 2004 1 x 50 cheque February 2004 1 x 50 cheque March 2004 3 x 50 cheques (150) April 2004 1 x 50 cheque May 2004 - NOTHING, NOT A JOT June 2004 - NOTHING, NOT A JOT July 2004 1 x 50 cheque August 2004 2 x 50 cheques (100) September 2004 3 x 50 cheques (150) October 2004 1 x 50 cheque November 2004 1 x 50 cheque December 2004 3 x 50 cheque (150)

Dec 23, 2004 20 Replies

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Tim 21 years ago

"tim" wrote

The maximum holding in March (2003) was still 20K - but it had increased to

30K by July.

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Premium Bond Diary - December & Year end update

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