Premium Bond Winner ?

0rchidea

We have held the max in bonds for a couple of years now, so between us we have £60k, and today they are being cahed in. In the 2 years of holding we have won the grand total of £1,185, hardly the 3.5% they reckon you will get, plus the chance of a decent enough win. All we have has is the odd £50 with a couple of £100's thrown in.

What a waste, in somewhere like ICICI we would have got around £7,500 if left alone there, so that's where we're going.

notadamsmith_3

That's really tough, Orchidea, and not my experience with PBs at all. Odd how the luck of the draw goes. Hope you win some small ones today.

Natz

My hubby and I have just invested in Premium bonds due to enter the April 08 draw.

Hubby holding: 30K
Me: 29,915K (have some old ones from years back I didn't want to cash in!) I won £50 on these sometime in the 80's as a wee lass!

We are maxed out on isa's and he is a higher rate tax payer, so for us it's a safe short term investment/gamble and a bit of fun.
We plan to leave them in there for 12-18 months.

Will keep you posted how we do.
:j

Jonbvn

Natz wrote: »

We are maxed out on isa's and he is a higher rate tax payer, so for us it's a safe short term investment/gamble and a bit of fun.
We plan to leave them in there for 12-18 months.

Quite a reasonable approach. Have you considered index linked savings certs as well?

Natz

Jonbvn wrote: »

Quite a reasonable approach. Have you considered index linked savings certs as well?

Yes I had a look, but our current plan is to see how the housing market fares in the next 1-2 years and I beleive that index link savings are locked in for 3-5 years? Is that right?
As we need our savings for our deposit, we need fairly flexible access to it.

billyr_3

had £15,000 for 1 year, won £550 first month then £50 each month after, wonder what march brings!

Jonbvn

Natz wrote: »

Yes I had a look, but our current plan is to see how the housing market fares in the next 1-2 years and I beleive that index link savings are locked in for 3-5 years? Is that right?

Hi,

To get the highest return it is best to keep the certs for their full term. However, provided you keep them for a year they are acceptable.

Natz

Jonbvn wrote: »

Hi,

To get the highest return it is best to keep the certs for their full term. However, provided you keep them for a year they are acceptable.

Thanks, we have about 18k left to *put* somewhere so i'll have a read up tomorrow. We will definatly leave the money for a year, it's possible we may leave the money for longer than the 2 years, but we like to be able to get at it if needed!
And anything tax free is always a bonus!

mayb_2

I have everything crossed as I could do with a boost right now and don't want to have to cash them in for a short term cash flow problem - I love my PBs but that is one of the reasons they are there you can always get your money back if you need it.

Dan29

March smaller prizes now up - http://www.nsandi.com/products/pb/haveYouWon.jsp