17-02-2021, 11:44 AM
834
Re: Premium Bonds
I'm having a look at Premium Bonds, now that the Banks are no longer paying interest.Trouble, I find, is that people broadcast their winnings but they never say what the "return on Investment" percentage is.
After all, if you won 150 quid, on 30,000 pound investment, you had for 10 years, that's not very good?
17-02-2021, 12:21 PM
837
Re: Premium Bonds
Originally Posted by Tedc
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I'm having a look at Premium Bonds, now that the Banks are no longer paying interest.Trouble, I find, is that people broadcast their winnings but they never say what the "return on Investment" percentage is.
After all, if you won 150 quid, on 30,000 pound investment, you had for 10 years, that's not very good?
According to this up-to-date information the annual prize interest rate is not that good, probably worth checking out the website though:
"The nearest thing Premium Bonds have to an interest rate is their annual prize rate, currently 1%. The interest rate describes the 'average' payout, but it is just a vague watermark."
https://www.moneysavingexpert.com/sa...premium-bonds/
17-02-2021, 12:28 PM
838
Re: Premium Bonds
Originally Posted by Baz46
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According to this up-to-date information the annual prize interest rate is not that good, probably worth checking out the website though:"The nearest thing Premium Bonds have to an interest rate is their annual prize rate, currently 1%. The interest rate describes the 'average' payout, but it is just a vague watermark."
https://www.moneysavingexpert.com/sa...premium-bonds/
You are welcome Tedc. 
17-02-2021, 12:55 PM
840
Re: Premium Bonds
Originally Posted by Pixie Knuckles
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I have heard of Premium bonds but never had any, nor do I know anyone who has them. I don't know how they work but it sounds like a lottery?
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