ruskino80
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| posted on 31/10/10 at 09:24 AM |
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old premium bonds
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?
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steve m
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| posted on 31/10/10 at 09:30 AM |
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But there is a web site, you can input your no to see if you have won anything
in the past
steve
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JoelP
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| posted on 31/10/10 at 09:31 AM |
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i may be wrong but i think the value stays the same, and you win payouts along the way. Google will tell you though!
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loggyboy
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| posted on 31/10/10 at 09:31 AM |
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Yes they stay the same,.
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geoff shep
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| posted on 31/10/10 at 09:32 AM |
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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.
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ruskino80
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 posted on 31/10/10 at 09:35 AM |
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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?
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ReMan
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| posted on 31/10/10 at 09:43 AM |
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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 
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BenB
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| posted on 31/10/10 at 09:53 AM |
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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%
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richard thomas
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| posted on 31/10/10 at 10:21 AM |
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This thread prompted me to check, won £25 earlier this year 
Have not changed address though....my fault.
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David Jenkins
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| posted on 31/10/10 at 10:25 AM |
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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!
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matt_claydon
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| posted on 31/10/10 at 11:08 AM |
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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.
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theconrodkid
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| posted on 31/10/10 at 11:56 AM |
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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
who cares who wins
pass the pork pies
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stevebubs
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| posted on 31/10/10 at 06:26 PM |
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quote:
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
I very much doubt they get "forgotten"
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