NS & I Premium bonds

I put in £100 a few years ago, but not had anything yet.
My Mother has a little invested and has won a few very small amounts.

In complete contrast though, my Dad has had the full amount for more than thirty years and has never won anything.

So you can kind of see why they say it's not really a worthwhile investment unless you've got some cash to spare.
 
The more bonds you hold the higher the prize bracket I believe.

Have had £1,000 in for just over a year and not had anything, not that I was expecting to. The return (if you occasionally win) is generally very low.

Stick it in an ISA if you plan to save it.
 
I have the full amount for 18 months now, interests rates are so low that iv earned about the interest from the money back as winnings (hardly a lot).

When interest rates climb a bit and I get something competitive I probably will bank them back again (I have an isa filled up too so need to look at other options) as the chances of winning have been pretty poor. You never know though, only have to get lucky once...
 
A guy I know has the limit (£30k I think) and he wins pretty often, the odd £50 cheque every so often is always nice. If you have a lot of money kicking around that you want to keep safe then it's probably worth it.
 
J.B said:
A guy I know has the limit (£30k I think) and he wins pretty often, the odd £50 cheque every so often is always nice. If you have a lot of money kicking around that you want to keep safe then it's probably worth it.
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His 'winnings' are the interest he is being paid on his deposit. If he had this money in a decent savings account he would 'win' every month, and more than £50 too.
 
J.B said:
A guy I know has the limit (£30k I think) and he wins pretty often, the odd £50 cheque every so often is always nice. If you have a lot of money kicking around that you want to keep safe then it's probably worth it.
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It probably isn't
 
My mums quite lucky, you has had the full amount in for a few years and i believe she has won 8k or a number thereabouts
 
[TW]Fox;21425155 said:
His 'winnings' are the interest he is being paid on his deposit. If he had this money in a decent savings account he would 'win' every month, and more than £50 too.
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True, although you wouldn't have the chance to win much more. My brother won a few grand a couple years back and my gf's sister won £6k not long ago.

I have about £3.5k invested and don't see much of a return if I'm honest, but there's always a chance I could win big at some point.
 
J.B said:
A guy I know has the limit (£30k I think) and he wins pretty often, the odd £50 cheque every so often is always nice. If you have a lot of money kicking around that you want to keep safe then it's probably worth it.
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NO NO NO NO NO!

Premium Bonds are a big fat waste of time and should be avoided at all costs.

The chances of 'winning' the top prizes are worse than the Euromillions.

If your mate put that £30k into a savings account at say 3.5% interest, that's £1050 p/a.

Event minus the 20% income tax (unless it's a tax-free savings account) that's £840 'earned' in a year.

So he'd have to 'win' £50 17 times a year to match it, or the minimum 'prize' of £25 34 times; that's 3 'wins' a month which is highly unlikely.

Premium bonds are gash and the more you 'invest' in them the worse it is.

Put your money in a savings account or invest it properly.
 
I have some. Got given them as a Christening present and never won a single prize EVER.

Do yourself a favour and put it in an ISA
 
I have four figures in bonds, and have ~£100 over the past half decade. Probably not worth it w.r.t. inflation. But hey, someone has to win big (:D).
 
I had a wee run from october through to feb totaling £175quid. chucked more in last month but will be withdrawing it all in the middle of the year as a deposit for a house.
 
I actually do have £100 of premium bonds I was bought when I was born.

I have never won anything and it's still worth just £100.
 
Nexus said:
In complete contrast though, my Dad has had the full amount for more than thirty years and has never won anything.e.
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30k for 30 years, 360 draws, 30000 bonds, odds currently 24000-1, odds were better up until a couple of years ago when they changed the rates.
Thats terribly unlucky for your father, he should have averaged around 400 prizes.
You might want to check he has the bonds, and that they know they exist.
Nothing in thirty years is truly awful.
 
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