virtuocity
Tour Winner
Given the state of interest rates today, are these worth a punt?
Premium Bonds
- Thread starter virtuocity
- Start date
Doon frae Troon
Ryder Cup Winner
The experts say no but mine have outperformed ISA's for most of the last 15 years.
Set it up so dividends are automatically re-invested.
Always the hope of a big win as well, I got a dividend [not a win IMO] of £1k about 10 years ago.
Set it up so dividends are automatically re-invested.
Always the hope of a big win as well, I got a dividend [not a win IMO] of £1k about 10 years ago.
nope
richart
Major Champion
If you don't have a single win in a year, what will you lose ? About 1% interest in the bank/building society. If you are happy to lose this interest go for it.:thup:
I have some and have had quite a few wins. You seem to do better when you first buy the Premium Bonds. They say this is not the case, but I personally, and a lot of my clients have noticed this.
If interest rates pick up, you may want to reconsider, but you can get your money out within a few days, so no tie in period. You also want to buy at the end of the month. You do not go in the next month draw, but if you buy at the beginning of the month you are out of the draw for nearly two months.
Premium Bonds are also very safe, so you will not lose your capital.
SwingsitlikeHogan
Major Champion
In the 1960s my parents spent what was for them a lot of money - £15 - on premium bonds for myself and my two siblings - when his wage was £10 / week. 40yrs later when my dad died and we had won jiggery-poke - they were still worth £15.
Doon frae Troon
Ryder Cup Winner
Last month I 'won' £50, my wife won £25 and oor wee grandson who has a £50 holding won £25.
virtuocity
Tour Winner
Just bit the bullet. Hopefully get a few wins.
Rooter
Money List Winner
depends on how much you are investing and how long you leave them in for,
you can repeat that story a million times around the country
richart
Major Champion
Bit like the lottery, but you get your initial stake back with PB's.
except its not like the lottery, the odds are even higher against winning the big one with PB's plus the lottery's not been around as long
richart
Major Champion
The concept is similar to the lottery, that you are not guaranteed any return on your investment, and rely on luck to make any money. Big advantage with PB's is you get your money back. You might want to look at the definition of the word lottery.
I get it you don't like PB's though.
no need for a sarcastic dig!The concept is similar to the lottery, that you are not guaranteed any return on your investment, and rely on luck to make any money. Big advantage with PB's is you get your money back. You might want to look at the definition of the word lottery.
I get it you don't like PB's though.
I have many premium bonds and have held them for more years than you've been alive.
you might want to look at the definition of the word manners!
richart
Major Champion
Wow you must be old.
Pot calling matey. At least I don't resort to name calling.
care to expand on this accusation........ya nob
Pin-seeker
Well-known member
I've been think about getting some,still undecided. Quite a bit of info on here
http://www.moneysavingexpert.com/savings/premium-bonds
http://www.moneysavingexpert.com/savings/premium-bonds
SaintHacker
Journeyman Pro
I've had some for a few years, definitely 'up' on where I would be with an ISA or suchlike, but whether that will continue or not who knows? One things for sure, you've got no chance of wining £1m from a bank!
jp5
Q-School Graduate
I've never seen such a heated debate on Premium Bonds 
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SocketRocket
Ryder Cup Winner
I've never seen such a heated debate on Premium Bonds
Yes you have :rant:
I have looked at these often. Never bitten the bullet and thought ISA would be the better option but I'm tempted again
