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Premium Bonds
donut - 16/6/05 at 05:12 PM

Has anyone here got premium bonds and keeps winning? My son won 2x£50 last month and the other son has just won £50! They win at least once every other month and my mother in law seems to win about £200 a month!

Think i'll have to buy some!!


theconrodkid - 16/6/05 at 05:17 PM

ive had £50 worth since i was a kid,once got £50 back,nowt since


Deckman001 - 16/6/05 at 05:19 PM

Similar to Conrod here, I have a couple of them but only won a couple of years agao after a thirty year wait !!

Jason


phelpsa - 16/6/05 at 05:37 PM

Donut if you keep going like that you'll be able to keep your air guitar


Jonr - 16/6/05 at 05:40 PM

Both the kids have some, they win £50 every other month. They have a fair amount though. It's set up so that the winnings automatically buy more bonds. At the moment it works out MUCH better than a bank or building society.


Surrey Dave - 16/6/05 at 05:41 PM

I had two £1 premium bonds bought for me when I was 16, never won a bl**din' thing, and that was several years ago!

[Edited on 16/6/05 by Surrey Dave]


donut - 16/6/05 at 06:25 PM

Was that back in 1956 Dave?


need4speed - 16/6/05 at 06:50 PM

Had some from when i was a kid to, only ever won £25 and never won anything on the lot I've had for about 20years. Could it be worth cashing them in and getting new ones!!!!.

Dave.


DaveFJ - 17/6/05 at 09:48 AM

was bought some at birth - never seen a bloody thing from them ...

and that has been (ahem) a few years.....


David Jenkins - 17/6/05 at 09:50 AM

Well, due to recent public interest in P Bonds, they're soon going to have 2 top prizes per month of £1M each, plus more lower-order prizes.
(spotted in BBC News this morning)

DJ


Jeffers_S13 - 17/6/05 at 11:59 AM

I have some and recieved another £50 cheque yesterday , if only it had another 3 zeros on the end...without saying how many people own its hard to gauge whether people are doing 'well' out of them or not, Im prepared to lose whatever interest I could have gained in a savings account for the chance of one day winning a big prize. I hardly ever buy lottery tickets and have never bought a scratch card, I feel its like a benign way of gambling


David Jenkins - 17/6/05 at 12:09 PM

Just had a look on the Nat Savings website - they reckon that the odds are 24000:1 to win ANY prize.
They don't say what the chances are for winning the jackpot.

David


Jeffers_S13 - 17/6/05 at 12:33 PM

yes but you dont just buy 1 bond you buy in thousands, and its every month and you keep your money, you just potentially lose what interest you would have gained in an account.

http://www.nationalsavings.co.uk/products/pb/index.jsp

[Edited on 17/6/05 by Jeffers_S13]


donut - 17/6/05 at 03:12 PM

My wife is the director of finance at a London council and her pentions bloke recons that providing you have alot of monet to invest £10,000-£20,000 or so then there is no better investment than premium bonds.

Can someone lend me £20,000 pleeeeeeeeeeeeeeze


David Jenkins - 17/6/05 at 03:19 PM

quote:
Originally posted by Jeffers_S13
yes but you dont just buy 1 bond you buy in thousands, and its every month and you keep your money, you just potentially lose what interest you would have gained in an account.



It's still better than the Lotto - at least the odds are better, and you get to keep your stake money!

David