FabSwingers.com mobile

Join us FREE, we're FREE to use

Web's largest swingers site since 2006.

Already registered?
Login here

Back to forum list
Back to The Lounge

Are premium bonds worthwhile?

Jump to newest
 

By *ablo minibar123 OP   Woman
over a year ago

.

Yay or nay?

Reply privatelyReply in forumReply +quote
 

By *an For YouMan
over a year ago

belfast/holywood

I get more in winnings in financial terms than any of my other investments . ( low to medium risk)

Reply privatelyReply in forumReply +quote
 

By *ablo minibar123 OP   Woman
over a year ago

.


"I get more in winnings in financial terms than any of my other investments . ( low to medium risk)"
oh ok cool

Reply privatelyReply in forumReply +quote
 

By *ondscotMan
over a year ago

glasgow

They have been , though I read they have just slashed the number of prizes so suspect that won’t be helpful. I like them because it’s low risk.

Reply privatelyReply in forumReply +quote
 

By *wisted999Man
over a year ago

North Bucks

I am reconsidering putting my money in them. They were worthwhile but they have slashed the interest and prize amounts.

Looking for an alternative if I can’t find one I will keep my money in. I use my ISA entitlement so have no room in that respect.

Reply privatelyReply in forumReply +quote
 

By *orseydaveMan
over a year ago

Norwich NR5

I think so. I've steadily built up to the maximum holding over the years, and it's very rare I don't pick up around 25% each year.

Some people have written about risk, there is none.

Reply privatelyReply in forumReply +quote
 

By *he Mac LassWoman
over a year ago

Hefty Hideaway

They make me about £25 every 18 months or so. A much better return than my other savings although it isn't guaranteed. Plus it's such a faff cashing them in that I think they're worth it for that alone.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Yeah & no.

So, premium bonds are great essentially to just store cash.

Interest rate on premium bonds are currently at 1.4% which when compared to the UK banks current interest rate is 1.31% so not only are you gaining additional percentages - you’re also entering the possibility of being drawn in a draw.

I have myself won money on my premium bonds, but choose to have it re-invested month-on-month.

So short answer, yes

If you need any finance related questions - anyone can feel free to shoot me a message & I’ll be more than happy to give an answer

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Not had a bean in over 8 years... but hey ho such is life.

Reply privatelyReply in forumReply +quote
 

By *rHotNottsMan
over a year ago

Dubai & Nottingham

Stats so no, even if you hold the max amount, the stats show returns slightly lower than the best instant access savings accounts.

But it’s luck not investing , you may get lucky and beat the stats or perform with worse than average luck.

So no, not worth considering unless it’s done for enjoyment only or you are happy to see it for what it is - gambling with no risk to capital.

On the final point remember that if your savings/bonds are not even beating inflation, then you are actually risking / losing capital

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I won 50 quid nigh on 25 years ago, with a 1 pound ticket, I had bought some ten years earlier.

Well, I haven't forgotten about that.....

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Depends on how much you have to invest. The maximum amount generates typically £100 - £250 pcm, whereas (say) £500 may generate £25 every few months. You may win the big prize if you're lucky but I think they are changing the prize value so that becomes less likely.

However, your invested money is safe and guaranteed (as it is up to £85k in the banks.

Reply privatelyReply in forumReply +quote
 

By *rHotNottsMan
over a year ago

Dubai & Nottingham


"I get more in winnings in financial terms than any of my other investments . ( low to medium risk)"

How do you know ? The only time you win or lose capital is when you sell, there’s actually no such things as gains or losses until you sell stock , it’s just numbers in a computer screen that constantly change

Reply privatelyReply in forumReply +quote
 

By *corpio67Man
over a year ago

hillingdon

If you don't need the money then it's good fun and you get your money back if you cash in!

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I’ve never won more than £25, but I win that regularly. I get far more than I would get in interest from a standard savings account

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

only really worth it for large sums, its risk free and you often will get a small cheque, very rare to win big, but its better than putting it in a bank

Reply privatelyReply in forumReply +quote
 

By *an For YouMan
over a year ago

belfast/holywood

I get at least £25 per month over a year

Reply privatelyReply in forumReply +quote
 

By *an For YouMan
over a year ago

belfast/holywood


"I get more in winnings in financial terms than any of my other investments . ( low to medium risk)

How do you know ? The only time you win or lose capital is when you sell, there’s actually no such things as gains or losses until you sell stock , it’s just numbers in a computer screen that constantly change "

I know because I’m

Mathematically gifted . Not talking about higher risk investments. I said low to medium risks

Reply privatelyReply in forumReply +quote
 

By *ady LickWoman
over a year ago

Northampton Somewhere

It depends how much you have invested in them. I had a few wins over 10 years but it wasn't a lot, so I'd say no!

Reply privatelyReply in forumReply +quote
 

By *amissCouple
over a year ago

chelmsford


"I think so. I've steadily built up to the maximum holding over the years, and it's very rare I don't pick up around 25% each year.

Some people have written about risk, there is none."

You get 25% of your holding, in retun?

Reply privatelyReply in forumReply +quote
 

By *amissCouple
over a year ago

chelmsford

Yes we both have a win each month, not the big ones though

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago


"I think so. I've steadily built up to the maximum holding over the years, and it's very rare I don't pick up around 25% each year.

Some people have written about risk, there is none.

You get 25% of your holding, in retun?"

Lol - no-one is getting 25% gains?! That’s ridiculous! Top traders will be lucky to gain 12% a year.

Even 5% guaranteed would be massive!

Reply privatelyReply in forumReply +quote
 

By *amissCouple
over a year ago

chelmsford


"I think so. I've steadily built up to the maximum holding over the years, and it's very rare I don't pick up around 25% each year.

Some people have written about risk, there is none.

You get 25% of your holding, in retun?

Lol - no-one is getting 25% gains?! That’s ridiculous! Top traders will be lucky to gain 12% a year.

Even 5% guaranteed would be massive! "

That's what I'm thinking surely he's got it wrong, we get about 1.5% on our holdings

Reply privatelyReply in forumReply +quote
 

By *om and JennieCouple
over a year ago

Chams or Socials

No. Martin Lewis said so about 3 weeks ago

J x

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Ive had a return of 15 - 19% each year over the last 10.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

I think so. I’ve had a few wins. Not large amounts though

Reply privatelyReply in forumReply +quote
 

By *amissCouple
over a year ago

chelmsford


"Ive had a return of 15 - 19% each year over the last 10."

That seems unrealistic too unless you've had a massive win

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

What’s everyone smoking here?...

I’ve got a considerable amount of capital in my premium bonds - people quoting ridiculous returns. I’ve never made more than 5% in a single year.

Even trading I’d call it a successful month pulling a return of 9%+

Well clearly it’s worth it seeing some people’s returns! Damn, better return than a portfolio of rental properties...

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Average return on £50,000 is around £500 per year with a person having average luck.

Calculater on Money Saving Expert.

Reply privatelyReply in forumReply +quote
 

By (user no longer on site)
over a year ago

Yes if you invest enough

Reply privatelyReply in forumReply +quote
 
 

By *amissCouple
over a year ago

chelmsford


"Average return on £50,000 is around £500 per year with a person having average luck.

Calculater on Money Saving Expert."

Sounds more like it

Reply privatelyReply in forumReply +quote
Post new Message to Thread
back to top