Premium Bond Winner ?

mayb_2

Well done Capstain411 - lucky or what! Whether you put them back in now or save up to buy a larger group of bonds depends on which of the theories you buy in to I suppose. If you sign up to say that you want your winnings to be automatically reinvested at least you wont go out and blow them on something else. I like to save mine until I have a couple of hundred at least to reinvest.

Primrose

I have about around £23K in P Bonds in which I have been investing odd amounts spasmodically since 1960 when you could buy them for £1 each. I have won 47 prizes, always of £50 or £100 and in total have won £2750

mayb_2

That's an average of one a year Primrose. Would you say you felt it was worth it - I suppose if you wanted to put that amount in to a savings account you would get a better return - have you always put the money back in?

Former_MSE_Natasha

Well, only £50 but as I've only had £250 in there for six months, it's not a bad little return

halloweenqueen_2

Well done! Maybe more next month!

Rose_Crow

Nice one Natasha. I have Premium Bonds in my name, only a few quid though. I've had them since I was born. So I have the account and am going to start buying bonds soon, at the moment I'm going to put my savings in my ISA but drip feed the bonds. Thinking of a 80:20 split in favour of the ISA.

beerslurpa

Hi....bought pbs in sep 2005 got 30k.....won so far £2200 1x500 4x100 16x50 put them in my girlfreinds name on the theory im a sinner and wont win a bean....thank goodness 4 good girls!!!!!

Leighthal

Can I buy AND sell PB's in my kids names?I have 3 boys so in theory could my family have a holding of 150k and if I needed to cash any in would I encounter any problems with those in my kids names?

M3_Sussex

Leighthal wrote: »

Can I buy AND sell PB's in my kids names?I have 3 boys so in theory could my family have a holding of 150k and if I needed to cash any in would I encounter any problems with those in my kids names?

This is taken from the NSI website:

Who may buy and hold Bonds

17. Bonds may only be held in the name of one individual person. You may only buy Bonds:
(a) for yourself if you are aged 16 years or over;
(b) for a child under 16 years if you are their parent, grandparent, great grandparent, or guardian; or
(c) on behalf of and in the name of a mentally disordered person if you are his or her receiver.

Leighthal

M3_Sussex wrote: »

This is taken from the NSI website:

Who may buy and hold Bonds

17. Bonds may only be held in the name of one individual person. You may only buy Bonds:
(a) for yourself if you are aged 16 years or over;
(b) for a child under 16 years if you are their parent, grandparent, great grandparent, or guardian; or
(c) on behalf of and in the name of a mentally disordered person if you are his or her receiver.

Thanks for that:T .No mention of redeeming bonds though.Has anybody cashed in bonds that were in the name of their child?