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Glenn

Premium Bonds Revisited

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As its near the end of the year now I have a question to all those that have invested in Premium bonds as I'm thinking of getting some in the near future.

During 2005, how many wins did you get? Or if you know, how much did you win in the year as a percentage of the value of your bonds?

From your experience, taking into account the tax saving etc would you recommend Premium bonds to someone who currently has none, or do you think say £10k would be better served sitting in a 5% instant access account?

Also, happy new year to all HPC viewers

:)

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well if we were to see a deflationary situation then I would suggest they would be a rather good investment!

...we aren't there yet,but if the housing market really goes pete-tong then buy some!!!

I might do so if I get more proof that is where we are headed.

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Guest Charlie The Tramp

A very good year, joint full allocation with a return of around 8%, December draw £350. Held full amount for 11 years with no regrets.

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Happy New Year everyone!

I am still here, lurking occassionally in the background!

It was a gamble investing £60K, we have been getting between £50 to top £350 a month.

Not a good investment for us, but it just takes a big one to make it all worth it!!!!!!!!!!

:D

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At the end of November 2003 I withdrew 30,000 from my Halifax account and

invested it in Premium Bonds. My aim being to see if I could get a better

'return' from the Bonds than from the interest I was receiving from the

Halifax.

Buying the Bonds in November meant that I was eligible for draws from

January 1st 2004.

Winnings so far:

2004

January 2004 1 x £50 cheque - put into the Halifax

February 2004 1 x £50 cheque - put into the Halifax

March 2004 3 x £50 cheques (£150) - put into the Nationwide

April 2004 1 x £50 cheque

May 2004 - NOTHING, NOT A JOT, L

June 2004 - NOTHING, NOT A JOT, L

July 2004 1 x £50 cheque - put into the Nationwide

August 2004 2 x £50 cheques (£100) - put into the Nationwide (Rude blonde

girl on counter)

September 2004 3 x £50 cheques (£150) - put into the Halifax

October 2004 1 x £50 cheque

November 2004 1 x £50 cheque

December 2004 3 x £50 cheque (£150)

So that is £850 for 12 months 'entry' in the Premium Bonds

but technically 13 months of the money not gaining interest in a building

society interest account.

2005

Jan 2005 £50

Feb 2005 £50

Mar 2005 £50 - not doing so good this year.

April 2005 - NOTHING, NOT A JOT L

May 2005 - NOTHING, NOT A JOT L

June 2005 - £100 - put into the Nationwide

July 2005 - NOTHING, NOT A JOT L

August 2005 - 2 x £50 (£100) - put into the Nationwide

September 2005 3 x £50 cheques (£150) - put into the Nationwide

October 2005 - NOTHING, NOT A JOT L

November 2005 - NOTHING, NOT A JOT L

December 2005 £50

So that is £550 for my second 12 months 'entry' in the Premium Bonds -

things have got worse.

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Didn't they drop their rate of return recently? down to 2% or something? I don't remember when it was, but I do recall reading something about it.

On their website it says you should average about 2% return on investment and that ties in with what I've been getting, not great but their is always the hope of a larger prize, most I had in a month was £200

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