Tangerinenick
Well-known member
Given the rubbish interest rates out there anyone else bought Premium Bonds ?
When you say they are not as good as they were a few years ago it depends which way you look at it they actually scrapped some of the big prize funds (£500,000 and £250,000) but increased the smaller ones like in the £25,000 £10,000 £5,000 brackets so in reality more people are now actually winning but yes smaller prize funds.They are not as good as they were a few years ago. I was told not to bother by someone definitely ITK. That said for safe investments there's little else ATM.
It's all pretty poor ATMWhen you say they are not as good as they were a few years ago it depends which way you look at it they actually scrapped some of the big prize funds (£500,000 and £250,000) but increased the smaller ones like in the £25,000 £10,000 £5,000 brackets so in reality more people are now actually winning but yes smaller prize funds.
I’ve had premium bonds for years and although the most I’ve ever won is only £100 in one month I’ve averaged between £450-£550 per annum which like a poster above says beats any savings account returns hands down.
No , dead easy online takes 2 minutes . Very efficient .Is there any admin fees with buying or selling them?
Ok tyvmNo , dead easy online takes 2 minutes . Very efficient .
Why do you have a better chance of winning if you buy in blocks?Have a few mates who work at NS&I.
They recently moved over to offices in Lytham and those who moved expect to see that workforce shrink even further as ATOS do their worst
The interest rates are shocking, the customer service is non existent & appalling....even the Daily Mail hate them......which is a positive!!!
People need to have the maximum £50k in bonds if they stand a remote chance of winning the odd £25 every month
If you don't have a massive blocks of bonds...... (they are all sequential numbers)......the odd's are miniscule
The clued up owners are cashing their bonds in at the end of each year and then re-buying as a new block to have a better chance.
If you only have a few hundred/thousand bonds, you have better a better chance of winning the euro lottery....on a Sunday
You don't. The odds are the same whichever numbers you have.Why do you have a better chance of winning if you buy in blocks?
Tangerineorange will know that E.R.N.I.E 5 randomly selects numbers from EVERY premium bond ever purchased since 1956You don't. The odds are the same whichever numbers you have.
You'd be better off buying £50 worth of premium bonds rather than betting it on Fleetwood and Hull finishing above Blackpool in league oneGiven the rubbish interest rates out there anyone else bought Premium Bonds ?
I also have £20k in Premium Bonds and had a few wins over the last few years (mainly £25) - not a sniff for 14 months now!Yes wife put 20k in dec and won 50pounds in first eligable draw if she gets that every month that will be 600 in 12 months that will equal 3% that would be a great return compared with banks
It’s down to pure luck, my wife has has had some, admittedly in the £100s of pounds not £1000s, for over 40 years and hasn’t won a penny.When you say they are not as good as they were a few years ago it depends which way you look at it they actually scrapped some of the big prize funds (£500,000 and £250,000) but increased the smaller ones like in the £25,000 £10,000 £5,000 brackets so in reality more people are now actually winning but yes smaller prize funds.
I’ve had premium bonds for years and although the most I’ve ever won is only £100 in one month I’ve averaged between £450-£550 per annum which like a poster above says beats any savings account returns hands down.
I worked Prebonds 1960/1972. It's where I met MrsDP.
We have a few £Thousand and get the occasional prize but happy to leave them there.
They moved to Glasgow many years ago.
Any local footballers of that era would know Pete Wassall, good friend (through football team) of mine.
Pete went to Glasgow when they moved and being the bright guy he was he got promotions and eventually came back home.
Unfortunately Pete died at a relatively early age. I had been in touch with him even when I was down South.
A great guy and friend.
ERNIE actually means Electronic Random Number Indicator Equipment.
ttj, Check your 'inbox'.Seems strange Dave that we both worked at Prebonds in St Annes and then both moved to Customs and both were involved with the football team but I never had the privilege of meeting you as far as I am aware . I played in the Bonds team with Pete and his brother Dave Wassall too.
I purchased £20k a year ago and earned £525 in prizes over the year. They have reduced the total prize fund this year thoughGiven the rubbish interest rates out there anyone else bought Premium Bonds ?
I wouldn’t call it an investment ,just savings account.Good safe TAX FREE investment ie Premium Bonds. We won 0.8% in the last tax year on PB - best rate ona decent Fixed rate cash ISA is 0.6% atm.
So if you want a save tax-free investment, they re not too bad.The website is very quick as well , to invest or withdraw.
UTMP