Premium Bonds

ARTFTE · **Joined:** Thu Jan 12, 2012 12:43 am **Posts:** 265

Premium Bond prize payouts slashed as returns become 'too attractive' amid collapsing savings rates
Ill be cashing mine in then!!

http://www.dailymail.co.uk/news/article-2375235/Premium-Bond-prize-payouts-slashed-returns-attractive-amid-collapsing-savings-rates.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

jim · **Joined:** Wed Jan 11, 2012 6:10 pm **Posts:** 1461

if everybody does that then the Country will be in deep poo,

ARTFTE · **Joined:** Thu Jan 12, 2012 12:43 am **Posts:** 265

Jim haven't you realised this country's been in deep POO for years ,

jim · **Joined:** Wed Jan 11, 2012 6:10 pm **Posts:** 1461

ARTFTE wrote:

Jim haven't you realised this country's been in deep POO for years ,

I have always said, when you are in a hole, stop digging, but alas our admin don't think so.

Sunshine · **Joined:** Wed Jan 11, 2012 10:36 pm **Posts:** 888

I have never, ever bought any premium bonds, I couldn't see the point as nobody I knew seemed to win anything on them.

Jon · **Joined:** Wed Jan 11, 2012 6:05 pm **Posts:** 2807

I think there's a lot more point than buying a lottery ticket. At least you can always have your money back! My dad's got the maximum number you can have and has worked out the the small prizes he's won have beaten keeping the money in a building society.

I've had a £1 bond an aunt bought when I was little, which has never won any thing. I also bought £200 worth about 5 years ago and I've had one win of £25.

Dad's convinced (from experience) that recently-bought bonds stand a better chance of winning and has sometimes sold some back and bought new ones.

Sunshine · **Joined:** Wed Jan 11, 2012 10:36 pm **Posts:** 888

I keep hearing that it's not worth buying them unless you're in the 40% income tax bracket. I am still looking out for somewhere to stash some money where it will get 10% interest (that's how much the tax man thinks you earn on savings)

£25 on £200 isn't bad though

jim · **Joined:** Wed Jan 11, 2012 6:10 pm **Posts:** 1461

Sunshine wrote:

I have never, ever bought any premium bonds, I couldn't see the point as nobody I knew seemed to win anything on them.

I bet you don't know anybody, who knows anybody! who has

Kremmen · **Posted:** Fri Jul 26, 2013 10:43 am

I've got a single bond from 1957 which starts with AZ, one of the originals. never had a bean out of it

Batty bat · **Joined:** Wed Jan 11, 2012 8:24 pm **Posts:** 329

I also have some from the 50's early 60's. I won something small about about 10 years ago. I think it was about £10.

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