Premium Bonds Article Discussion Area

BBC-Died-in-1980

Well I've had P Bonds for many years, gradual increase in the investment until I now have nearly the current Maximum. Over the years, plenty of £50, then £25 - though with interest rates falling & Less prizes - of course the quantity of wins has dropped. I was lucky enough to win £1000 on them in one prize 2 years ago, just before my 65th birthday in fact, so that was nice.


Bonds are an odd mix of Certainty & uncertainty - the certainty being the basic capital you fall back on will never fall due to stocks, shares & terrorism factors, you are fairly certain provided you have a reasonable quantity of bonds to get about half (Ish) the return you would on a cash ISA, & the other half of the interest, is the long shot uncertainty of winning much bigger prize. Yes, it is pretty long, but with banks - that chance is non-existent.

akf1006

Any idea why the rate is being reduced in June? Interest rates haven't dropped and N&I have upped the amount people can invest to £50k so I would assume more have been bought.

yorkie3

Interesting article here on PBs.

http://www.dailymail.co.uk/money/article-3548690/How-boost-chances-winning-1-million-Use-cunning-Lottery-trick-beat-odds-Premium-Bonds-won-t-lose-penny.html

Tony_manders

Is it better to have one account of £50000 rather than two accounts of £25000 to win a prize

badger09

Tony_manders wrote: »

Is it better to have one account of £50000 rather than two accounts of £25000 to win a prize

No. Makes no difference.

somuchindebt

Hi, do you know what the meaning is of "APS without clearing" in premium bonds as the investment type?
Thank you,

polymaff

akf1006 wrote: »

Any idea why the rate is being reduced in June? Interest rates haven't dropped and N&I have upped the amount people can invest to £50k so I would assume more have been bought.

What planet are you living on?

polymaff

somuchindebt wrote: »

Hi, do you know what the meaning is of "APS without clearing" in premium bonds as the investment type?
Thank you,

Could be Asset Protection Scheme. Where did you read this phrase?

somuchindebt

polymaff, I registered online, I thought I had £200 savings there but there is £600 more and it sows as investment type "APS without clearing".

polymaff

somuchindebt wrote: »

polymaff, I registered online, I thought I had £200 savings there but there is £600 more and it sows as investment type "APS without clearing".

Registered with who? Savings there - who or what is "there"? I'm not a mind-reader

The APS I'm thinking of was set up with respect to RBS. Does whatever you are talking about involve RBS / Natwest?