Experiance in Premium bonds

atush

dunstonh wrote: »

It is an important point. If you dont win anything, your money goes down in value in real terms. You are gambling the interest in the hope of winning a prize.

Exactly. I consider this I (and why we hold so little) to be a little flutter with some money left to us by a parent/grandparent.

It is stake safe gambling, and I would never have more than a few hundred-1K in PBs.

torbrex

I have held a couple of hundred pounds worth for about 30 years and won the grand total of £25 in all that time.

fiesta04

I have held £12,500 for 8/9 years and have been very lucky to win £7725 in this time. I admit I have been lucky, but you have to be in to win anything.

It is up to each person whether they want a guaranteed return on their deposit or luck of the draw.

F4

droopsnoot

My average is 0.9% over the time I've held the bonds. No big prizes, that's all made up of £25 prizes. For now I'll leave it in place as there's a chance (albeit slim) of a big prize.