Jump to content
Sign in to follow this  
Mr. Martinez

Premium Bonds

Recommended Posts

How do Premium Bonds work?

Instead of paying interest, Premium Bonds are entered into monthly prize draws. We’ll give you a unique Bond number for every £1 you invest. So if you invest £100 you get 100 unique Bond numbers and 100 chances to win every month. As well as the £1 million jackpot, we pay out over a million other prizes from £25 to £100,000 every month.

As a fun yet serious investment, Premium Bonds combine the chance of winning tax-free prizes with 100% security for your money. You won't lose a penny of your capital but remember inflation can reduce the true value of your money over time.

Investment limits

Minimum

The minimum for each investment is £100, or £50 if you invest by standing order. Each investment must be in whole pounds.

Maximum

You can invest a maximum of £30,000.

Anyone have any?

Ever won anything?

I swear I only found out about this like last year, come like some secret middle class people lottery.

Share this post


Link to post
Share on other sites

I swear I only found out about this like last year, come like some secret middle class people lottery.

lol

/

My dad's got the maximum allowed I think, he wins £25 every 3/4 months or so. Bit rubbish really.

Share this post


Link to post
Share on other sites
Guest M12 Part 2

These kind of investments don't do much unless theyre over the long term like 10-15 years and you let compounding take effect. If you want something more short term invest in a fund.

Share this post


Link to post
Share on other sites

I swear I only found out about this like last year, come like some secret middle class people lottery.

lol

/

My dad's got the maximum allowed I think, he wins £25 every 3/4 months or so. Bit rubbish really.

surely he'd get more in just a normal internet savings account?

Share this post


Link to post
Share on other sites

Check Moneysavingmarket or whatever that site's called.

Has a good break down of how much you need to put in to see a return / whether it's worth it

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

Sign in to follow this  

×