hazel Posted September 11, 2007 Share Posted September 11, 2007 I have invested in Premium Bonds because I like the anticipation of the big win. I win small amounts probably 9 times in the year but not sure whether I'm covering the interest I would get. Large prizes of P Bonds can be checked on line on the first of the mth, smaller prizes after 2 or 3 days. It tells you how many bonds are owned by the winners and often there are wins of holdings of a few pounds. hazel Link to comment Share on other sites More sharing options...
cressida Posted September 11, 2007 Share Posted September 11, 2007 I have the full allowed amount and win every month (my mother left me the money) and am purposely keeping them in hoping to get a good win, usually I win at least £50 a month, but it's tax free, most I won in a month is £800, it's still a buzz though when I win and I check them on the website Link to comment Share on other sites More sharing options...
Code13 Posted September 11, 2007 Share Posted September 11, 2007 I have had 20 premium bonds for over 25 years and have never won a penny. Still, in theory, one of them could come up and win a million at any time. As I have never done the lottery this gives me my occasional "dream" scenario. I believe I heard sometime that there is, on average a 7% return on premium bonds, per year, which is actually quite a high rate. But of course, you could have thousands and never win, or one and win the jackpot. Link to comment Share on other sites More sharing options...
peardrops Posted September 11, 2007 Share Posted September 11, 2007 I have 3 premium bonds bought when I was born in 1970. Never won a thing - I'm holding out for the £1m My mum and dad have the maximum amount - £10,000 I think - and regularly have cheques through the post. Link to comment Share on other sites More sharing options...
Rioja Posted September 11, 2007 Share Posted September 11, 2007 We buy bonds instead of doing the lottery at work. We haven't won anything but at least we'll get it back at the end of the year Link to comment Share on other sites More sharing options...
spicey Posted September 11, 2007 Share Posted September 11, 2007 I have quite a few but have never won anything but my brother (who is generally more lucky than me when it comes to money) has won a few times. My grandma used to have quite a lot (and used to win a lot) but we found out that if she died, the bonds couldn't be transfered to anyone (it had to be done before she died) so she couldn't leave them in her will. She cashed them in because of that. Shes still going strong though! I think they make a good present for younger children if you are worried that the child (or their parent) will spend the money rather than save it. Link to comment Share on other sites More sharing options...
theripsaw Posted September 11, 2007 Share Posted September 11, 2007 I was considering buying some premium bonds but am unsure if they are worth while. Has anyone invested in these and come up better off of am I just better off with a savings account? If you dont win anything then technically you lose money as your 'investment' will be eroded by inflation over time. Link to comment Share on other sites More sharing options...
hazel Posted September 11, 2007 Share Posted September 11, 2007 Don't think the actual bonds can be transfered but the money is returned. Think I remember having to fill in a couple of forms though. hazel Link to comment Share on other sites More sharing options...
Zimily Posted September 11, 2007 Share Posted September 11, 2007 Thanks guys, I think my question in answered. I'll stick with my savings account. I was only looking to put a few hundred in and it doesn't seem worth while for that amount. Link to comment Share on other sites More sharing options...
turtles123 Posted September 11, 2007 Share Posted September 11, 2007 i have had a few thousands in for a while and i have not won a penny but you cant loose on them so guess its worth giving it the chance to earn you more Link to comment Share on other sites More sharing options...
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