Premium Bonds
18-01-2006, 03:53 PM
#1
PassionFord Post Whore!!
Thread Starter
Premium Bonds
Whats the deal with these the good points and the bad points, i am thinking about depositing some cash for a while,
cheers mike
cheers mike
18-01-2006, 04:00 PM
#5
Too many posts.. I need a life!!
Join Date: Oct 2003
Location: Surrey
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Good points: You can't lose. Can get your money back any time u like.
You could win!! There are 2 x £1 million prizes every month and loadsa smaller prizes.
Bad points: You could just not win anything, and spend 20 years having your money tied up, earning NO interest. And in 20 years time that money will be worth far, far less in real terms.
Not sure it's a good investment. There are far better ways to make your money work for you, and earn a decent return on it. It can be a bit of fun though, 'cos at the end of the day, it could be you!!! And beats paying for lottery tickets, so have a go at it if you got some dosh to play with. I have some premium bonds.
steve
You could win!! There are 2 x £1 million prizes every month and loadsa smaller prizes.
Bad points: You could just not win anything, and spend 20 years having your money tied up, earning NO interest. And in 20 years time that money will be worth far, far less in real terms.
Not sure it's a good investment. There are far better ways to make your money work for you, and earn a decent return on it. It can be a bit of fun though, 'cos at the end of the day, it could be you!!! And beats paying for lottery tickets, so have a go at it if you got some dosh to play with. I have some premium bonds.
steve
18-01-2006, 04:01 PM
#7
At a glance
Two £1 million jackpots every month
We hold a prize draw every month. There are two £1 million jackpots plus over a million other tax-free prizes. The more Bonds you have, the better your chances of winning.
Why choose this product?
If you want an investment which offers the fun and excitement of a chance of a big win.
Who can invest?
Anyone aged 16 or over; can also be bought on behalf of under-16s by parents and grand-parents.
Minimum purchase
£100
Maximum holding
£30,000
Investment term No set term
Prizes As well as the £1 million jackpot you can win anything from £50 to £100,000 for each Bond number you hold.
Tax status
Tax-free
Two £1 million jackpots every month
We hold a prize draw every month. There are two £1 million jackpots plus over a million other tax-free prizes. The more Bonds you have, the better your chances of winning.
Why choose this product?
If you want an investment which offers the fun and excitement of a chance of a big win.
Who can invest?
Anyone aged 16 or over; can also be bought on behalf of under-16s by parents and grand-parents.
Minimum purchase
£100
Maximum holding
£30,000
Investment term No set term
Prizes As well as the £1 million jackpot you can win anything from £50 to £100,000 for each Bond number you hold.
Tax status
Tax-free
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18-01-2006, 04:15 PM
#8
PassionFord Post Troll
Join Date: Jun 2005
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personal opinion.. waste of time.. i had 3k in premium bonds and won about £50 .. think i could do better with a decent savers account 
suffice to say i wont be bothering again
suffice to say i wont be bothering again
18-01-2006, 05:08 PM
#11
Guest
Posts: n/a
think the limits 20 or 30k this being the maximum = more numbers = more chances on the draw 
a dude i know went to china with 10k found the goods he thought would sell bought them silly money filled a container and shipped it back think he raised alot as hes been back since
a dude i know went to china with 10k found the goods he thought would sell bought them silly money filled a container and shipped it back think he raised alot as hes been back since
18-01-2006, 05:45 PM
#12
Part of the Furniture
Join Date: May 2004
Location: Wordsley, West Mids
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I've bought £100 recently, just to say I've got some. I've not used it as a savings account. I just view it like I've just paid £100 for a never ending Lottery ticket.... (there's better odds for the £1m prize than it is for Lotto I think)
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