Money thoughts …

May. Me £0.
Boss lady £175
No new vinyl for me this month then.
 
Did my remortgage today - so easy with Santander. I did need them to send a valuer round as now below an LTV threshold so slightly better rate but aside all done via the app.

Annoying thing was that rates are coming down, but fixed for 2 years so should be low then when I redo. Spent ages working out the difference between no fee and higher rate, or paying 1k now and having a Lower rate - in real life nothing. Could have done a 1 year fix and probably sign up to a new deal in a year but swings and roundabouts, probably cheaper but may not get the lowest deals, always a gamble!
 
Me £100
Wifey £300

not too bad
 
3 prizes total £225, wife of course has to do better! 4 prizes £325. Ah well, it all lands in one account anyway so doesn’t matter, but she will look smug for another hour or so.
 
This was an interesting thread until it degenerated into a boastathon about how much people have won from premium bond draws.

For those actually interested in whether "Honest Rachel's" bookie bag is the place to go, this page can clarify the odds...


(but keep in mind that the odds are that you'll get back diddly squat)
 
Worth a look -- Nationwide B/S

18 months fixed term at 5%
Max £10K
 
KIPAX said:
if thats payout after 18mths is that 500 or 750 ?
Click to expand...
£750

Edit: depending on your other savings you might pay tax on the interest.
 
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AndrewFlannigan said:
This was an interesting thread until it degenerated into a boastathon about how much people have won from premium bond draws.

For those actually interested in whether "Honest Rachel's" bookie bag is the place to go, this page can clarify the odds...


(but keep in mind that the odds are that you'll get back diddly squat)
Click to expand...
My wife and I are both tax payers so going of this calculator we think we will stick with premium bonds, although how it calculates 'average luck' I don't know. The only good luck we have is that we don't have much bad luck.
 
We look on it as “we might do better” as it stands at the moment, but there is always the chance of a 5 figure win(or more), and any wins are tax free, interest from the banks is attracting the taxman, if you think this is a ‘mine is more than yours’ thread, just avoid it?
 
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mj4456 said:
...if you think this is a ‘mine is more than yours’ thread, just avoid it?
Click to expand...
It was an interesting discussion of retail investment to begin with and I'm sure that it could become that again.

For example, who else regrets the retreat of Peer-to-peer lending, as a method of doing well by doing good?
 
admirable said:
£750

Edit: depending on your other savings you might pay tax on the interest.
Click to expand...


So 10K at the current 4% in an ISA would be £600 ..£150 better off but tied in an extra 6 mths

hmm me and the missus gte one each would be worth moving it about ..thats if its still going in Aug when our ISA mature
 
"Worth a look -- Nationwide B/S

18 months fixed term at 5%
Max £10K"

Nationwide state that 18 months fixed term at 5%
£1k after 18 months = £1,076.25

therefore
£10k after 18 months = £10,762.50
Interest may be subject to tax of course.
 
Cordy said:
therefore
£10k after 18 months = £10,762.50
Interest may be subject to tax of course.
Click to expand...


I have fixed ISA with nationwide that would return me 10.600 for the same 10k and no tax so after tax for the above would only make £10 more than the ISA at 4%
 
If you are a basic rate tax payer you may receive up to £1,000 of interest and not have to pay tax on it.
The higher rate tax allowance is only £500.
 
It's a double blank for me and Mrs :(
 
Boss £150, me £125, lunch out and 3 new(second hand) vinyl albums made a wee dent in it already and the money hasn’t hit my account yet.:rolleyes:
 
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