ditchman Posted November 15, 2021 Report Share Posted November 15, 2021 any one own premium bonds ?............how do you get on with them.......most of my other mates have them...and they generally report they are getting a better return on them than other savings..........(im talking about the ordinary bonds not the green bonds that are locked up for 3 years) ditch Quote Link to comment Share on other sites More sharing options...
Luckyshot Posted November 15, 2021 Report Share Posted November 15, 2021 I've got £7000 invested and so far this year have won £100. Quote Link to comment Share on other sites More sharing options...
oowee Posted November 15, 2021 Report Share Posted November 15, 2021 (edited) Rate of return is 1% but chances are you wont get that. Are you feeling lucky? in bank 0.8% yr 1, 1.5%, yrs 1-2, 1.75% yrs 2-3, 2% 3yrs +. Edited November 15, 2021 by oowee Quote Link to comment Share on other sites More sharing options...
yates Posted November 15, 2021 Report Share Posted November 15, 2021 I’ve £100 for a few years now but I’ve been researching NS&I for the past week. I’m probably going to invest a few thousand pounds as the chances of winning a decent prize is better than the current interest rates Quote Link to comment Share on other sites More sharing options...
mgsontour Posted November 15, 2021 Report Share Posted November 15, 2021 I usually win a £25 prize bi-monthly ( how that works is beyond me ) but have never won anything larger for about 20 years and back then was only £500 but maybe one day! Quote Link to comment Share on other sites More sharing options...
Rim Fire Posted November 15, 2021 Report Share Posted November 15, 2021 Average £25 a month for 40,000 Quote Link to comment Share on other sites More sharing options...
Rookandrabbit Posted November 15, 2021 Report Share Posted November 15, 2021 I also win a few quid a year not more than about £100 but it’s good to have money that is not tied up for years with penalties to withdraw your own money ….. and there is the chance to win a big prize unlike the lottery where your money is gone after one draw. The downside is depreciation of the sum invested and not having the maximum amount of cash to invest. But good luck to everyone! Quote Link to comment Share on other sites More sharing options...
7daysinaweek Posted November 15, 2021 Report Share Posted November 15, 2021 (edited) Mrs 7days has 1.5k invested in premium bonds since she was teenager, she used to get a regular small yearly return. After the 2000's it became every other year for quite a few. Not very often does she now get any return. (maybe she keeps it a secret) That said, over the years she has probably had a few hundred quid from the investment. atb 7diaw P.S. Ditchy I will send you some of my Bitcoin 😁 Edited November 15, 2021 by 7daysinaweek Quote Link to comment Share on other sites More sharing options...
ilovemyheckler Posted November 15, 2021 Report Share Posted November 15, 2021 I have the maximum invested and got £900 last year in total all in small amounts but got something every month. Haven't won a thing for the last 2 months so perhaps a big win is just around the corner! Quote Link to comment Share on other sites More sharing options...
mel b3 Posted November 15, 2021 Report Share Posted November 15, 2021 If your mattress is that stuffed with cash ditchy , just buy another mattress.👍 Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted November 15, 2021 Report Share Posted November 15, 2021 You'd be better off (although a bit riskier) putting the money in a stocks and shares ISA and just sticking it in a fund. Depends if you want to play the risk. With inflation the small returns in the bank are just devaluing your cash. Quote Link to comment Share on other sites More sharing options...
Rim Fire Posted November 15, 2021 Report Share Posted November 15, 2021 I had £62,00 in shares when the crash came in around 2008 lost arround 32k in 6 weeks left it there and i did get it all back after about 10 years thats why i put it in bonds dont lose any and do win small amounts Quote Link to comment Share on other sites More sharing options...
Cranfield Posted November 15, 2021 Report Share Posted November 15, 2021 If you are risk averse and don't want to lose any of your capital, then Premium Bonds (instant access) are a good option. With most instant access savings accounts the interest rate is less that 1%. Even non fixed ISA's are only around 0.67%. Its not really a good time to be a saver. Quote Link to comment Share on other sites More sharing options...
Morrisman Posted November 15, 2021 Report Share Posted November 15, 2021 I've got lots and it pays out most months. I think they're brill. Or is it my luck 'cos I'm the happiest bloke you'll ever meet? Quote Link to comment Share on other sites More sharing options...
McSpredder Posted November 15, 2021 Report Share Posted November 15, 2021 £2 invested in Premium Bonds since they were first issued in 1956, total income nil to date. Could have put the money in my Post Office savings account and got sixpence in the pound at that time. Alternatively, I could have bought 86 Eley "Fourlong" (£2-6s-6d per 100) and had a lot more fun. Quote Link to comment Share on other sites More sharing options...
ditchman Posted November 15, 2021 Author Report Share Posted November 15, 2021 lots of interesting replies.......i am after what i have been thro' am TOTALLY risk adverse....i cant have large ammounts of dosh hangin about so i think i will go down the bond route...... Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted November 15, 2021 Report Share Posted November 15, 2021 James Bond? Quote Link to comment Share on other sites More sharing options...
ditchman Posted November 15, 2021 Author Report Share Posted November 15, 2021 Just now, TIGHTCHOKE said: James Bond? Brooke bond 1 minute ago, TIGHTCHOKE said: James Bond? Quote Link to comment Share on other sites More sharing options...
TIGHTCHOKE Posted November 15, 2021 Report Share Posted November 15, 2021 Investing in PG Tips, people will always drink tea! Quote Link to comment Share on other sites More sharing options...
samboy Posted November 15, 2021 Report Share Posted November 15, 2021 30 minutes ago, McSpredder said: £2 invested in Premium Bonds since they were first issued in 1956, total income nil to date. Could have put the money in my Post Office savings account and got sixpence in the pound at that time. Alternatively, I could have bought 86 Eley "Fourlong" (£2-6s-6d per 100) and had a lot more fun. I've had one since they first came. Must check to see if i've won anything. I'm an old boy now so i'm spending my money as i said in another post. Quote Link to comment Share on other sites More sharing options...
Ricko Posted November 16, 2021 Report Share Posted November 16, 2021 £2 since 1971, checked the numbers a few months ago,.... ....nothing! Quote Link to comment Share on other sites More sharing options...
Mungler Posted November 16, 2021 Report Share Posted November 16, 2021 15 hours ago, Cranfield said: If you are risk averse and don't want to lose any of your capital, then Premium Bonds (instant access) are a good option. With most instant access savings accounts the interest rate is less that 1%. Even non fixed ISA's are only around 0.67%. Its not really a good time to be a saver. This. But, in addition, if you factor in inflation (and I favour working out inflation with your own eyes and not just the rigged RPI basket of goods) then all safe savings schemes are actually costing you money in real terms. Warren Buffet only yesterday said inflation is here, it’s real and it’s not going away. He also has famously said of inflation ‘the arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature. The inflation tax has a fantastic ability to simply consume capital’. In short, if real world inflation is running at 5% (which I believe it is at least right now) and you’re getting at best 2% on your savings, then standing still you’re losing 3% of your savings each year. Glad to cheer everyone up 😆 Quote Link to comment Share on other sites More sharing options...
ditchman Posted November 16, 2021 Author Report Share Posted November 16, 2021 oh dear......will have to buy gold then Quote Link to comment Share on other sites More sharing options...
mgsontour Posted November 16, 2021 Report Share Posted November 16, 2021 3 hours ago, ditchman said: oh dear......will have to buy gold then That special gold they store is Switzerland seems to be worth a few quid an ounce Quote Link to comment Share on other sites More sharing options...
Walker570 Posted November 16, 2021 Report Share Posted November 16, 2021 Premium Bonds are solid investment with very easy access should you need money at the drop of a hat. The best way if possible is to have the maximum amount permissable and that will normally pay out a reasonable return. It is a gamble BUT you do not lose your stake. Obviously the more risks in investment you take the better returns but the word is RISK. 40 odd years ago it became possible to take out private m pension schemes and the Police Federation advised against it and to stick with the standard police pension. Howevr, some officers dropped out of that and went for what appeared lucrative private pensions and subsequently lost their shirts. As said solid safe works out best in the long run even if a few percentage points below what is offered and Premium Bonds are solid and safe. Quote Link to comment Share on other sites More sharing options...
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