vwkittie Posted May 9, 2014 Share Posted May 9, 2014 And again, hubby has won the £25 prize, so its obvious our bind numbers keep coming up, but why for the small prizes only!!, not greedy, but £million would be lovely, ha well lol You're lucky to get anything, I was in for years and never saw a penny. At least I could take the money back out again I suppose, unlike playing the lottery Link to comment Share on other sites More sharing options...
I1L2T3 Posted May 9, 2014 Share Posted May 9, 2014 Probably win about 6 or 7 times a year on average, never won more than £50. Link to comment Share on other sites More sharing options...
*Peaches* Posted May 9, 2014 Share Posted May 9, 2014 I've had one since 1984 and never one once Link to comment Share on other sites More sharing options...
iansheff Posted May 9, 2014 Share Posted May 9, 2014 They are putting the limit up to number of bonds you can have to £40,000 in June and then up to £50,000 2015/16 and altering the prizes they going back to 2 x £1m prizes from this August. Link to comment Share on other sites More sharing options...
WallBuilder Posted May 9, 2014 Share Posted May 9, 2014 I've had about five premium bonds for a pound each since I was a very small nipper and so was wondering, if you win but they can't trace you because the address is really out of date, what happens? I may type in my numbers just out of curiosity and will update their records with my current address just in case. Link to comment Share on other sites More sharing options...
speleo1 Posted May 9, 2014 Share Posted May 9, 2014 Wallbuilder if you have not registered for online services or phone services for premium bonds ,you will have to do this now, password and secruity protected now, Link to comment Share on other sites More sharing options...
Blackbeard Posted May 10, 2014 Share Posted May 10, 2014 I've had about five premium bonds for a pound each since I was a very small nipper and so was wondering, if you win but they can't trace you because the address is really out of date, what happens? I may type in my numbers just out of curiosity and will update their records with my current address just in case. While dealing with some of my mothers papers, when she went into a care home, I found a few very old Premium Bonds, did a search on their web site and found that one had won £50 many years ago that had not been claimed. I wrote to National Saving on her behalf and they added these these bonds to her list of other bonds and sent her a cheque for her winnings. Just checked on their web site and found I have won 3 £25 prizes this month, glad this thread came up I will now be waiting for the postman. Link to comment Share on other sites More sharing options...
cuttsie Posted July 2, 2014 Share Posted July 2, 2014 I have just checked the latest winners and non of them purchased their bonds more than 9 years ago . So my 40 year old £50 ones will be cashed in and spent on a night out forthwith. Link to comment Share on other sites More sharing options...
Nagel Posted July 2, 2014 Share Posted July 2, 2014 There's some useful information on premium bonds here: http://www.moneysavingexpert.com/savings/premium-bonds To summarise, the average rate of interest is about 4% - less than most savings accounts. They are tax free, so might be worth investing in if you're a higher rate tax payer and have used up your tax free ISA allocation for the year. Otherwise, better to put your money in a savings account. Wow, you know of a savings account that pays more than 4%, please tell me about it. I realise there are some accounts earning 5%, but the amount you can invest in these is very restricted. In fact the rate of return on Premium Bonds is 1.3%, so if you own enough to smooth out the statistics this is the rate you can earn on your investment. You can only invest £30,000 in Premium Bonds, so you will earn on average £350/year on that, but you always have a chance for a lucky win of more. The problem at the moment is there's nowhere good to keep your savings. If you keep them in a savings account the value will go down with inflation and the stock market is at a high and widely expected to fall sometime soon. Gold has fallen and bonds are rubbish too. Probably the best place to keep your savings at the moment is in peer to peer lending such as Zopa (5% before tax) or Funding Circle (6% before tax). Link to comment Share on other sites More sharing options...
kidneystone Posted July 2, 2014 Share Posted July 2, 2014 There's some useful information on premium bonds here: http://www.moneysavingexpert.com/savings/premium-bonds To summarise, the average rate of interest is about 4% - less than most savings accounts. They are tax free, so might be worth investing in if you're a higher rate tax payer and have used up your tax free ISA allocation for the year. Otherwise, better to put your money in a savings account. Wow, you know of a savings account that pays more than 4%, please tell me about it. I realise there are some accounts earning 5%, but the amount you can invest in these is very restricted. In fact the rate of return on Premium Bonds is 1.3%, so if you own enough to smooth out the statistics this is the rate you can earn on your investment. You can only invest £30,000 in Premium Bonds, so you will earn on average £350/year on that, but you always have a chance for a lucky win of more. The problem at the moment is there's nowhere good to keep your savings. If you keep them in a savings account the value will go down with inflation and the stock market is at a high and widely expected to fall sometime soon. Gold has fallen and bonds are rubbish too. Probably the best place to keep your savings at the moment is in peer to peer lending such as Zopa (5% before tax) or Funding Circle (6% before tax). You do realise that the post you are talking about was posted nearly seven years ago. interest rates have dropped a little since then. Link to comment Share on other sites More sharing options...
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