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Premium Bonds - Has anyone ever won big?
Premium Bonds - Has anyone ever won big?
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Replies: 58
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It's very unlikey. Very safe - backed by the Treasury - and a decent rate of interest (payouts/investments).
You could say the same about other forms of government-backed savings/investments - savings accounts, savings certificates, bonds etc etc |
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I'm no "expert" in this one field but my basic understanding (FPC3 - enough to offer information and advice based on attitude to risk) is that Premium Bonds are paid in for the government to borrow if they so desire... and they do. In return the government pays interest on these loans and, in the case of premium bonds, they are paid in and spread out to achieve the prize money.
The government guarantees these funds so at least the initial investment is secure and the statement is 100% guaranteed, however; with 50bn+ all being withdrawn at the same time then I doubt the government could cope with an immediate one-off payment (the ripple) and I have no doubt the economy would feel this. With all this said it is a very unlikely event and they are still considered one of the safest investments around because they are government backed. |
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You could ask:
What if no one bought the next issue of Gilts? What if millions of customers withdrew their money from Barclays Bank? What if there was a mass sell-off of shares in Tesco? |
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FPC doesnt tell you to advise those 'nick
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You seem knowledgeable about FPC Delta, are you in the industry or linked to it?
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Jack of all Trades, Master of none, Aspro ..
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You must have FPC3 too then
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had 20k for 5 yesrs nothing much so far bout £150 in total
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That seems very low Capt; you should have received circa £800-£1k in that period.
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auto re invest might pull out soon
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Most of you probably know this but one of the Mail's online money sites has a monthly list of where the big prizes went (county, size of bond, size of holding, etc).
http://www.thisismoney.co.uk/money/saving/article-1637084/Premium-Bonds-winning-numbers.html |
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@SlippyBlue -- when you say your mate did £5 million in bad business decisions, was this a business he was already in, so the money just meant the company went bust later than it would have done otherwise, or did he set himself up in a new business he knew nothing about?
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My uncle copped £100,000 on the premium bonds in 1988. He wasn't exactly skint to start with.
The week after my Mrs's cousin won £250,000 on the pools. It was just after we'd got married and my uncle was selling/trading in his old Lada for £1100 against a new car. Then when he won, not wanting complete charity, we offered him £800 for it, which looking back, was a bit generous but all we could manage. He said no! Then phoned back and said, OK then you can have it for £1000. |
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Finally, after all these years, a winner of repute. Considering the hundreds of years between us all and only £1k (before today) known that is some achievement.
I read somewhere that the chance of winning the million is equal to being in the monthly draw since Stonehenge was built, if I read the article correctly. Nevertheless, £100k or even £20k should have grabbed our attention before today, one would think. Good to hear Study, it now answers my question. |
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I've got £75 back out of £2000 over 12 years. Works out as a loss of £780 as £2000 12 years ago is worth £2842 today
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In terms of gambling and ROI criteria I've risked £842 and got £75 in return. Complete and utter mug
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Nice to have £5 million to lose
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Two years on, anyone with any big wins to report?
My biggest prize remains £500 (twice), and currently on an Ed Moses style run of 61 consecutive £25 prizes, which is a bit frustrating when there are all those bigger wins out there. |