Premium Bonds payout to increase by 50%

Comments

  • freezspirit
    freezspirit Posts: 994 Forumite
    Part of the Furniture Combo Breaker
    Ok just woke up but if this is anything to go by I will be getting double what I normally get £0. I must be the unluckiest person in the past three years not a penny.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    I was thinking of buying some more and this morning, I did.

    I had my first ever win of £25 last month and it's gone to my head! :)
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • Reaper
    Reaper Posts: 7,346 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    It's gone up from an average payout of 1% to 1.5%. Gosh.

    I don't think I'll empty my savings accounts into Premium Bonds just yet.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    It suits me as I don't rely on interest on my (meagre) savings and I quite like the idea that I might win something big. I know it's only a small chance, but it's a chance nevertheless with no risk.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • welshmoneylover
    welshmoneylover Posts: 3,324 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    About time too, perhaps my luck will start to change as well
    Be happy, it's the greatest wealth :)
  • DiggerUK
    DiggerUK Posts: 4,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    We use PB's for emergency funds, and for fun.
    We both have holdings of bonds. Over the last year we are up significantly on the year before that. My holding is well up, and Mrs.D's is well down.

    Which only shows that for some, life isn't fair.
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    PB's have just gone from really awful to bad!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • jimbow25
    jimbow25 Posts: 355 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    edited 16 September 2009 at 1:18PM
    As the number of prizes and the prize fund are both going up by about 50% presumably this means no "big" changes to te prize structure - i.e. still one £1 million prize and still £25 is the smallest prize (I wonder if they will ever change it back to £50? More smaller prizes means more admin but also more customers get that winning feeling).
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Jonbvn wrote: »
    PB's have just gone from really awful to bad!

    With one proviso... except for higher rate taxpayers.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • dougz_2
    dougz_2 Posts: 523 Forumite
    Part of the Furniture Combo Breaker
    Jonbvn wrote: »
    With one proviso... except for higher rate taxpayers.
    Ok, so for them, its gone from bad to poor.
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