Premium Bonds
15 July 2007, 10:38 PM
#2
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24,000 to 1 to win a prize a month.
I win 2 prizes a month mostly - won £600 in April - I'm running at about a 8.5% return.
They are fine if you invest £24,000+ ...... less so with smaller amounts IMO
I win 2 prizes a month mostly - won £600 in April - I'm running at about a 8.5% return.
They are fine if you invest £24,000+ ...... less so with smaller amounts IMO
15 July 2007, 10:42 PM
#3
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i've been putting £100 a month in for the last 2 years, only won 50 notes 
Think im gonna transfer to Nationwide savings @6.5APR
Nationwide Building Society - Savings
Think im gonna transfer to Nationwide savings @6.5APR
Nationwide Building Society - Savings
15 July 2007, 10:49 PM
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I had £10,000 in premium bonds for 2yrs 5mths during that time I won back a total of £350. I ended up cashing in £9,000 of them in May to pay for my new car. £3000 each year in an ISA was giving a better annual return than £10,000 in premium bonds.
16 July 2007, 12:04 AM
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Here I was about to say how crap Premium Bonds are as my £5,000 investment has returned nothing since I bought them in Oct 06......I then did an online check 5 mins prior to posting this and found out I won £100 for July.
I always thought that PB's are a worthwhile investment....now for the £1 million top prize!!
I always thought that PB's are a worthwhile investment....now for the £1 million top prize!!
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16 July 2007, 12:32 AM
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16 July 2007, 02:17 PM
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They have got a place, and you can cash them in at any time and get your money back, but dont pin all your hopes on them making you a millionaire overnight.
I have got £2000 worth by the way, and my son has got a £1000 worth.
16 July 2007, 02:33 PM
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Sorry but that is not true. The only return you can expect is 0% because any more than that is down to pure chance. As previous poster said, treat them as a bit of fun and you cant go wrong. Treat them as a serious investment and you will be disappointed at the returns given.
They have got a place, and you can cash them in at any time and get your money back, but dont pin all your hopes on them making you a millionaire overnight.
I have got £2000 worth by the way, and my son has got a £1000 worth.
They have got a place, and you can cash them in at any time and get your money back, but dont pin all your hopes on them making you a millionaire overnight.
I have got £2000 worth by the way, and my son has got a £1000 worth.
What it is is a completely risk free investment. You absolutely will not lose money.
Like any sort of investement, the return is a direct proportion to the risk.
16 July 2007, 02:43 PM
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Do they inform you if you won? or is it up to you to find out?
I'm guessing if it's the latter they just add the winnings to your bonds?
I'm guessing if it's the latter they just add the winnings to your bonds?
16 July 2007, 02:52 PM
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16 July 2007, 04:56 PM
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Well of course there is a possiblity that over a period of time you will get 0%, but this is somewhat unlikely. You will find in a high percentage of cases there is some return, beit is 3-4-5%.
What it is is a completely risk free investment. You absolutely will not lose money.
Like any sort of investement, the return is a direct proportion to the risk.
What it is is a completely risk free investment. You absolutely will not lose money.
Like any sort of investement, the return is a direct proportion to the risk.
If you invest, and win nothing over the first year, you have lost money, as inflation means that your £100 or whatever you invested in the first place, is no longer worth £100.
16 July 2007, 05:07 PM
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Agree with last sentence, and dont wish to appear ****, but they are not risk free. There is an inflationary risk.
If you invest, and win nothing over the first year, you have lost money, as inflation means that your £100 or whatever you invested in the first place, is no longer worth £100.
If you invest, and win nothing over the first year, you have lost money, as inflation means that your £100 or whatever you invested in the first place, is no longer worth £100.
16 July 2007, 05:33 PM
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If you hold £30k you will prob end up being beaten by a decent savings account - the odds of winning a million are about 400 times worse than via the lotto.......so get a decent savings account and buy a lotto ticket instead.
16 July 2007, 08:42 PM
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Last year I put £3,000 in and had a return of £150, I have topped them up this year with another £20,000, 1st draw pulled a £50, You got to be in it to win it. Do a repost in 12 Months and see if I've still got a grin.
16 July 2007, 08:47 PM
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16 July 2007, 08:55 PM
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16 July 2007, 08:59 PM
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16 July 2007, 09:06 PM
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When the E60 M5 first came out there were people who drove it for a year and then still managed to sell it on for a profit due to such high demand and people not wanting to wait.
Get your name down for a car that will be in limited production but high demand. Make sure you are one of the first persons in the country to have this special car. As soon as you get it put it up for sale. Easy 10-15 grand made there.
16 July 2007, 09:40 PM
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16 July 2007, 10:13 PM
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