Premium Bonds - Not a bean for months now!!!!

[speedy_thrills]

The Lukas said:

...with current interest rates it's almost pointless having a savings acount of any kind.

Have you thought about holding in a foreign currency? Most banks will do it now pretty cheaply.

[sooperscoop]

gsfrontera said:

I had some premium bonds bought for me at my christening, about 28 years ago! Only 35 quids worth but they were a gift. I have never won a penny. Is this normal? I appreciate I only own a small amount but nearly 30 years with no return is a bad investment right?

Would I be better cashing them in and buying 35 lottery tickets?

If the odds are 1 in 24000, 35 in 28 years gives you a 1 in 2 chance. So, pretty normal. Only another 28 years to wait for that win.

If you'd put it in a bank in 1983, as a normal rate taxpayer it'd be worth around 134 by now.

[anonymous-user]

I'm interested in investing in premium bonds as a fun investment so I looked on the website today. I looked at the Part of the site which shows the high value winners here

http://www.nsandi.com/savings-premium-bonds-high-v...

I see the table shows the prize the investor won and the amount of bonds they hold but what is the column in the table marked 'Bond value'?

I don't understand this part. Can an inverter buy a more valuable bond and then have a greater chance of winning? I was under the impression that you just bought a set amount of one pound bonds.

[stevensdrs]

sebdangerfield said:

I'm interested in investing in premium bonds as a fun investment so I looked on the website today. I looked at the Part of the site which shows the high value winners here

http://www.nsandi.com/savings-premium-bonds-high-v...

I see the table shows the prize the investor won and the amount of bonds they hold but what is the column in the table marked 'Bond value'?

I don't understand this part. Can an inverter buy a more valuable bond and then have a greater chance of winning? I was under the impression that you just bought a set amount of one pound bonds.

It's the value of the block the bond was bought in. eg £5000 means the winning single bond was purchased within a £5k investment

[anonymous-user]

Ah, is obvious now. Thank you.

[zabba]

I put £12k into premium bonds in January, and in the 3 draws so far won £75 in total, think that's the equivalent of 2.5% return in the period tax free. Not that disappointed with it really as it's only a short term investment before the cash goes into a property.

[Steamer]

Well the May draw results are up... call me cynical, but its a sign we are officially back in recession - Bugger all return for me this month

I'm thinking about cashing the lot in and buying a whole new set of bonds (I know that sound stupid) Just to see what happens. I seem to hear lots of people getting bigger returns in the first few draws with new bonds.

[condor]

Nothing for me this month

[Burnham]

Steamer, do it and let us know how you get on...you'll only lose one drawer I guess.

I got another email from them this morning which always makes me jump out of bed and dash to the office in my pants to check (I work from home thankfully). I seem to always expect it to say 'congrats £250k!'...but alas it was only £25.

Still, more luck that I get on the National Lottery/Idiot Tax. I'm signed up to that, so automated, for the Lotto and euromillions, two lines for each draw (so £32 a month)....bugger all...no even £100k

[14-7]

£25 for me this month.

[eliot]

Nothing for me - only had one win on max investment in 5 months. Waste of time. Money was only parked there whilst i waited for house build, will be cashing in before other investments.

[Bitzer]

£25 again this month. Where's all the big money ?

[DSLiverpool]

Sold my father in laws house so three of us now have the max until we invest his money in something long term. I eagerly anticipated this months draw - bring it on

Me - 4 * £25
Mrs - 3 * £25
Fil - 2 * £25

Total for £90k £225 this month

[DSLiverpool]

eliot said:

Nothing for me - only had one win on max investment in 5 months. Waste of time. Money was only parked there whilst i waited for house build, will be cashing in before other investments.

One win = £1m ?

[raptor600]

DSLiverpool said:

Sold my father in laws house so three of us now have the max until we invest his money in something long term. I eagerly anticipated this months draw - bring it on

Me - 4 * £25
Mrs - 3 * £25
Fil - 2 * £25

Total for £90k £225 this month

3% return...it won't last.

[Bitzer]

raptor600 said:

DSLiverpool said:

Sold my father in laws house so three of us now have the max until we invest his money in something long term. I eagerly anticipated this months draw - bring it on

Me - 4 * £25
Mrs - 3 * £25
Fil - 2 * £25

Total for £90k £225 this month

3% return...it won't last.

My Man Maths make it 0.25% return

[raptor600]

Bitzer said:

raptor600 said:

DSLiverpool said:

Sold my father in laws house so three of us now have the max until we invest his money in something long term. I eagerly anticipated this months draw - bring it on

Me - 4 * £25
Mrs - 3 * £25
Fil - 2 * £25

Total for £90k £225 this month

3% return...it won't last.

My Man Maths make it 0.25% return

The return for that month is 0.25% - but for a year that equates to 3% return.

[Bitzer]

Gotcha

[stevensdrs]

Just £25 this month. Poor return on 30k but there is always next month.

[Steamer]

2x £25 this month (with is £50 more than I collected the month before!)

...starting to wonder if that investment wouldnt be better off coming off the mortgage.