Premium Bonds Article Discussion Area

innovate

2004nsnazir wrote: »

wil i lose my £100 and can i take my money out whenever??

no and yes

2004nsnazir

when can i take withdraw money then?

DavidLaGuardia

2004nsnazir wrote: »

im 19.just going to open a normal account with nsi.put £100 in and see what happens ifi get any prizes or not.do i have to do anything else.wil i lose my £100 and can i take my money out whenever??

If you win nothing then your £100 will ber depleted by inflation. Money's only value is what you can buy with it! If you think it's still worth losing half your money over 10 years for a punt on a good win, the odds are pretty dull compared to other methods of gambling.

matthew57

roseitrixie wrote: »

I'd like to know if anyone else has had problems cashing in their premium bonds? Twice my form has been 'lost' in the post and I've heard from two different people that the same happened to them.

Not had that problem, but I deposited a winning cheque in a Santander ATM and it was deducted from my account the next day - clearing account adjustment. How can there be a problem with it?:mad:

pandora205

Any experience of cashing in bonds online anyone? I couldn't find anything on the site. I know it used to take up to 8 days for paper withdrawals but it must be faster than that now. It certainly transfers in quickly.

Thanks

ariba10

We. have done it on two occasions and the money was in the bank account within a few days.

MoneySaverLog

DavidLaGuardia wrote: »

If you win nothing then your £100 will ber depleted by inflation. Money's only value is what you can buy with it! If you think it's still worth losing half your money over 10 years for a punt on a good win, the odds are pretty dull compared to other methods of gambling.

Depends on the type of gambling you're talking about. You could lose the lot on roulette if you back Red and Black/Green comes up.

With premium bonds you get your money (stake) back regardless, albeit over time depleted by inflation.

Aegis

MoneySaverLog wrote: »

Depends on the type of gambling you're talking about. You could lose the lot on roulette if you back Red and Black/Green comes up.

With premium bonds you get your money (stake) back regardless, albeit over time depleted by inflation.

Not really, your stake is the interest you would have received in any other account. You don't get that back if you lose.

ColdIron

pandora205 wrote: »

Any experience of cashing in bonds online anyone? I couldn't find anything on the site. I know it used to take up to 8 days for paper withdrawals but it must be faster than that now. It certainly transfers in quickly.

Thanks

I transferred them to my direct saver instantly and to my current account in 2 or 3 days

SleeplessinScandinavia

On a slightly different tack, the website http://www.thisismoney.co.uk/money/saving/article-1637084/Premium-Bonds-winning-numbers.html publishes details of Premium Bond prize winners and where they live.

Does anybody know where do they get this information from? (about the location of the winners) I asked nsandi.com but they played the 'three wise monkeys' trick and said I would need to contact the 'thisismoney' website.

I contacted 'thisismoney' who referred me back to nsandi.com! I live abroad and (if God forbid I ever win a prize!) would rather be listed as 'Overseas' rather than an exact country name.

Just a thought