Premium bonds - worth it?

[SpeedyPete]

Do any of you hold premium bonds? Anyone actually win anything?

[piehound]

statisticly if you invest 10k you should win a min of ten prizes per draw my mates bro done the maths and is doing it , he has shit loads off wins biggest being 200
he done it as the gain is better than an ivestment in stocks and shares or saving accounts , hes happy

[Duff Man]

I have ~£100 worth, never won a sausage.

My grandad has won quite a few times though, he tends to reinvest any winnings as additional bonds so maybe ernie likes that ;)

[SpeedyPete]

Yeah, my dad has £25k's worth, but hes only won a few... the million pound win is 19billion to one, whereas the national lottery is 12 million to one...

difference is you dont lose your stake

[Wak]

Had mine (admittedly not many) for 33 years and not won a thing :(

Mind you, I am the man who on a night at the races loses on every single race until the last one when I pick a horse but don't bet, and the horse promptly romps it. My mate won £70 on that horse :rolleyes:

[don]

Originally posted by Adam D
I have ~£100 worth, never won a sausage.

Same here :(

[Exactly]

If you have 5K or more hanging around it may be a reasonable investment. As already said above, you never loose your stake, plus it is a good way to stop the tax man from taking any of the returns from you... Safe as houses well sort of...

[Leon]

i've got some since birth
don't think they've won a thing in 21 years.
i've got a better chance of getting a date

[andyf]

Originally posted by SpeedyPete
Do any of you hold premium bonds? Anyone actually win anything?


One of my relations has the maximum number you can get. They generally win about £50 every month. Last year there was a nice cheque for £1000 that came through.


I cashed mine in to pay Norris though.


Temped at the workplace for them. Was amusing to hear the location and number of the million pound winner every month.