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YRRunner

Original Poster:

1,482 posts

102 months

[news] 
Wednesday 12th May 2010 quote quote all
I have the full £30k's worth in NS&E and haven't seen a cent in 5 months now. Anyone else feeling like their deposit is not working for them?

The Lukas

2,770 posts

80 months

[news] 
Wednesday 12th May 2010 quote quote all
I'm a little surprised at 30k not getting anything, but with current interest rates it's almost pointless having a savings acount of any kind.

bogie

10,193 posts

158 months

[news] 
Wednesday 12th May 2010 quote quote all
no doubt you will get a flurry later on in the year (hopefully) ...it is just luck ....I have nearly the max amount and averaged 3-6 wins a month for 3 months of the year, then nothing since ...

ShadownINja

56,156 posts

168 months

[news] 
Wednesday 12th May 2010 quote quote all
Decided to remove most of mine after I got a similar return. Some say you should keep withdrawing and re-"investing". Sounds stupid but if it's based on a random number algorithm with a seed...

jon-

13,772 posts

102 months

[news] 
Thursday 13th May 2010 quote quote all
YRRunner said:
I have the full £30k's worth in NS&E and haven't seen a cent in 5 months now. Anyone else feeling like their deposit is not working for them?
Same situation.
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Luke.

6,574 posts

136 months

[news] 
Thursday 13th May 2010 quote quote all
Got 10K and won bugger all recently.

fido

10,745 posts

141 months

[news] 
Thursday 13th May 2010 quote quote all
Yep, you sound very unlucky .. worse gap i had was 2 months .. then i got £100.

Lost soul

7,613 posts

68 months

[news] 
Thursday 13th May 2010 quote quote all
My brother has the full whack of PB and gets 50 to 100 back on a regular basis

Bedazzled

7,974 posts

107 months

[news] 
Thursday 13th May 2010 quote quote all
Poor return here recently too, plus they've reduced the standard win down to £25. Funny how it coincides with the recession. There's an old urban myth the government uses big premium bond wins to pay people off, doesn't help the odds wink

Tiggsy

8,200 posts

138 months

[news] 
Thursday 13th May 2010 quote quote all
There is ONLY ONE REASON to hold PB - you like to lend the Government money at sub 1% rates.

It's a noble approach to supporting the economy (it adds £40 billion to the system) but thats about all.....well done for those of you social responsible enough to buy them though (i'm too selfish about lending anyone money on the cheap)

Maxf

7,220 posts

127 months

[news] 
Thursday 13th May 2010 quote quote all
Bedazzled said:
There's an old urban myth the government uses big premium bond wins to pay people off, doesn't help the odds wink
You certainly wouldn't shout about a big win in Ireland in the 70's or 80's.

14-7

5,929 posts

77 months

[news] 
Thursday 13th May 2010 quote quote all
Just got £25 today.

Woohoo. That's a few paid for drink. smile

graemel

5,019 posts

103 months

[news] 
Thursday 13th May 2010 quote quote all
For six months both myself and the missus had the full £30K each in the pot. My business partner had the same and averaged £500 per month. Of course we put them in at the start of the recession and averaged £25 per month. Gary has also withdrawn his lump as well.

Police State

3,392 posts

106 months

[news] 
Thursday 13th May 2010 quote quote all
someone I know seems to get a fairly regular supply of envelopes from NS&I, I drove him home from a 3 week holiday, and when he checked the mail, there was 5 'wins' on the dining room table. On another occasion this year, he won £25k. I guess in some ways he's just a a lucky guy.

bogie

10,193 posts

158 months

[news] 
Thursday 13th May 2010 quote quote all
it is just luck, you are buying chances to win with the interest you would have earnt in a good savings account ...thats all

the people with a few hundred quid in, or a £50 bond from 20 years ago, that dropped £1M or £250K in a month no doubt are not moaning about it LOL wink

like anything, you cant win it, if youre not in it ...with a few hundred grand portfolio, its no harm having the 1st £30K in bonds, "just in case"

...but dont rely on them for your pension smile

Ribol

9,275 posts

144 months

[news] 
Thursday 13th May 2010 quote quote all
The Lukas said:
I'm a little surprised at 30k not getting anything, but with current interest rates it's almost pointless having a savings acount of any kind.
I would rather be getting a little over 3.0% in a savings account than have premium bonds. We had two lots of the max allowance and over two years it averaged out at 1.7% - cashed the lot in.

Yes if you win a big prize it is worth it .................... but I didn't wink

swerni

22,497 posts

96 months

[news] 
Friday 14th May 2010 quote quote all
sold the lot a few months ago and put them in the offset accounts.

I've held bonds for over 10 years but have given up now

Nic jones

5,442 posts

106 months

[news] 
Tuesday 18th May 2010 quote quote all
I've got £50 worth from when I was a nipper that I've not bothered to withdraw.

Had a welcome surprise the other day with a cheque for £25 arriving in the post, first time I've won for about 15 years!

bogie

10,193 posts

158 months

[news] 
Tuesday 18th May 2010 quote quote all
whats the odds of winning the lottery ?

...and thats dead money you cant get back

a fiver a week for 40 years with no wins compared to a fiver a week in a savings account at 2% net (if you are lucky) is about £18K wasted after 40 years for the chance of "winning"

...so I guess we shouldnt bother with the lottery either ....

..thats the problem - people measure and compare premium bonds like "investments"

they are not "investments", they never have been ....you are lending money for chances on a monthly lottery, except you can get the money back so you are essentially gambling that interest you *could* have earnt elsewhere smile

Edited by bogie on Tuesday 18th May 13:42

jagracer

7,574 posts

122 months

[news] 
Tuesday 18th May 2010 quote quote all
What are you whingers like, I've had £11 worth for 40-50 years and never won a penny. frown
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