Premium bonds

[flook]

You're basically losing money by having bonds

some people are, some people aren't. For me it has repeatedly beaten a standard savings account year on year, and thats without factoring in the fact winnings are tax free whereas interest in a standard saver wouldn't be

 

[Magicpole]

Does anyone have premium bonds?

I have a bit of cash in a savings account with the bank and getting 0.6% interest.

I would want to be able to take it out at any time that I want and it needs to be risk free - I don't want to end up losing large chunks of it.

Would premium bonds work for me?

Any pros/cons?

I have Five Magic Beans for sale. If you havent lost your shirt since you posted that.

Can you climb?

 

[chris85mcfc]

some people are, some people aren't. For me it has repeatedly beaten a standard savings account year on year, and thats without factoring in the fact winnings are tax free whereas interest in a standard saver wouldn't be

You'll always get one or two people that beat the system, but there's not a prayer that the average person isn't losing money by having bonds.

 

[flook]

You'll always get one or two people that beat the system, but there's not a prayer that the average person isn't losing money by having bonds.

you get 2 people every month who smash the system out of existence :)

I agree it's not for everyone, depends on your financial status, and financial objectives, but I would argue for some people, particularly those who have maxxed out their tax free savings options PB's are a decent shout

 

[feedmpenzaandhewillscore]

£100 for the first time ever, put £500 out of curiosity in June 2024 to see what it was all about. Then saw the odds on what you had to put in to potentially win, off to go crazy and spend it on drugs and hookers. Wish me luck.

 

[PinkFinal]

£100

 

[heslops barnet]

Another month of no returns

 

[blue b4 the moon]

£125

 

[denislawsbackheel]

Nowt

Again

 

[Odd socks]

Mine seemed to go to the bottom of the draw since beginning of the year and went three months without a penny.
Cashed in half of them so changed the car, few jobs needed doing around the house and two small holidays.
Enjoy having them but they will all go if I have something I need or fancy treating myself.
£125 this month from a 25 K holding and £25 last month since I reduced.

 

[flook]

£200 for me, rolling 12 month return now 3.85% which I consider reasonable as its tax free

 

[shemnel]

On about 2.4% for 2025 return, if the current draw's progress continues.

 

[allblackcitizen]

Had a good 4 month run between June-September, and on for a 5% return this year, so quite happy with that tbh

 

[flook]

Baaaaad month, zero for the first time in about 2 years. Rolling annual return drops to 3.55%

 

[heslops barnet]

Fuk all again……might as well cash them all in and get some enjoyment out of my ££££

 

[denislawsbackheel]

£25 me
£50 the Mrs.

Hooray.

 

[Hes the left back remember]

£150 me
£75 wife

 

[ActonBlue]

£250 for me but I'm nearly up to the limit so need to win regular to make it worthwhile.

 

[PinkFinal]

Nowt (£24,000)

 

[roman totale]

Blimey. I’ve got about a hundred quids worth from when I was a kid. I’ve no paperwork and haven’t touched anything to do with them since about 1985. Am I shit out of luck, or does anyone know if there’s a way to reconnect with them? A quick look on the website wasn’t too helpful.