THOUSANDS of people could be missing out on Premium Bond prizes worth a combined £8.2million. That's because more than 180,000 Premium Bond prize cheques - known as "warrants" - sent in the post have never been delivered. In the past year alone, 2,431 prizes worth a combined £66,900 went undelivered, according to a Freedom of Information (FOI) request by MoneySavingExpert.com. The consumer group says the issue is that some people have moved home and not updated their address. In other cases, there's a problem with the post itself, which means letters are sent back to NS&I, which administers Premium Bonds. NS&I says if post continues to be returned for a year it will block future cheques from being sent until an updated address is provided. It says claim forms will be sent in the meantime instead. And these figures are only about lost cheques. In total, there are 1,579,333 unclaimed Premium Bond prizes as of March 2019, worth more than £61.3million. Are you a … [Read more...] about 180,000 Premium Bond wins ‘lost in the post’- do you have a secret windfall?
To buy premium bonds
I did it! Married a banker, got rich quick and bought my first house. Just kidding. Hopefully by Valentine’s Day 2020 I’ll have seen some success in my investments, if not my love life. The languages of love and investing are equally difficult to decipher – but at least the latter comes with Investopedia. This website has been a constant friend while I’ve been figuring out how to use the stock market to turn my £10,000 into enough money for a house deposit of around £40,000 within 10 years. My options are to buy shares, funds or bonds; for a rundown of what these are, see last month’s column. I’ve learnt bonds are safe – they guarantee a fixed rate of interest – but boring. Government bonds only... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access … [Read more...] about Millennial investor: how much do I need to save a month to buy a house in 10 years?
The first major change to how Premium Bonds work for years has just come into force. From February 1, 2019, adults over the age of 16 can buy Premium Bonds or a set up a standing order from a minimum of just £25. It's is lowest minimum purchase since 1993, said National Savings and Investment - which runs Premium Bonds. It's also the first time in 63 years the minimum investment in Premium Bonds has been lowered. NS&I chief executive Ian Ackerley said: "I am delighted that people up and down the country can start a savings habit more easily by investing just £25 in Premium Bonds." He added: “Lowering the minimum investment on Premium Bonds is part of how we can support a stronger savings culture across the country and help those who want to be able to save little and often, and for those who want to give the gift of savings to their loved ones.” The maximum amount that you can put in Premium Bonds is unchanged at £50,000. Each pound you put into Premium … [Read more...] about Premium Bonds make major changes to how you can buy them
It's safe to say that 2018 was a slightly brighter year for savers. You might only need to offer 1.5 per cent to top the savings tables, but rates nudged higher thanks largely to enhanced competition and a base rate rise. In our round-up of expert predictions at the beginning of the year, we said there were grounds for optimism – and that has borne fruit. We've seen Marcus launch with a best buy easy-access rate which shook up the market and challengers upping their battle when it comes to fixed-rate accounts. Meanwhile, the Bank of England base rate inched higher to 0.75 per cent after nearly a decade of being 0.5 per cent or lower. Higher rates? Could 2019 see savings rates increase - we reveal all However, consumer prices Index inflation now sits at 2.3 per cent, making it still tricky for savers to obtain a return that surpasses this – although it can be done with fixed-rate accounts. In the Budget, we found out that Isa limits will not rise with inflation … [Read more...] about Will savings rates continue to nudge higher in 2019?
As we all know, when it comes to gifting it’s the thought that counts. That being said, finding the man in your life something he won’t toss aside minutes after opening on Christmas morning can prove tricky, especially when you have a budget of £50. Stumped on what to get? If you’re looking for a little inspiration for your shopping list then you’ll find plenty of ideas in our gift guide below. From skincare to booze, books and cosy cashmere, there’s something for everyone. So, spare yourself the regret of giving something boring like another pair of socks this year, and instead get something from our guide of best gifts for under £50. Orbitkey 2.0 Premium Leather Keyring, £29.70, Farrar & Tanner If you know someone who’s always losing their keys then this premium leather key holder will make the perfect present. Join Indpendent Minds For exclusive articles, events and an … [Read more...] about What to buy him for Christmas that costs less than £50