Anyone do Premium Bonds ?

Thinking of putting a lump of money into Premium Bonds. The interest rates we get are so low now on savings it could be an alternative. I realise there is zero interest on PBs but there is the chance of a win. Even just a small win every now and then must surely be better than the very low rates we get at any of the banks ect ?

Thoughts please and anyone done any good with them ?

Cheers !

 

Did do them, untill they started to pay £25 in stead of the £50 pay outs , but when you add it all up at the end of the year the % isn't much at the time it was 0.5% but you could win a million and be lucky in getting lots of wins

I took mine out and put it in shares, i've already double my money, but that was a few years back

 

I do, get a win every few months, sometimes a couple.

 

Same here, several wins overs the last three years but never more than £50, probably more than we would have gained in the next to nothing interest accounts.

 

if its spare £££ why not I dont have that many thats why I have never won !!!

 

I get regular wins of £25 , it's just a gamble some people win a decent amount , most people get nothing.
but then again at least your original investment is safe unlike shares.

 

Shares are not for us I'm afraid. I have friends who have won and lost in equal measures. My thoughts are if you cant afford to loose it don't gamble it .

Thanks !

 

I've had mine since I was born and not had a penny!

 

This month August 2023 ---

Mrs C £150;- Me £50

 

I've found them to be pretty good during the very low interest rates period where other forms of investment have been almost a guaranteed zero, unlike doing the lottery you dont lose anything whatever happens.
I do think you need a decent amount in there to get much out.

 

I was given some as a child....not sure what became of them all I know is that I never got anything from them.

 

I have had some since my teens and we have continuously had some over the past 40 years+. Have wins most months.

 

@Upsydaisy
If you write to them with your name and address at the time of purchase
they will give you a 'Holders Number'
Easy to check your winnings here

Prize Checker

No need to log in etc. Just enter your numbers every month

 

Thanks @Cordy .