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Premium Bonds - worth having anymore?

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Old 04 January 2009, 12:58 PM
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SunnySideUp
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Question Premium Bonds - worth having anymore?

Now that the payout % has been slashed, it is difficult to get a return from these - but there is still the chance of a big win ...... the cost of having them is the lost interest.

Has anyone pulled out of them now?
Old 04 January 2009, 01:01 PM
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Chip
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I'm going to keep mine. Interest from banks and building societies is hardly worth worrying about these days. At least with the bonds you have a chance of winning and your money should in theory be perfectly safe.

And Ive won £250 in the last 3 draws

Chip
Old 04 January 2009, 01:07 PM
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apples24
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they have hugely reduced the chances of winning lately though
Old 04 January 2009, 01:13 PM
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Timwinner
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If you have a quantity in a block, for example you buy £5k at once, I think you still have a chance of making a few hundred a year.
I have £15k and I get an average of £50 a month. I could get more in asian markets, pension funds etc but I like having a few bonds.
Safe, easy to get to and the return is a lot better than the daily mail would have you believe.
Old 04 January 2009, 01:27 PM
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SunnySideUp
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Originally Posted by Chip
And Ive won £250 in the last 3 draws

Chip


I haven't won for 3 months

Before that I won regularly, £50 here and there ...... which I was happy with.

Maybe safety is worth the zero return?
Old 04 January 2009, 02:41 PM
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mad555
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I have them aswell never won anything .
Still I reckon well worth having.
Old 04 January 2009, 02:51 PM
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njkmrs
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Just got £50 this month,thats £350 in total since last April .Not bad ,but Im keeping them for the fun of checking for the big one each month ,more than for the interest .
Old 04 January 2009, 03:04 PM
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ChrisB
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MSE has an interesting tool for working out potential returns and how they might compare to a savings account.
Old 04 January 2009, 03:21 PM
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Maxxed_Ross
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I've been with them for about 10 years now and never won anything worth mentioning, so mine will be going soon
Old 04 January 2009, 03:22 PM
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SunnySideUp
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I have had one of mine since 1958 ..... it's won nowt, ever!!
Old 04 January 2009, 03:49 PM
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Lee247
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Someone got one for my Son when he was born. He is 18 now and never won a thing.

Mind you, we moved 12 years ago and never registered the new address. He may have millions hidden
Old 04 January 2009, 03:55 PM
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apples24
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my old man had a few bought for him god knows how long ago same thing lost paperwork ets, this was prob 30 years ago if not more lol
Old 04 January 2009, 04:04 PM
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SunnySideUp
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There are many prizes unclaimed .....
Old 04 January 2009, 04:08 PM
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i can imagine there **** loads, i did try a year or two back to enquire but it was a pain in the **** if remember correctly, not only that the old man is in aus now lol
Old 04 January 2009, 04:23 PM
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PaulC72
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Prizes never go out of date, if you have moved and didn't update you can put the numbers in on the thing on the website and it checks for you

Worth keeping its a bit of fun and I think you probably still have a good chance of winning if you have the max.
Old 04 January 2009, 04:29 PM
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Timwinner
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I have found that unless you buy a lot of them in a big block of sequential numbers you are less likely to win.
for amounts over £15k it would be my experience that it pays better than interest from a savings account.
Old 04 January 2009, 05:38 PM
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Paul3446
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My sister won £100 this month, she has about £5k worth.
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