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Premium Bonds

fortyaday
fortyaday Posts: 32 Forumite
in Savings & investments
Do other users and bond holders think it's odd that one never hears of big premium bond winners by name.When you think that lottery winners have their names plastered all over the press but i've never seen a £1000,000 winner by name only by county.This could be the next scandal,that there's no such thing as a winner and the cash is all going into government coffers,or am i just an old cynic.
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Comments

  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    fortyaday wrote: »
    or am i just an old cynic.

    You are.....................................
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    Considering how long its been going for I think it would have been exposed by now if that was the case, NS&i would have to keep many an employee past and present very happy to keep quiet which would be pretty much impossible to do.

    The only scandal people associate with PB's is if they are any good to have - my view is if its part of a diversified portfolio then thats fine (I have PB's, ok the returns are not great but its a safe place to park a few quid with easy access to the money), I would not recommend PB's as a first place to start.
    Never let the perfume of the premium overpower the odour of the risk
  • talexuser
    talexuser Posts: 3,539 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You're right, the government keeps all the money, we never went to the moon, and Elvis lives a quiet life in Hemel Hempstead.
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    talexuser wrote: »
    .. and Elvis lives a quiet life in Hemel Hempstead.

    Is this because he didn't want to go to Chelsea?
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Ifts wrote: »
    Considering how long its been going for I think it would have been exposed by now if that was the case, NS&i would have to keep many an employee past and present very happy to keep quiet which would be pretty much impossible to do.

    Yeah, it's such drivel that it doesn't even rise to the standard of being cynical.
    Free the dunston one next time too.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Quote:
    Originally Posted by fortyaday View Post
    or am i just an old cynic.
    You are.....................................

    Quite.................
  • melbury
    melbury Posts: 13,251 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    fortyaday wrote: »
    Do other users and bond holders think it's odd that one never hears of big premium bond winners by name.When you think that lottery winners have their names plastered all over the press but i've never seen a £1000,000 winner by name only by county.This could be the next scandal,that there's no such thing as a winner and the cash is all going into government coffers,or am i just an old cynic.

    I agree, have been thinking this for years:(
    Stopped smoking 27/12/2007, but could start again at any time :eek:

  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    Well they are certainly using our money for next to nothing if that counts.
    "If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....

    "big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
  • fortyaday
    fortyaday Posts: 32 Forumite
    kidmugsy wrote: »
    Yeah, it's such drivel that it doesn't even rise to the standard of being cynical.
    No need to be rude!!!!
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    So just to fan the flames, is there any real evidence to support the claim that newer premium bond numbers win the bulk of the prizes on offer each month?

    I held the maximum number (£20K at the time) for a few years. I can't remember the exact details but my experience was that I just saw a gradual drying up of regular payouts and ended up being quite disappointed in their performance overall and cashing them in. This was at a time when the minimum payout was £50 and I think (without looking it up) the maximum number held could reasonably expect to win two minimum prizes a month with average luck.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
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