premium bonds

[mikeysaling]

premiumbonds seem to have suffered from the big R

the last year my 10 grand has not had a single win - gonna cash em in ! anyone else done this - it seems like you always think well maybe next month.

i dont think so

[prospero]

I've got some from the first issue (1956 I think). Never won a penny.

[Jonny2morsos]

The government (NS&I) apply an interest rate of 1.5% to the prize fund.

I think you can do better in a bank/building society except there is always that chance of a big prize which is why so many people hang on to them. Chances of the £1m prize is 40 billion to 1 per £1 unit in bonds

[mikeysaling]

well i deferred the decision until this weekend to see if i came up with anything - big 0 again - so i think its bibi bonds although my other 'investments' only pay small interest 10 grand is a tidy sum to lie idle. Maybe ask for the funds in cash and have some retail theapy!!!

[stcstc]

mikey is 10K not enought to build a workshop in the garden so Mrs Mikey will stop giving you grief for damaging the kintchen table??

[mikeysaling]

no problem there - she has a new kitchen ext - i have the old kitchen as a workshop!! and the door locks from the inside im king o that castle

[prospero]

Mikey. cash'em in and go and buy 10000 lotto tickets.

I dare ya.

[mikeysaling]

thing is - if i win - what do i do with the winnings

[prospero]

thing is - if i win - what do i do with the winnings

Buy some Premium Bonds.

[philipsheldon]

If I did the lottery, I'd put a 5-er on. As I not done this in about.....ooooooooooo, 15 years, how much have I saved ? Like a Lottery win that !!!

[mikeysaling]

indeed - had i had the benefit of your wisdom 15 years ago - i'd be a rich man what with the mega high interest rates in the banks!!

[barefaced framer]

Don't tell me, you haven't claimed last night's big win yet, on the euro millions

P.S. I won with a £1 premium bond my grandma bought in the sixties for me .........£25