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Premium Bonds Winners?

Jamesgdever · 2019-08-06 14:20:19

I have been looking into getting premium bonds 1) as a way to save and 2) as a way to start making some money (hopefully) from winning. However, Is this one of those schemes were only the rich get richer? Has anyone got any bonds? Ever won? got any pros and cons before I start investing?

Comments

AnotherJoe Posts: 19,622 Forumite

15 August 2019 at 6:21AM

Ken68 wrote: »

Gave up shares a few years ago Chuck when I reached 80, but you are right am losing against inflation , though compared to my present savings rates not too bad. Some of my small fortune is in regular savings 2.5% or 3% and some at 5%. Most is in 5 year fixed rate bonds. Quickish access money is Premium Bonds and Marcus.

Which refers back to the point I made earlier to the OP whether PBs make any sense depends on your overall financial position. You can't look at them in isolation.

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