Jump to content


Premium Bonds.

Recommended Posts

In 1956 when Premium bonds were launched, my dad purchased 1.   AB 036776.

In 64 yrs, never won a prize.. Is that unusual do you think, also how much would that £1 bond be worth now if he had deposited it in a bank ?

Share this post


Link to post
Share on other sites

I once worked with someone who held the (then) maximum number : £30,000, from memory.

It was rare a month went by without him winning some prize.

Share this post


Link to post
Share on other sites
1 minute ago, RiffRaff said:

I once worked with someone who held the (then) maximum number : £30,000, from memory.

It was rare a month went by without him winning some prize.

Mines due a big win then..

Share this post


Link to post
Share on other sites
40 minutes ago, Padders said:

In 1956 when Premium bonds were launched, my dad purchased 1.   AB 036776.

In 64 yrs, never won a prize.. Is that unusual do you think, also how much would that £1 bond be worth now if he had deposited it in a bank ?

Is there a minimum of a £100 stake now?

Share this post


Link to post
Share on other sites
3 minutes ago, El Cid said:

Is there a minimum of a £100 stake now?

Dunno about that Cid.

Share this post


Link to post
Share on other sites

Check they have your up to date details.

 

There are millions of pounds of unclaimed wins.

Share this post


Link to post
Share on other sites
Just now, Litotes said:

Check they have your up to date details.

 

There are millions of pounds of unclaimed wins.

Already done that pal, not won anything.

Share this post


Link to post
Share on other sites

If you had £1 - it is still in the draw - it is just that these days, the minimum is £100.

Share this post


Link to post
Share on other sites
Just now, Litotes said:

If you had £1 - it is still in the draw - it is just that these days, the minimum is £100.

Or £25 per month

Share this post


Link to post
Share on other sites
40 minutes ago, Padders said:

Mines due a big win then..

Good luck Pads

Share this post


Link to post
Share on other sites

You might as well cash them in, less chance of winning & fewer prizes, come this December, (a million less), but it's up to you?  

 

"With the maximum £50,000 bonds you will now expect a £50 or £100 prize very 6 and a bit years, a £500 prize every 33 years and £1000 ever 100 years.

 

http://paullewismoney.blogspot.com/2016/03/not-so-premium-bonds.html?m=1

 

 

Edited by Baron99

Share this post


Link to post
Share on other sites
22 minutes ago, Baron99 said:

You might as well cash them in, less chance of winning & fewer prizes, come this December, (a million less), but it's up to you?  

 

"With the maximum £50,000 bonds you will now expect a £50 or £100 prize very 6 and a bit years, a £500 prize every 33 years and £1000 ever 100 years.

 

http://paullewismoney.blogspot.com/2016/03/not-so-premium-bonds.html?m=1

 

 

That 50k would earn you £5 per year in interest in many deposit accounts. So, the chance of a decent win outweighs the loss of interest in my view.

 

Because of COVID, I’ve just shifted some of my savings from the stock market to Premium Bonds. Mostly for liquidity purposes, but also because they are quite good fun. 
 

It’s not easy to make money from savings anywhere at the moment. At least PB are secure and give you the chance of a big win. 
 

I’ve won £25 per month for the last four months, thanks for asking😀

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.