Also where Prize Bond winnings are invested in further Prize Bonds.The only seamless transfer they allow that I am aware of is where a bond or cert matures you can reinvest, buying a new product.
Where is this option?Omg! State Savings have just amazed me!!!
In answer to my question above..YES.. you can do a seamless online transfer of funds!!
I have just transferred money out of my prize bonds holdings directly into the 10-Year Solidarity Fund!
All at the click of a few buttons!
Amazing!
Ah - OK - thanks. I was looking in the wrong place so.Below the amount in your prize bonds section there is the option to 'manage/cash in'
Click on this and you will see 'Cash In' and 'Reinvest'
Click on 'Reinvest' and you can then select which state savings product you wish to purchase
I also discovered that this has been an option since 2021!
Based on 12 monthly contributions reinvested for a further 5 years
You only make contributions for 1 year (12 months).So when do contributions made in Year 6 mature?
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