E.S.Kimo
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Depends how you look at it, £100 on the lottery will give you 100 chances to win big time, and you lose your money. 100 bonds give you the chance to win big time every month, and you still have your money that you can withdraw at any time. The only down side to bonds is that you get no interest.
I have £30,000 worth and win on average, around £100 per month, which is what I would get in interest at 4%, so I am keeping up with inflation and have a chance of winning big time. Go for it!
Edit;
thesluglondon; That's what I call luck, well done ! |
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Raymo
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At the end of the day, premiums bonds are a gamble. You may win 1 million pounds one day, you may also be struck by a meteor (the odds are about the same for both). You have more of a chance of winning £50 now and then. Financial experts will tell you that they are a poor investment and that you should only hold the maximum holding when you have exhausted other avenues to invest your money. However, if like me, you like to have a fairly safe flutter knowing that you can get your stakes back, buy some and good luck! |
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beanco
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very slim - people with money buy £30,000 (max holding per person) but then again, if you look the results up on teletext, you will see that people with a minimum of holdings (£100) have won before - which I think is nice - why should money always go to money. |
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Kim C
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As a good return on your money the answer by all experts is dont bother, but it is my idea of gambling - i.e. my number did or didn't come up this time but my 'bet' gets another chance next month and if I want my money back I can have it. so every month I get a chance to win one of 2 x £1,000,000 - most I have had is £1000 but had it reinvested and that has won £50 a few of times. If you put money on the national lottery etc why not put it on Premium bonds?
AND YES SOMEONE WITH ONLY £10 OF BONDS HAS WON THE MILLION. |
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Kenneth D
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i think there good coz when the money comes in the post when you a bit short u think come on then when u get 2 wins in one mouth then u think there worth it hope that help and be lucky |
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theslugLondon
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yes they are worth it. I bought my daughter £100 pounds worth and they returned over £4,500 in seven years which is good rate of interest. Good luck ! |
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dot&carryone.
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Well, you will have 100 chances of winning a prize each and every month you keep them. |
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little monkey
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the advantages are your money's safe and whatever you win is tax free. It's also more exciting than just earning 5% interest or whatever, and there's always the chance of a big win!
My mum invests in premium bonds rather than putting her money in the bank, and she's actually had quite a few small wins. It's all down to luck though really. |
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PRyder2000
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If you don't need the £100, or whatever it costs to buy them these days, and you can live your life just as well without it, then buy them. It's worth a try, especially if you have more money in a savings account, or other investment that will keep your net worth growing. |
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debs
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i have £1000 and ive only won once got £100 not bad thou a chance you take |
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smelyalata (:
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My mum used to have them.
They're pretty awesome to be honest.
Well worth it.
She won like two hundred pounds in one month.
x |
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Brad
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No, average return on them is around 2.5%
Your money will most likely just sit there earning no interest, depreciating in real terms due to inflation.
I would invest/save elsewhere. |
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andy F7
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yes, they never lose money, you have a better chance of winning if your in it, im sure you know what i mean, best of luck to you. |
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Dad's found yer scoo'er
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Not great. The winners tend to have blocks of a 1000 or more. |
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loafsta
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I'm American and I frankly can't believe this exists! You deposit your money with the government, and instead of paying you interest, they pay you with lottery tickets? Its insane! You should find out what the median rate of return is, that's the only way you'll be able to tell if the average investor actually makes any money off of this. Frankly, I doubt they do. |
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akamuu
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Definately!! In 1987 "Black Monday" was caused because people were heavily invested in low quality bonds. I think now it is even more so, with China virtually owning the U. S.
God Bless You |
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