Premium Bonds

exel1966

Aegis wrote: »

Actually, the chance of earning £200 or more is 19.7% for £10,000 worth of premium bonds.

Actually, the chance of earning £200 or more is 81.3% based on a couple of years the poster was referring to, which by my maths is greater than 80%
Either way PB's are a small gamble in real terms.

Aegis

exel1966 wrote: »

Actually, the chance of earning £200 or more is 81.3% based on a couple of years the poster was referring to, which by my maths is greater than 80%
Either way PB's are a small gamble in real terms.

Fair enough, I thought we were looking at an annualised return.

leveller2911

Hungerdunger wrote: »

If you'd been prepared to lock that £10k away for a couple of years, you could easily have got 4% gross which would give you a net income of £320. Currently there are several good offers of well over 4% - Nationwide are offering a three year fix at 4.7% - hardly pathetic.

I know, But I'm not prepared to lock it away for 2yrs.

I would also say 14 months ago 1yr fixed rated bond with the Nationwide was paying 6.49% so I say now the rates are Pathetic.:D

welshmoneylover

I have just printed off the forms from NS&I cos I'm going to cash mine in. I haven't won so much lately on a holding of £11k so am going to put some into a lloyds vantage account and earn 4%.


So, get stuffed ERNIE

ses6jwg

I've got £200 in, just for kicks, don't play the lottery.

Daughter also has £150, just for kicks.

Stavros_3

February's large winners now out http://www.nsandi.com/products/pb/winnerlist

steve23144

exel1966 wrote: »

Actually, the chance of earning £200 or more is 81.3% based on a couple of years the poster was referring to, which by my maths is greater than 80%
Either way PB's are a small gamble in real terms.

True, but with £10,000 and a 2.8% plain no notice account, say Halifax Web Saver Extra, a basic rate tax payer would earn £200 in one year (in fact £224), and £450 with compounding after two years. With PBs you'd have only a 6.5% chance of attaining £450 after two years (if my maths is right).

PBs aren't bad, they are a bit of fun, you do have that remote chance of a big win, and you're only gambling the interest (£450 here). However, it does seem that most people will do a lot worse than a savings account, and only a lucky few will do much better.