Premium Bonds

[Blue and White Tiger]

I've just come into some money and am wondering if anybody has any? Have you won anything? How many do you have?

 

[Deleted User X18H]

Marshyyyyyyyyyyyyyyy!!!

 

[Marshy]

There have been rather a lot of premium bond threads lately !....


My advice is if you can afford them....invest

 

[The Great Cornholio]

My girlfriend swears by them but they recently adjusted the prizes downwards so you get £25 instead of £50 as the lowest prize. At worst you will keep your capital and at best you will win a million. With interest rates as low as they are now you probably aren't taking too much of a risk but your chances of winning are reduced.

 

[Marshy]

Wise Words GC, take the punt i say.

 

[Brian Fantana]

I had mine for about 15 years and never won anything. Sold them recently.

 

[Bobby's Gull]

I've had Premium Bonds for 24 years and I've never won anything! :-(

 

[Marshy]

I had mine for about 15 years and never won anything. Sold them recently.

Sucker

 

[deletebeepbeepbeep]

I sold them when I was first able to do so. Probably a bit foolish on reflection.

 

[Marshy]

I sold them when I was first able to do so. Probably a bit foolish on reflection.

Sucker

 

[Albumen]

Depends on how much you put in.
My mum has 30 grand in there and she gets about 2-5% back every year. And she's always in with a chance of getting the jackpot one day.

 

[MikeySmall]

Ive got a couple of grand in premium bonds and get a couple of £50 quids a year on average. Tax free as well...

 

[Marshy]

Depends on how much you put in.
My mum has 30 grand in there and she gets about 2-5% back every year. And she's always in with a chance of getting the jackpot one day.

I won Big and I only had a few Hundred

 

[Jack Straw]

I used to spend £ 10 a week on the lottery.
Although I got 5 numbers up once, the amount I won didn't cover the ticket money I'd previously spent on lottery tickets.
A while ago, I gave up the lottery, and I now buy £ 100 worth of Premium Bonds every 10 weeks.
I've only won £ 25, but so far I've got £ 2,000 worth of bonds, and the chance to win a million.

 

[Steve Foster]

As an Independent Financial Adviser we were actively recommending them to higher rate tax-payers until a couple of year's ago. Quite attractive to 40% or 50% tax-payers as of course the prizes are tax-free.

However, with the credit crunch and the bank bailouts, government/treasury saving plans have had to be a little less attractive. The prize pool for premium bonds has diminished rapidly & I wouldn't advise most people to consider them now.

There is a useful tool to see if you have average luck what your chances of winning & how much over different periods.

Premium Bonds: Are they worth it?...

For instance if you invest the maximum £30,000 and have average luck, then you could expect to win £400.00 over a year.

Not bad, but you can more than double that with many bank/buiilding society accounts.

And then of course if you have average luck and win £400.00 after inflation is taken into consideration - you have actually lost about £1,000!!!

 

[Munkfish]

If your going to put the money away and forget about it, you might as well stick it in a stocks and shares isa or Unit trust. I made just under 40 percent return on my investments last year just in a UK tracker fund, no intial charges either. Booommm.

Premium bonds seems like a waste of time to me, plus if you don't make a return your intial capital will be worth less due to inflation anyway.

 

[beorhthelm]

no brainer to buy some really, especially if you like to have a flutter. it shouldnt be a main pot of savings because you lose on inflation over time, but each £1 is basically a lottery ticket without paying for it.

 

[Marshy]

Do it and get some, even if its just a way of saving.

 

[phoenix]

My three children all have £200 pounds worth each.They have all won £25 in the last 6 months.

 

[manilaseagull]

I won Big and I only had a few Hundred

How much mate? I have won £2000 in a few years I have £3000 in Bonds