I’m not too concerned about the slow erosion of the returns.
But that big money pot sitting there, right under the eyes of our Money Managing MPs, makes me nervous!
If my memory is right, it’s not, actually, managed by the Government, it is suggested that it’s all put into some kind of Company (if that’s the right word)…
Awww come on Foxy.
You can Pull the Sunderland One Armed Bandit.
A tad harder than the 0.1% This month.
Else I will ask my mate Angus, at Kirkbymoorside, to pop round.
Collect your underpants. And Auction Em. As he tries 2 find. >> Where Yorkshire is.
This is a fun thread! It’s great to see everyone sharing their experiences with Premium Bonds. It’s a great way to save, even if you don’t win big. The hope of a prize is a nice incentive to keep saving, and a little bit of fun is always good. The most important thing is that we’re all saving for the future!
Dunno yet…I’ll keep my under garments on for the time being QeS…
It’s sometimes about four or five days before I get an email from them…
The suspense is killing me, but I love it…I’m the bloke who opens his Christmas presents last…
That’s quite true Doctor, and unlike the lottery, you’ve still got your initial investment…
Glad you are enjoying the forum…
The last conservative government dropped prize money significantly, just before they left power. I believe there have been 3 cuts in what they predict you should win, % wise, this year. The first in January, the second in April & the third in August. There was also a fairly big reduction last year.
There used be 91 £100,000 prizes, in 2024 that reduced to 85. There were similar reductions in the number of most other prize numbers. However, there are still two £1,000,000 prizes & the number of £25 wins increased by 400.
Premium bonds rely upon luck to produce an estimated 3.6% return. In 2024, the rate was 4.65%. But a high interest bank account could give well over 5% guaranteed. No luck required.