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02 Jul 14
19:46
Joined:
Date Joined:
30 Oct 03
Are they a good idea/investment?
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They are a bad idea and a terrible investment.
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/
http://www.moneysavingexpert.com/savings/premium-bonds-calculator/
I have £3000 worth had them since 1980 ish and have won only ten times always the minimum amount
1
Got it from my gran in 1958 for my birthday.
It came up in 1966 or 1967, for £25.
Got it from my gran in 1958 for my birthday.
It came up in 1966 or 1967, for £25.
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.
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
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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