Budget 2014: Premium Bond limit to rise but chances of winning could fall

Former_MSE_Michael
Former MSE Posts: 95 Forumite
"Savers will soon be able to stash away more cash in premium bonds after the Chancellor announced the current limit will rise"
Read the full story:
Budget 2014: Premium Bond limit to rise but chances of winning could fall

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
Budget 2014: Premium Bond limit to rise but chances of winning could fall

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
0
Comments
-
Rather than add a single £1 million prize it would have been wiser to add more small prizes. e.g. 100 prizes of £10,000 or 1000 prizes of £1000– I think Premium Bond investors would find this a more attractive proposition. Most people would like to see some return on their money and smaller prizes will provide more frequent payouts. Adding another £1 million prize just means that everyone will have an even smaller chance of winning any prize.0
-
Old thread now. But does anyone know if the rise to 50k is happening? It was announced in 2014 but the date wasn't confirmed at the time I believe0
-
see your other thread: http://forums.moneysavingexpert.com/showthread.php?t=52097390
This discussion has been closed.
Categories
- All Categories
- 338.7K Banking & Borrowing
- 248.6K Reduce Debt & Boost Income
- 447.5K Spending & Discounts
- 230.6K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 171K Life & Family
- 243.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards