Premium bonds?

Question

Hi all, I have quite a few premium bonds - do you think they are worth it? I work out my total winnings every month (based on proper calculations) and it seems to be that if you save the money in a bank account you'd get more in interest - even with a very conservative rate of interest!!! Do you think they are worth it?????? Seem to get very few winnings - or maybe its just me! Thx in advance!

Answer 1

Whatever you try you have to be lucky ,,i had one thousand in it for a year nothing,,now ive invested in bank,and will get interest,,for sure once per year,,,

Answer 2

Listened to the money guru on this exact point and he maintains that if you in vest approx £15,000 into premium bonds or the bank the annual return will be about the same. In the end it is a matter of choice. However it also depends on the rate of tax you pay !

Answer 3

Premium bonds are a better bet than the lottery and you dont loose your stake

Answer 4

it depends on how much premium bonds you have obviously the more the better chance you have of wining ive just recently bought bonds and have already won £50 so i think its worth it i mean how often do you win money from a bank balance

Answer 5

Generally speaking they may pay slightly less than other savings accounts but there is always the chance of a big win.

I keep hoping!