Shelly
Premium Member
Registered: 15th Nov 00
Location: Lancashire Drives: Astra H VXR
User status: Offline
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How do these work peeps?
Got some money coming to me so I was wondering whether to get some.
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SVM 286
Member
Registered: 13th Feb 05
Location: pain
User status: Offline
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They don't work Shell, they just sit there depreciating as inflation increases.
You stand a slim chance of winning something, but you're better off with a National Savings investment account.
Safer bet. At least you get some interest. 
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Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
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You buy £1000 pounds of PB's amd you are assigned a set of numbers, every month there are multiple draw's and if any of the numbers come up match the one's in your 'block' then you win money (it varys how much depending on what draw the money was for).
If you decide to cash in your PB's you get back what you put in, in this example you'd get your £1000 back.
My Grandparents have the maximum amount each and they are forever getting cheques for different amounts of money (that have had one really big win), sometimes getting multiple cheques of £50/£100 etc a month.
If I had a few thousand spare I'd get some as it's pretty much a no lose option, yes you miss out on interest that you would get if the money was put into a savings account but for what (lack of) interest you get these days I'd go with the PB's
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Shelly
Premium Member
Registered: 15th Nov 00
Location: Lancashire Drives: Astra H VXR
User status: Offline
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Ok, thankyou
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Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
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Obviously you don't have to buy just £1000 pounds worth - you can buy more or less, that figure was just an example.
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Shelly
Premium Member
Registered: 15th Nov 00
Location: Lancashire Drives: Astra H VXR
User status: Offline
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i think the minimum is £100
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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£10k gets you more or less equivalent winnings to that which you would get in interest. Less and you might be better with a conventional savings account. The Bonds do have the remote possibility of yeilding a big win though.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Agreed with Ian, a high interest savings account will net you more money. My borhter has won £100 on 5k so far. Imagine the annual interest on 5k.
Of course there is a very slim chance you will win 1m though 
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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my mum has regular wins, nothing big, but generally about 100 a month. but the intrest on the money she has invested would be more than that, definitely.
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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Better than spunking money at the lottery though 
I think im gonna invest tonights winnings on some PB's 
Coincidentaly, two blokes in my office decided to have a 'bet' at christmas......both bought 5k of PB's, and they both claim to have netted over 1k each so far 
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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i suspect an element of embroidery of the truth on their winnings
i'm not convinced about 1k return on 5k in 8 months
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by robmarriott
i suspect an element of embroidery of the truth on their winnings
i'm not convinced about 1k return on 5k in 8 months
In fairness mate....
one is 67 and the other is mid fifties.
Likely its a fluke, but makes you wonder....
Ive just realised that after all the bonus ball/lottery pants rubbish, I drop about £700 a year on the lottery
Time to invest in something 'non loss' methinks
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