my mum has just found some old premium bonds of mine which were gifts to me as a child in the 70,s ,my 8 bonds total a massive £41 are they only worth the same amount today?

But there is a web site, you can input your no to see if you have won anything
in the past

steve

i may be wrong but i think the value stays the same, and you win payouts along the way. Google will tell you though!

Yes they stay the same,.

Still worth the same unfortunately, but they could have won something without you knowing - if you've changed address etc.

Check here: http://www.nsandi.com/products/pb/unclaimedprizes

I have a single bond from 1960, when you could get single bonds, and it's a really fancy piece of paper, not won anything though.

i have done the prize checker {no wins }
there is no account access to see the total/value of bonds held.
so it would seem that a high(ish) value gift in the 70,s is now relativley worthless?

Not had anything for the last few yars, but an ex syndicate of us at work had a number of £50 wins from approx £2000 over about 3 years.
Now disbanded but I have my share still, would have to be very despeart to sell them, just in case

Premium bonds are like an early form of lottery. IE occasional big pay outs buy fundamentally just a way of the govt taking more of your money.

There's a report on one of the financial websites showing the actual gross "interest" if you average out all of the payments is about 1%

This thread prompted me to check, won £25 earlier this year

Have not changed address though....my fault.

With Premium Bonds, your money goes into a pot that earns interest. This interest is then split - part to the government and part as prizes.

It is a form of lottery - but at least you can get your stake back!

The main thing about premium bonds is that the pAyouts are tax free, so if you are a higher rate tax payer the average 'interest rate' is not dissimilar to a good savings account.

i was told by someone that wins quite often on them that you should cash in and re-buy bonds every couple of years as the old ones get forgotten,oh and buy blocks as well

quote:

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Originally posted by theconrodkid
i was told by someone that wins quite often on them that you should cash in and re-buy bonds every couple of years as the old ones get forgotten,oh and buy blocks as well

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