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Premium Bonds - National savings


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I wouldn't buy premium bonds at all, they're safe but a very poor investment.

 

The "prize" money is only based on current interest rates. I've had a substantial number of premium bonds for the past five years. The "winnings" have only amounted to 4% of my investment. Now that the interest rates have fallen the prizes have been reduced in-line and you've about ten times more chance of winning the lottery as winning a million on the premium bonds.

 

I am currently selling them off and re-investing my money elsewhere. Make sure your savings are guaranteed though, should the worse happen.

 

In these "uncertain" times it might be wise to invest in gold.

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The amount of prizes has really been reduced recentley - which is annoying. I've never had more than a few £50 prizes - but I live in hope for the million pound one!! It only takes one bond, once to come up for the million. It's worth having some but I don't think that it's the place for all your savings. Apart from anything else - it's not very easily accesable if you do want to get your hands on any of it.

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my uncle invested 30k in premium bonds, he "wins" £50 every couple months and has had a few of the larger prizes.,

 

I also have the full entitlement. I was averaging around 2/3 wins of £50 each month and perhaps a £500 each year. I have not had a sausage for about the last 3 months.

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  • 1 month later...

thanks for your replies tried to find out if iam a winner but on my premium bonds their is 1 number followed by to letters then 6 numbers according to the info given their should be 8 numbers only these premium bonds have been hidden in cupboard for many years so heres hoping.thanks for your help once again . takum. :thumbsup:

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thanks for your replies tried to find out if iam a winner but on my premium bonds their is 1 number followed by two letters then 6 numbers according to the info given their should be 8 numbers only these premium bonds have been hidden in cupboard for many years so heres hoping.thanks for your help once again . takum. :thumbsup:

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