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

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

Author
Discussion

Mr Whippy

31,096 posts

256 months

Tuesday 2nd March 2021
quotequote all
webstercivet said:
Mr Whippy said:
vixen1700 said:
£50 on £100k.
It's rather depressing and really is a sign of the times of how knackered our economy is.

If you said to someone to take your £100k and do something with it and generate £50 after 1 month, you'd be seriously questioning what potential there is out there in the economy, or how incompetent the person you lent the money to is.

Not a good sign.
To make it a fair comparison with NS&I, the person you're lending to would have to 100% guarantee you'd get every penny back at any time you request it. But yes it's amazing how low interest rates are and for how long things have been this way.
Yes to make it fair.

But I was loosely suggesting I was giving £100k to the government of a large global economy.

If they can only muster £50 a month out of my £100,000 then we're well and truly screwed.

I bet I could go into a large town centre and find £50 in a day just looking for dropped coins.

vixen1700

26,087 posts

285 months

Tuesday 2nd March 2021
quotequote all
Mr Whippy said:
webstercivet said:
Mr Whippy said:
vixen1700 said:
£50 on £100k.
It's rather depressing and really is a sign of the times of how knackered our economy is.

If you said to someone to take your £100k and do something with it and generate £50 after 1 month, you'd be seriously questioning what potential there is out there in the economy, or how incompetent the person you lent the money to is.

Not a good sign.
To make it a fair comparison with NS&I, the person you're lending to would have to 100% guarantee you'd get every penny back at any time you request it. But yes it's amazing how low interest rates are and for how long things have been this way.
Yes to make it fair.

But I was loosely suggesting I was giving £100k to the government of a large global economy.

If they can only muster £50 a month out of my £100,000 then we're well and truly screwed.

I bet I could go into a large town centre and find £50 in a day just looking for dropped coins.
To be fair I don't really see it as an investment, just somewhere to park that particular £100k that usually gives us a bit of 'a lottery checking' fun once a month, with that crazy possibilty that it could win big. Plus it's safe and that sum can be withdrawn any time.

But now you've got me thinking about how low the returns are, I may have to buy some houses up North to rent out. hehe

UmpaLoompa

1,789 posts

176 months

Tuesday 2nd March 2021
quotequote all
Mr Whippy said:
webstercivet said:
Mr Whippy said:
vixen1700 said:
£50 on £100k.
It's rather depressing and really is a sign of the times of how knackered our economy is.

If you said to someone to take your £100k and do something with it and generate £50 after 1 month, you'd be seriously questioning what potential there is out there in the economy, or how incompetent the person you lent the money to is.

Not a good sign.
To make it a fair comparison with NS&I, the person you're lending to would have to 100% guarantee you'd get every penny back at any time you request it. But yes it's amazing how low interest rates are and for how long things have been this way.
Yes to make it fair.

But I was loosely suggesting I was giving £100k to the government of a large global economy.

If they can only muster £50 a month out of my £100,000 then we're well and truly screwed.

I bet I could go into a large town centre and find £50 in a day just looking for dropped coins.
Why should the government pay more if they can still get willing investors at those rates, which are broadly aligned with the wider market?

Milkbuttons

1,364 posts

177 months

Tuesday 2nd March 2021
quotequote all
Second draw for me and first win, Wahoo!

x1 £25 on £20k


stichill99

1,156 posts

196 months

Tuesday 2nd March 2021
quotequote all
£25 on £50k. I could put it into bitcoin or tesla shares but I suspect both will be worth a lot less in1years time than my £50k in PB's. It does show how the saver's have been well and truly screwed over while the borrowers have had an amazing run of low interest rates for 13 years now. Will low interest rates go on for the next 13 years?

Fl3tch

2 posts

159 months

Tuesday 2nd March 2021
quotequote all
Bucking the trend, but a good month for PBs here - £1,025 on £50k.

Have had a win for 11 months out of the last 12 so clearly I have borrowed some luck from you lot...

forest172

731 posts

221 months

Tuesday 2nd March 2021
quotequote all
£25 on the families £112k, hehe what a rubbish month.

dreamcracker

3,297 posts

232 months

Tuesday 2nd March 2021
quotequote all
Like buses here.

Nothing for 2 months, then 3x £25 this month on 50k.

hodjie

39 posts

163 months

Wednesday 3rd March 2021
quotequote all
50k invested , £25 this year mad

Mr Whippy

31,096 posts

256 months

Wednesday 3rd March 2021
quotequote all
UmpaLoompa said:
Mr Whippy said:
webstercivet said:
Mr Whippy said:
vixen1700 said:
£50 on £100k.
It's rather depressing and really is a sign of the times of how knackered our economy is.

If you said to someone to take your £100k and do something with it and generate £50 after 1 month, you'd be seriously questioning what potential there is out there in the economy, or how incompetent the person you lent the money to is.

Not a good sign.
To make it a fair comparison with NS&I, the person you're lending to would have to 100% guarantee you'd get every penny back at any time you request it. But yes it's amazing how low interest rates are and for how long things have been this way.
Yes to make it fair.

But I was loosely suggesting I was giving £100k to the government of a large global economy.

If they can only muster £50 a month out of my £100,000 then we're well and truly screwed.

I bet I could go into a large town centre and find £50 in a day just looking for dropped coins.
Why should the government pay more if they can still get willing investors at those rates, which are broadly aligned with the wider market?
They shouldn’t. It’s not the point. The point is the most capable borrower can make essentially nothing from your money.

That suggests the market is dead.

The only glimmer of hope is the enforced consumption/stimulus of build back better green thingy... but I bet the yields are lower hehe
The reward here is being able to feel smug...

nammynake

2,636 posts

188 months

Wednesday 3rd March 2021
quotequote all
£125 on £100k

daos

39 posts

135 months

Wednesday 3rd March 2021
quotequote all
£25 on £10k, first prize in 3 months

Supernova190188

927 posts

154 months

Wednesday 3rd March 2021
quotequote all
Nothing for the 6th month in a row on £17k

Halmyre

11,927 posts

154 months

Wednesday 3rd March 2021
quotequote all
Halmyre said:
Third month in a row with zilch. frown
I tell a lie, just got the notification this morning, obviously takes time to get round to telling everyone. £25.

Kwackersaki

1,534 posts

243 months

Wednesday 3rd March 2021
quotequote all
1 x £100 on £47K

Thin White Duke

2,394 posts

175 months

Wednesday 3rd March 2021
quotequote all
3 X 25 on maximum holdings.

emicen

8,892 posts

233 months

Wednesday 3rd March 2021
quotequote all
£25 win this month, £50 since I first bought some bonds.

At this period of investment, £42.59 would be on target for 1% return, so overall I’m slightly ahead.

FunkyNige

9,478 posts

290 months

Wednesday 3rd March 2021
quotequote all
FunkyNige said:
Been building it up in my account from June and there was about £11k in there, yesterday was my first prize (£25), I may find somewhere else to put it...
Obviously NS&I read my post as another £25 this month on slightly less.

Chester draws

1,412 posts

125 months

Wednesday 3rd March 2021
quotequote all
In for next month's draw.

End of Feb I put £25k in. According to statistics and probability, I'm likely to "win" nothing in April.

Let's see.

Rob_125

1,723 posts

163 months

Wednesday 3rd March 2021
quotequote all
£50 on my 50k
£75 on 'her' 50k

Not too bad...but not great.