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Baz46
Senior Member
Baz46 is offline
Somewhere rural 'out in the sticks', UK
Joined: Apr 2018
Posts: 4,916
Baz46 is male  Baz46 has posted at least 25 times and has been a member for 3 months or more 
 
04-07-2021, 06:26 AM
971

Re: Premium Bonds

Originally Posted by OldGreyFox ->
Same as you Baz, I haven't a clue how much beer is for a pint.... It's been years since I visited a pub just for a drink. I went to the local carvery (which is a pub) a few times but covid has knocked even that on the head...

I'd be up for a nice pot of tea and a toasted teacake in a cafe though, I'll pay....
Oh right, cheers OGF I will be there! Google maps, where are you?
Tedc's Avatar
Tedc
Senior Member
Tedc is offline
Berkshire, UK
Joined: Aug 2016
Posts: 4,872
Tedc is male  Tedc has posted at least 25 times and has been a member for 3 months or more 
 
10-07-2021, 02:02 PM
972

Re: Premium Bonds

From the Premium Bonds web Page:-

See below.

If the payout is 1% where does the 99% go?

If the odds on winning is 34, 500 , for every £1 bond how is your investment holding up? (if you have 35000 invested, shouldn't you expect to be winning almost every time?)


"Essentials at a glance
What are the odds of winning? 34,500 to 1 (for every £1 Bond)
What's the interest rate? 1.00% (annual prize fund rate)
Will you pay tax? No. All prizes are tax-free.
What's the min. to pay in? £25
What's the max. to pay in? £50,000"
 
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