Premium bonds

£75 for me, rolling 12 month return falls again, 2.35% now
 
My son has £100 in premium bonds for the last 20 years now..
Still has £100 as his balance.
 
£250 for me this month . £350 in total this year . Hopefully i can beat the £1875 i won last year .
 
£125 for me, 12 month rolling return recovers slightly to 2.4%, still shit
 
View attachment 148590
One of this months millionaires has £100 invested !
I've been thinking about this since I saw the high value win. I'm guessing this is a premium bond bought for a new born child, maybe by parents or grandparents. So guessing the child is now maybe 2 years old and a millionaire.

As the bond is under the childs name, what do the parents do? Spend, spend, spend and don't tell the child? Leave the money for child until they're 18?. Even a 3% return would be circa £1.6m when the child is 18.

Grandparents saying it's their £100 invested for the child so they want a share.

I won £100 this month, so I'm not going to have this problem :-)
 

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top