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Introducing the LemonFools Personal Finance Calculators

Premium Bonds

AleisterCrowley
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Re: Premium Bonds

#198465

Postby AleisterCrowley » February 2nd, 2019, 7:59 pm

I reckon absolute minimum £5k- less than that and the return is very 'noisy' - you either do spectacularly well or get nowt.
My £12.5k seem to return 1% to 2% typically - better than short bonds (ERNS etc) and the remote chance of winning big...

Degsy67
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Re: Premium Bonds

#198954

Postby Degsy67 » February 4th, 2019, 11:29 pm

Itsallaguess wrote:
However, what if your mother had put the actual £15 in a drawer?

That would have been the *worst* situation for that sum of money in terms of outcomes, as at least you've had the chance to win something in the meantime with the Premium Bonds, even if that didn't actually happen in this particular case....



LOL. Very funny.

In terms of outcome, I could easily argue that the outcome is identical. £15 = £15.

But then I checked on eBay. If my mother had put 3 x mint condition old style £5 notes which were in circulation at the time in the drawer and I sold them on eBay now then I’d receive around £30. So money in the drawer would have been better than the Premium Bonds.

:lol:

Degsy

Mike88
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Re: Premium Bonds

#198991

Postby Mike88 » February 5th, 2019, 9:03 am

AleisterCrowley wrote:I reckon absolute minimum £5k- less than that and the return is very 'noisy' - you either do spectacularly well or get nowt.
My £12.5k seem to return 1% to 2% typically - better than short bonds (ERNS etc) and the remote chance of winning big...


I would be thrilled with a 1% return on my £18k investment. I have won around £75 in 4 years. I am still holding on for the remote chance of winning big but if I needed cash Premium Bonds would be the first thing to go.

AleisterCrowley
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Re: Premium Bonds

#198997

Postby AleisterCrowley » February 5th, 2019, 9:18 am

Well, these are my returns since 2014 (value at start of 2019 was ~£12,650)
(Calendar year return)
2014 £150 1.28%
2015 £200 1.68%
2016 £100 0.83%
2017 £175 1.43%
2018 £250 2.02%

Perhaps I'm 'slightly luckier than average' ?!

kempiejon
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Re: Premium Bonds

#199009

Postby kempiejon » February 5th, 2019, 9:56 am

Mike88 wrote:
I would be thrilled with a 1% return on my £18k investment. I have won around £75 in 4 years. I am still holding on for the remote chance of winning big but if I needed cash Premium Bonds would be the first thing to go.


Mke88 looks like you're having well below average luck there so I can see why you'd short list them as first out.
I do get around 1% but it is lumpy, as my investment increases so my monthly variance decreases. I like NS&I for large cash deposits as they offer unlimited protection in a nightmare, Index linkers and PBs are handily shielded from tax as well.

XFool
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Re: Premium Bonds

#199105

Postby XFool » February 5th, 2019, 5:20 pm

1, 2, 3, 4, 5, 6, 7, 8. Blimey! Eight prizes this month, that's never happened before.

staffordian
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Re: Premium Bonds

#199130

Postby staffordian » February 5th, 2019, 6:48 pm

I'm still getting "Sorry there was a problem Please try again later" when I open the Android checker app. Is anyone else or is it just me?

swill453
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Re: Premium Bonds

#199131

Postby swill453 » February 5th, 2019, 6:53 pm

staffordian wrote:I'm still getting "Sorry there was a problem Please try again later" when I open the Android checker app. Is anyone else or is it just me?

I had that, even after they said they fixed the problem. Clearing the app cache on my tablet fixed it.

Scott.

Bouleversee
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Re: Premium Bonds

#199133

Postby Bouleversee » February 5th, 2019, 6:54 pm

It's very quick and easy to go onto their website and log in with your ns&i no. (asking your computer to remember it for next time). Have never had any delay or problem with that.

PinkDalek
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Re: Premium Bonds

#199135

Postby PinkDalek » February 5th, 2019, 7:10 pm

Bouleversee wrote:It's very quick and easy to go onto their website and log in with your ns&i no. (asking your computer to remember it for next time). Have never had any delay or problem with that.


You can also use your Holder's number here https://www.nsandi.com/ without logging on (that may be what you were saying).

Bouleversee
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Re: Premium Bonds

#199137

Postby Bouleversee » February 5th, 2019, 7:29 pm

Yes, that's what I meant, inserting holder's number being equivalent to logging on.

staffordian
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Re: Premium Bonds

#199147

Postby staffordian » February 5th, 2019, 8:03 pm

PinkDalek wrote:
Bouleversee wrote:It's very quick and easy to go onto their website and log in with your ns&i no. (asking your computer to remember it for next time). Have never had any delay or problem with that.


You can also use your Holder's number here https://www.nsandi.com/ without logging on (that may be what you were saying).

Thank you, yes I did that to establish that I'd won the usual amount.

And thanks, Scott, clearing the cache sorted it, so I'll be able to quickly check I'm still poor next month :D


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