Premium Bonds

Oneputt
Oneputt Club Member Posts: 9,144 ✭✭✭
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edited February 2017 in General Chat #1

NS&I have announced that from May 2017 some prizes will be reduced further so I think come May I will be finding somewhere else to put my hard earned as it's been a year since I have had a pay outundecided

Comments

  • DavidKlyne
    DavidKlyne Club Member Posts: 13,859 ✭✭✭
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    edited February 2017 #2

    We have disposed of most of our Premium Bonds as there seem no point having the money tied up in them. OK you could get lucky. Some years ago we had a nice tranche of Bonds and we seem to win regular amounts, at least enough to cover the interest we would have got elsewhere. We then decided to double the investment and won absolutely nothing so apart from a few odd ones stuck on the inside of ERNIE!!!

    David

  • Takethedogalong
    Takethedogalong Forum Participant Posts: 17,044 ✭✭✭
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    edited February 2017 #3

    Both us and sister are doing very well, way beyond any bank or ISA payout. Just lucky I guess!smile

  • KjellNN
    KjellNN Club Member Posts: 8,668 ✭✭✭
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    edited February 2017 #4

    Neither of us have ever won anything.

  • Kennine
    Kennine Forum Participant Posts: 3,472
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    edited February 2017 #5

    I like the Premium bonds.  We have small wins every month. Nothing big, just multiples of £25.  -- Much better returns than depositing the money in a bank or building society account. 

    Those  "bankers" have ruined savings accounts with their miserly 0.5% interest. Doesn't even keep pace with inflation.

    Premium bonds for me !!

    Cheers....................K

  • brue
    brue Forum Participant Posts: 21,176 ✭✭✭✭✭
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    edited February 2017 #6

    We've had a good income from p bonds. I gradually bought them over the years. As they are government backed they'd be the last to go in a crisis.

  • KjellNN
    KjellNN Club Member Posts: 8,668 ✭✭✭
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    edited February 2017 #7

    You need to dump savings accounts ans switch to nterest paying current accounts.

    Some pay 3%.

  • DSB
    DSB Club Member Posts: 5,666 ✭✭✭
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    edited February 2017 #8

    I used to have some premium bonds but eventually cashed them in.  Won very little over a very long period of time.

    David 

  • cyberyacht
    cyberyacht Forum Participant Posts: 10,218
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    edited February 2017 #9

    I live in hope of a visit from Agent Million. undecided

  • nelliethehooker
    nelliethehooker Club Member Posts: 13,636 ✭
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    edited February 2017 #10

    I'm the same. Don't have many but have never ever won anything.

  • JillwithaJay
    JillwithaJay Club Member Posts: 2,485 ✭✭
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    edited February 2017 #11

    OH and I have bonds and either one or the other or both of us win most months so, for us, it's reasonable.

     

  • dougscriv
    dougscriv Forum Participant Posts: 14
    edited February 2017 #12

    I have won 15 times in 16 months, wonder if this is a record? I have won over £3,000 in the last 3 years so no grumbles. I wouldn't have got anywhere near that in the bank and it's tax free. Well done Ernie.

  • InaD
    InaD Club Member Posts: 1,701 ✭✭
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    edited February 2017 #13

    We've only ever won the minimum, when it was £50 and now it's £25; never won more than that.  Thinking of putting it into the new Tesco current account which pays 3% on a maximum of £6000 per person.  That would pay a total of £360 per annum, so £30 a month, which is more than we ever win on the bonds.

  • Oneputt
    Oneputt Club Member Posts: 9,144 ✭✭✭
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    edited February 2017 #14

    Strange how stuff is, received the princely sum of £25 today

  • triky auto
    triky auto Forum Participant Posts: 8,690
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    edited February 2017 #15

    surprised Had four this month !! wink.

  • Bakers2
    Bakers2 Forum Participant Posts: 8,192 ✭✭✭
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    edited February 2017 #16

    Delighted to hear that there are winners. 😃 Hubby has never had a sniff in 65 years and I haven't in 15 years. My late aunt and had several little ones and her husband reckons to get one a month. But other than them I've not known winners.

  • The Ovaltineys
    The Ovaltineys Forum Participant Posts: 196
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    edited February 2017 #17

    Had my best ever win 2  months ago  - £100-  but do tend to win £25s every month.

    still hoping for a big one ( win that is!) 

  • Takethedogalong
    Takethedogalong Forum Participant Posts: 17,044 ✭✭✭
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    edited February 2017 #18

    Our largest win was £250, good few years ago though. Very timely, the cheque was on our doormat as we arrived home after a month away! 

  • cyberyacht
    cyberyacht Forum Participant Posts: 10,218
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    edited February 2017 #19

    What with stepson getting five, it's no wonder I don't get a look in.

  • Takethedogalong
    Takethedogalong Forum Participant Posts: 17,044 ✭✭✭
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    edited February 2017 #20

    We have had three per month a few times, two isn't rare either. I love taking them into bank, way better than any interest paying account!laughing

  • triky auto
    triky auto Forum Participant Posts: 8,690
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    edited February 2017 #21

    wink , Spoken like a true 'yorkie'  !! laughing.

  • Justus2
    Justus2 Forum Participant Posts: 897
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    edited February 2017 #22

    I had a few thousand in premium bonds for a good few years and only ever won £25 once in all the time I had them.... I transferred it all into my ISA, even at a lowish interest rate, something is better than virtually nothing which is what I got with the premium bonds...undecided

  • Merve
    Merve Forum Participant Posts: 2,333
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    edited February 2017 #23

    Does anyone ever win the million? We've won £25 amounts - sometimes regularly, sometime we wait for months. Averages out at not a lot!

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