apples24

iTrader: (1)

oh and how long ya had them? only post as ive just gone and bought five grands worth, naturally not expecting to win thousands, just curious.

Beastie

iTrader: (2)

I bought 20000pounds worth (max allowed) and kept them for 6 months. I won some money every month amounting to 600quid over the six months. Only one month did I not win anything, but the next month I won double.

I hasten to add I had amounted this cash to pay off the mortgage, which I did subsequently, after id had a stab at the bonds as above.(Couldnt do it after Id paid off the mortgage cause I had no money then!!)

My grandmother had premium bonds, I dont know how much, but she regularly won 50quid a month.

Providing you are winning a similar amount to the interest that you would get in a savings account you are not losing out.

Beastie

Tiggs

many of my clients have the full amount and avarge 3,4 %.

at 5k u may as well get a good cash ISA with £3k, £2.9k into a good online saver acc. and £100 of lotery tickets

ADP

my dad has his max limit 20k, I seem to remember him saying his return is on average 10% a year

what would scooby do

as a high rate tax payer I would deffo use bonds over savings cost the savings get taxed

apples24

iTrader: (1)

yea know what ya mean, i am considering withdrawing from my savings and maybe upping the premium bonds to 15k, and then maybe up to the 20k in march or somin, then just start my savings account again and forget bout the bonds just leave them were they are

DRUNKNORGY

I got a £5 bond in 1977 and 12 months later won £500, Not a bad return in those days, Was only 13 at the time so it was a lot of money to me. Don't ask me what its worth in todays money though.

SPEN555

I held a grand's worth for a full year and won jack$hit!

rik1471

Tiggs: I'll give you 5k, you get me all of the above Ta.

Ninnybobs

Me, the wife and kids got 50K in premium bonds.
Had them a year, won £1200.
You have good months and bad months.
Return around 2.4%, but your capital is safe and accessible in eight days.
There is also a chance of a million every month.
Hope this helps

Martin

HAPPY

i must be the only unlucky one here then

i bought 5K last february and the only thing i have had back is the certificate!

i keep thinking of cashing them in but think " maybe next month i will win! "
here's hoping

pete

Mr evolution

I have £1200 quids worth and won about seven hundred pounds in four years including £500 when I was a student and had run out of food money petrol and everything else in the last three years though I've one all of fifty quid.

pslewis

I have had one since 1958 NOTHING!!

One since 1967 NOTHING!!

And quite a few thousand on and off throughout the years - average return at about 2% - still hoping for the BIG one!!

Pete

brickboy

I had 4K worth for a year, won £150 = 3.75% return tax free.

My wife has had 6K worth for just under a year and has won £400 so far = 6.6% return.

I use them because I get occasional bonuses and have to put aside tax money. My wife's self-employed so she sets aside the tax money as premium bonds, and will cash them when it's time to pay.

As a long-term investment, you can argue the toss but IMHO it's a good way of salting cash away for 9 months or so.

There's a good chance of a modest return and a small chance of a very good return. It's also a very nice feeling to have a winners cheque thru the letter box

Tiggs

rik, well spotted

T

TelBoy

apples, just go and buy the bloody things will you????

apples24

iTrader: (1)

i did, i bought 5k's worth yesterday, ill prob top it up to the 20k max soon and leave it for a year.

DavidLewis

Between them, my kids have about £1200 and over 6 years have won £50. Oh well!