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02 Jul 14
19:46
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Date Joined:
30 Oct 03
Are they a good idea/investment?
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Replies: 11
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They are a bad idea and a terrible investment.
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/ |
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I have £3000 worth had them since 1980 ish and have won only ten times always the minimum amount
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1
Got it from my gran in 1958 for my birthday. It came up in 1966 or 1967, for £25. |
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some people are just born lucky.........
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The million is tempting.
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In July 2004, the winner of the £1 million jackpot had just £17 in Premium Bonds, purchased in 1959, and 8 of the last 12 jackpot winners held less than the £30,000 maximum. The more Bonds held, the better the chances of winning, but this doesn’t mean prizes are won exclusively by higher value holdings.
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From 1 June 2014
You can invest £40,000 in Premium Bonds – up from £30,000 From 1 August 2014 Every month two Premium Bonds holders will win £1 million |
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Odds per £1 unit
26,000 to 1 |
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Odds per £1 unit
26,000 to 1 |
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Odds per £1 unit
26,000 to 1 |
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I didn`t know that Huggy.
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