Premium Bonds

[Stu]

The way my wife spends money it would be a fair few trees for all the paper.

To be fair, if you were saving say £30k (10% of the average house), you'd probably be keeping it in a savings account.

They usually only want to see a year of your current account.

 

[UKSkydiver]

I'm a bit late to this, but here are the views of a nice fella called James (ignore the click bait-y title, he's actually a very engaging chap)



And another nice chap called Martin:

https://www.moneysavingexpert.com/savings/premium-bonds/

 

[Benfleet Brewery]

As interest rates on savings accounts are coming down now I think it’s worth having a few quids worth of PBs. I have £3k in there and pick up the odd £50 or £100. You never know, you might strike it lucky one day and unlike buying lottery tickets, with PBs if you don’t win anything you get your money back

 

[matt.]

I'm a bit late to this, but here are the views of a nice fella called James (ignore the click bait-y title, he's actually a very engaging chap)



And another nice chap called Martin:

https://www.moneysavingexpert.com/savings/premium-bonds/

Thanks. Martin explains the maths in an easy way for me to understand.

 

[Davegase]

I'm a bit late to this, but here are the views of a nice fella called James (ignore the click bait-y title, he's actually a very engaging chap)



And another nice chap called Martin:

https://www.moneysavingexpert.com/savings/premium-bonds/

That has reinforced my commitment to keeping my maximum allowance of premium bonds.

 

[MashBag]

Someone did suggest that.

Apparently, the original investment in crypto was from an inheritance. With savings, you usually have to prove it - up to 6 years of receipts.

Yup. Solicitors have to satisfy money laundering laws. But it depends how diligent they choose to be.

If you don't need a mortgage, you don't need a solicitor.

 

[Stu]

Yup. Solicitors have to satisfy money laundering laws. But it depends how diligent they choose to be.

If you don't need a mortgage, you don't need a solicitor.

Actually, most do. It's not impossible to buy a house without, but the law now says you need to prove where the money comes from. And it's difficult without a solicitor. Some solicitors won't allow a sale without another one at the other end, because of money-laundering law.