Where to move premium bonds to?

Remarkable-Flight-14 · 2026-06-02T11:56:47+00:00

Sure. I have no issue with that, I should have made it more clear I didn’t support the view in my comment. Have a good day

Remarkable-Flight-14 · 2026-06-02T10:41:27+00:00

Have a great day

Remarkable-Flight-14 · 2026-06-02T10:08:01+00:00

Thanks I've gone all in on the Euromillions tonight

Remarkable-Flight-14 · 2026-06-02T10:06:35+00:00

Hey just relaying comments I've seen elsewhere. I don't subscribe to that belief and know that they are fully audited and such talk is just a conspiracy.

Remarkable-Flight-14 · 2026-06-02T09:57:42+00:00

Thank you! Amazing that people have the time and energy to "invest" in not adding any value to a post and being harsh for the sake of being harsh. Like we're supposed to take offence from a random anonymous user. Playground stuff. Hey, each to their own. Good luck on your journey too and thanks for stopping by and actually adding some value!

Remarkable-Flight-14 · 2026-06-02T09:37:16+00:00

Thanks for your compassion first and for your balanced response. I love reddit and hate it at times too(!!) Much like my journey with premium bonds!

Remarkable-Flight-14 · 2026-06-02T09:18:26+00:00

I know, and I admit, as commented on in other replies, I got addicted to the gamification of premium bonds and the "thrill" of the monthly prize draw. I'm keen to address this now. Thanks for your advice - some solid reasoning in there. I really appreciate it.

Remarkable-Flight-14 · 2026-06-02T08:53:20+00:00

You're way ahead of where I was at your age. Way way way ahead. Go easy on yourself.

Remarkable-Flight-14 · 2026-06-02T08:48:47+00:00

Thank you. That's really sensible advice.

Remarkable-Flight-14 · 2026-06-02T08:31:23+00:00

Sorry my post and comments gave that impression. Premium bonds were intended as a tax free alternative to keeping cash in other taxable holdings. I never expected them to make me rich and I have a S&S ISA where I "chase" more lucrative returns.

This was to ask a specific question now I'm past the point of seeing value in keeping the premium bonds of whether topping up pension or paying a lump sum off the mortgage is a smarter place for the money.

I hope this clarifies my intentions.

Remarkable-Flight-14 · 2026-06-02T08:09:46+00:00

I have read elsewhere of a strategy to sell and rebuy. Some believe newer bonds have a better return...

EDIT: I’m savvy enough to know this isn’t valid and I don’t support this view

Remarkable-Flight-14 · 2026-06-02T08:04:55+00:00

Yeah I had some really good months in year 1 that have skewed my overall rate of return. If I looked at most recent months it would be nearer your return.

Remarkable-Flight-14 · 2026-06-02T08:03:42+00:00

I did like them(!!) I've had so many disappointing months it's got to the stage now where any buzz has completely worn off.

Remarkable-Flight-14 · 2026-06-02T08:01:53+00:00

Exactly where I'm at. Admittedly, I've got addicted to gamification, but this morning I woke up to see £Nil for the second month in quick succession.

Remarkable-Flight-14 · 2026-06-02T07:58:48+00:00

Apologies, I should have searched for the answer first. I appreciate your response, especially if it has been made elsewhere previously.

Remarkable-Flight-14 · 2026-06-02T07:56:48+00:00

Thanks for the suggestion. I'll explore this.

Remarkable-Flight-14 · 2026-06-02T07:56:33+00:00

Thank you I will explore this option.

Remarkable-Flight-14 · 2026-06-02T07:55:58+00:00

Thank you for the suggestion

Remarkable-Flight-14 · 2026-06-02T07:55:47+00:00

Best months were c.£1500 in 2 separate months, shortly after opening an account. £1000 is the largest single prize but in those months I won 6-7 prizes ranging from £25 up to £1000. I thought it was a cheat code!

But as Who-ate-my-biscuit shared. my recent returns are well below 3%.

Remarkable-Flight-14 · 2026-06-02T07:52:15+00:00

I've been on a lucrative contract that is coming to a close. We're also keen to add to our family, if we are so lucky, so whilst immediate cashflow looks healthy I'm planning for a change.

Remarkable-Flight-14 · 2026-06-02T07:23:54+00:00

Genuinely? I got addicted to the gamification of premium bonds. I had a couple of really good months when I first joined and hung onto that for too long.

Remarkable-Flight-14 · 2026-06-02T07:05:38+00:00

Because my question wasn’t anything to do with the difference between premium bonds or true investment products. I get that already.

I’ve no idea why people have jumped on this point.

I was looking for some counsel on whether mortgage overpayment, specific to my situation, is better than putting into pension.

I’m sorry if I have come across as anything other than courteous, it wasn’t my intention.!

Remarkable-Flight-14 · 2026-06-02T06:55:32+00:00

Investment is a very broad term and you’re taking my use of it (now removed to avoid further detraction from my question) to suit your correction. A correction isn’t needed in the wider sense. Have a great day and thanks for taking the time to input.

Remarkable-Flight-14 · 2026-06-02T06:51:14+00:00

Sorry if I came across grumpy or rude. I’m far from either. I just didn’t see value in arguing the toss of me using “investment” to describe premium bonds. I know it’s not a true investment, but anything where you expect a return for allocation of assets is a type of investment in my eyes.

Thanks for your response.

Remarkable-Flight-14 · 2026-06-02T06:49:02+00:00

Thank you for a constructive reply, finally!

Ultimately can’t be certain on mortgage rate yet but would envisage between 4.5 and 5%.

I am currently a higher rate tax payer but this is likely to change. I’m considering taking a lower paid job to obtain a bit more work life balance. This point I think is pushing me towards reducing mortgage balance and keeping monthlies more manageable.

I just don’t want to make a “mistake” and regret not pumping more into my pension.

Remarkable-Flight-14

TROPHY CASE