Monday, December 06, 2010

Premium Bonds

We won £50 on the premium bonds again this month. I am pleased that we have chosen to put our money in there rather than offset against our mortgage. With our mortgage rate being so low, it would not make a significant difference to have a chunk of money offset against it. I am happy at the moment and just hope that the interest rates do not go up any time soon.

2 comments:

jay said...

The received wisdom seems to be that it will definitely go up within 9 to 12 months...
I have been overpaying my mortgage for a while now and have taken 3k off the principal which has had a small impact on the interest, but it is the principal that I need to come down as we have an endowment which will probably not be sufficient...

Rachel said...

I have not heard that about interest rates - scary stuff. Well done on paying off some of your debt.