Premium bonds - weird coincidence

[SpokeyDokey]

I attribute the success of PB's to the National Lottery - it's turned us into a nation of reckless gamblers.

(TIC for the humourless.) 🙂

 

[Mo1959]

I attribute the success of PB's to the National Lottery - it's turned us into a nation of reckless gamblers.

(TIC for the humourless.) 🙂

Not sure I would call the Premium Bonds reckless, at least compared to other forms of gambling.

 

[ebikeerwidnes]

Not sure I would call the Premium Bonds reckless, at least compared to other forms of gambling.

It is sort of like it

but as they give you the money back if you ask for it (after a delay) it is not a risk
except that you loose any interest you would have got in a savings account

but you MIGHT win The Big One!!!

but you won't
so basically it is about the same odds as the Omaze house - but you can get your stake back
and the odds are pretty much the same
i.e. no chance!

 

[briantrumpet]

Not sure I would call the Premium Bonds reckless, at least compared to other forms of gambling.

It used to be a regular suggestion on investment programmes, as long as you put in a big enough chunk that you got at least close to the return on regular NS&I savings accounts, as it gave the investment a monthly entertainment aspect, and was part of a wider portfolio.

The smaller the amount, the more hit & miss it gets, as I seem to have found out: when I was maxed out, I got something virtually every month, though nothing big. Now it's 1/2 or 1/3 that I get a trivial amount.

 

[SpokeyDokey]

Posted before but just updated. Worth a read through if you have a decent chunk of your cash invested in PB's:

https://www.moneysavingexpert.com/savings/premium-bonds/