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[Finance] Premium Bonds - prize pool increased again - you ever have any luck?





















elwheelio

Amateur Sleuth
Jan 24, 2006
1,956
Brighton
I was recently given a £5 premium bond bought as a gift by my grandparents when I was born (I'm in my 40s). I went through the hassle of getting it registered online to find that it is now worth.... £5. For the sake of comparison, £5 invested in the FTSE 100 would now be worth £40.60. What might have been..
 








Elbow750

Well-known member
Jun 21, 2020
507
Big fat zero this month (£33k holding). Shame, as I'd had good run recently, so now about par for the year on 'expected' payouts.
 




HAILSHAM SEAGULL

Well-known member
Nov 9, 2009
10,359
£325 between me and Mrs HS this month
 










BrightonCottager

Well-known member
Sep 30, 2013
2,704
Brighton
Apologies for any repeat posting, but I noticed the nominal interest rate is reducing to 4.1% today.
I don't really understand what happens when you reach maximum holding if you've opted to use winnings to buy more PBs. Can anyone explain it in simple terms, please?
Ta.
 


Mikey_JB

New member
Jul 24, 2007
12
Haywards Heath
Apologies for any repeat posting, but I noticed the nominal interest rate is reducing to 4.1% today.
I don't really understand what happens when you reach maximum holding if you've opted to use winnings to buy more PBs. Can anyone explain it in simple terms, please?
Ta.
They'll simply send you winnings instead of adding them to your pot. Direct into your bank account if they have details, otherwise cheque.
 






dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
55,254
Burgess Hill
Would people recommend Premium bonds as a good, safe way to save/invest?
You’ll get polarised views on this because it so much depends on personal circumstances (like a lot of investments). We’ve got about the expected annual return for the last few years on the max holding - as it’s 100% safe and the income is tax-free, it works for us.
 


Clive Walker

Stand Or Fall
Jul 5, 2011
3,577
Brighton
Would people recommend Premium bonds as a good, safe way to save/invest?
Love it and hate it in equal measure. No volatility and you need a bit of luck. But if you’re after nice little monthly wins with no risk and a tiny chance of winning big it’s just the thing.

I have 11k in PB and 20k elsewhere. I don’t know why I’ve not but the 20k in pb too.
 


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