[Finance] Premium Bonds - prize pool increased again - you ever have any luck?
- Thread starter Mustafa II
- Start date
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Mustafa II
Well-known member
- Thread starter
- #902
The whole point of Premium Bonds is enjoying the prospect of winning big prizes.
Any financial advisor would tell you that, unless you have exhausted all your other tax free alternatives, they are not the best place to put your money. Even then, your money would probably be better invested in other ways.
Premium Bonds, firstly and foremost, are a FUN and EXCITING way to safely secure your money.
I think you've probably misunderstood the whole thing, you miserable git, with your pointless contribution to this thread.
Mr Bridger
Sound of the suburbs
2x £100’s this month, accompanied by a little video of a lady getting rained on.
Results aren’t out until midnight?
I think the geezer was having a pop at The Argus rather than anyone on here
The article is crap anyway, says one of the winners has a holding of 55,000
HHGull
BZ fan club
- Dec 29, 2011
- 784
I have plenty of premium bonds - and enjoy the monthly FUN. I find it most EXCITING.
I was talking about The Argus, not you - you miserable git
HHGull
BZ fan club
- Dec 29, 2011
- 784
You can hold over £50k if you win and reinvest.The article is crap anyway, says one of the winners has a holding of 55,000
If it’s the video I think you mean, it is strangely sexual.
I love seeing it, knowing I have a prize.
A mex eyecan
Well-known member
- Nov 3, 2011
- 4,195
i don’t think you can. My late Dad held 49950 odd, won £100 of which they reinvested the odd to take him to 50k and sent balance via a cheque. Mums kept his bonds in his name which you can do for 12 months after death. Each win come either via a cheque, it could be paid direct to a bank account but she can’t be bothered to set that up.
NS&I website :
Reinvested prizes
You can automatically buy more Premium Bonds with any prizes you win (we call this reinvesting) until you reach the maximum holding limit of £50,000. If you reach the maximum holding limit, we’ll send any further prizes you win to your bank account.
If you happen to withdraw some of your Bonds (meaning your holding falls below £50,000) we’ll automatically start
reinvesting your prizes again.
New Bonds bought by reinvesting are eligible to win prizes from the very next draw.
If we receive an instruction to reinvest close to the end of the month (around the time of the prize draw) we may not be
able to fulfill your request until the following month’s prize draw.
HHGull
BZ fan club
- Dec 29, 2011
- 784
Thanks - I must have mis-read that somewhere. I’m sure I heard about a few people going over £50k and that was how they explained it.
Maybe it’s child accounts linked to the adult?
You can have an account in your child’s name.
So effectively you can have more than £50k in premium bonds.
You manage that account.
Not sure if they legally own that money or the wins.
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Clive Walker
Stand Or Fall
£25 in may with £37k invested
Mr Bridger
Sound of the suburbs
Yes, yes it is. Bit of golden shower about it.
HalfaSeatOn
Well-known member
Good start to the year. £200 with £18k invested.
cloud
Well-known member
£50 this month. Looking at the winners list, someone won £10,000 with just £2 of premium bonds, bought in 1957!
Biscuit Barrel
Well-known member
Nothing again this month with a 14K holding. That is 5 months on the trot that I have drawn a blank.
£100 with max holding. I have my Z3 to tax & MOT today. I have a feeling that it might cost more than £100.