We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

im cashing in my premium bonds!!! have you??

2»

Comments

  • NAR
    NAR Posts: 4,863 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Get an application form at the Post Office. Minimum purchase is £100.
  • JayZed
    JayZed Posts: 731 Forumite
    I've had my premium bonds since the mid-1970s and have won... absolutely nothing.

    Okay, I only have £5 worth (minimum purchase was a lot less in those days), but still, I live in hope of an unexpected jackpot!
  • KILL_BILL
    KILL_BILL Posts: 2,183 Forumite
    i have £1000.00 in premium bonds and if i put that amount into a high intrest account i would get less than the amounts that i have won for the year in question.

    i would get £50 interest but in general i win £50 maybe 3 or 4 times a year - less this year so far though
  • horseykitty
    horseykitty Posts: 635 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I have had my bonds since I was a baby and the last time I won was nearly 20 years ago. My kids have been bought £1000 each by their grandparents - the older ones haven't won anything for years but the three younger ones win £50 each a couple of times a year.
  • Paparika
    Paparika Posts: 2,476 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    I had one bought for me when i was about one, 39 now not won a penny.. but you never know
    Life is about give and take, if you can't give why should you take?
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    I've had a bond since 1960 (admittedly only £5) and £2000 since 2008 and never won a brass farthing.

    I live in hope though.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • Tea3
    Tea3 Posts: 460 Forumite
    Me and hubby have 30k each (max allowed) and normally win about £1.5-2k per year between us - in todays climate with interest rates so low this is better than we would get in a savings account and is tax-free. I used to have a few hundred in premium bonds myself for a few years and never won anything from them so I do think you really have to have a fair amount invested to stand a chance of winning reguarly, but it only takes one bond invested to win the jackpot so if you can afford it its kinda like buying one lottery ticket you can use over and over again - good luck :)
    Some People Live & Learn, Some People Just Live...
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.