C2RL R
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Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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anyone have any? if so what sort of return have you had over what time scale?
just sold a house and i'm thinking of buying 10k of premium bonds instead of putting it into a high interest account. i heard that the return is normally better than the interest most banks offer.
i'm open to suggestions about where else i could invest some cash also if you have any ideas?
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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I only had a couple of hundred but in 25 years never got anything so sold them last year
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C2RL R
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Registered: 28th Mar 02
Location: Redcliffe, QLD
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is it an easy process to sell them Joe?
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
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Depends on your luck. Parents have had loads of £25 and the odd £1k cheque. They've got £60k in there tho.
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ste_p23
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Registered: 29th Dec 08
Location: Hindley,Wigan
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To be fair the return can be very low on these for the timescale you have them sat there. I would wait a few months as intrest rates are set to rise in the new year and should offer you arround 3% net return after tax etc etc
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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quote:
Originally posted by C2RL R
is it an easy process to sell them Joe?
Yeah just filled in a form, posted it off and they paid the money into my bank
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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I had 2k in them for a year - won nothing.
Had £50 in them prior to that for the last 25 years and I've won about £50 twice I think in all that time!
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C2RL R
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Registered: 28th Mar 02
Location: Redcliffe, QLD
User status: Offline
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maybe it would be better to just go for a decent rate savings account then. i was planning on giving it 5 years but i don't want to sell them after that time and only have what i started with. especially if the interest rates are set to increase.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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The only reason I put the 2k in there was because that 2k was going to spent in a years time to pay something off that I bought on 0% finance with no payments for 12 months so thought I may as well give it a go and see how I get on.
Have you got an ISA?
[Edited on 01-10-2010 by mwg]
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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My mate has 30k in them and he gets a cheque just about every month for various amounts, it's better than having it in a savings account when you have that kind of money to play with.
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Colin
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Registered: 4th Apr 02
User status: Offline
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I had £30k's worth for 3 months while I moved house, Only won 2 of the bottom prizes......£25.
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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I have two from the early 70's.
No idea how to find out if they have ever won though 
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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Go online and enter the bond holders number. Pretty sure you would of had a letter through if you had won though
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
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Pretty sure the address would have changed from the 70's, my dad gave me them a few years back 
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ed
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Registered: 10th Sep 03
User status: Offline
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They're probably just as good as your average ISA. The way things are now, saving money isn't going to be profitable. Only sensible 
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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Look breh, you are a man.
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
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How long does it take to withdraw the money from Premium Bonds / Sell them.
Untill its back into your bank.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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A few days, a week max.
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Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Matty G with small number plates on Corsa B SXi
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Whittie
How long does it take to withdraw the money from Premium Bonds / Sell them.
Untill its back into your bank.
There quite good that way.
You can instruct them to release the funds the day after the forth coming draw. I think its just wired into your account as well
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Whittie
Member
Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
User status: Offline
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How often are the draws, might try it out for a month.
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mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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You haven't looked at the NS&I website have you?
http://www.nsandi.com/products/pb
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Dom
Member
Registered: 13th Sep 03
User status: Offline
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I think i got £50/£100 or so and in the 25yrs of having them i've won £25. Brothers got £15k's worth and has never won anything. If you're not planning to touch the cash for a while then i'd look at a high interest (some of them around 4.5-5% now) fixed term bond as you'll see a better return.
[Edited on 01-10-2010 by Dom]
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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I've got all of my savings in premium bonds at the moment. Did have it in ISAs but the rates suck so not much to lose by putting them in PB.
They only pay out a % of the total amount of cash invested though, so despite being a 'lottery' you are only likely to get a return based upon what they pay out.
ie. if they are paying 2% on everything, expect 2% return on what you've put in. Doesn't always work that way, but long term will more than likely do.
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adiohead
Member
Registered: 28th Sep 01
User status: Offline
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I had £1k for about 2 years and didn't win a thing.
I've recently cashed them in to go towards my new house.
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