The Names Bond Premium Bond (Premium Bonds)

Member Name: londonguy

Product:	Premium Bonds
Date:	17/06/04 (910 review reads)
Rating:

Advantages: you never lose your investment , entered into the draw every month

Disadvantages: Minimum invetsment £100

Having invested in ISAs and not seeing any good returns, a few years ago having had a 10 year savings investment plan mature. I decided to buy Premium Bonds, and have become hooked on this no lose investment. I won't say how much I have invested, and to be honest I haven't won any substancial prizes.
Maybe I'm one of the lucky investors, normally at least every othet month, a cheque comes through the letterbox, for £50. Last month I was lucky enough to have two £50 wins. Although it may not sound a lot. It is a return on your investment, which is tax free. Although no interest is paid, you can cash in your bonds at any time.
The minium investment is £100, so if you have some spare cash, try your luck with premium bonds. You just might be the next million pound winner.
One thing I forgot to mention, is you have to hold your bonds for a month, before they are entered into the draw.

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