Premium Bonds Reviews

Premium bonds are a thing many people hold - it used to be quite common for Grandparents to buy them for their grandchildren when they were first born etc., I have a few friends who hold £2 in premium bonds, have held them for 30 years and have won zero in all that time. I had a small amount of premium bonds and won a few £50's over the years ...  Read the complete review

Premium Bonds are the best form of gambling- the only type that I know of where you can get your stake back win or lose. Admittedly if you leave the bonds invested for any length of time the value you get back will have been eroded by inflation- but that is still more than you get back if you lose on the lotto, horses, bingo etc. When I ...  Read the complete review

Premium bonds are not at all user friendly, it takes a month for your money to be invested and there is a long form to fill in both when buying and selling and it is necessary to send paper forms despite all the account details and details of coupons (if any) being available online. Access to the online service is poor with much longer codes ...  Read the complete review

Premium bonds are a way of investing your money which most of the population hasn't realised how good they actually are. A premium bond is an investment with the post office where basically you exchange real money for bonds, these bonds are given numbers and are entered into a prize draw every month, with there being two £1 million ...  Read the complete review

I have had Premium Bonds all my life. A lot of people say they are a waste of time, but in the current climate, is that still the case? It has been reported widely that the number of prizes available has diminished. Equally, the interest on my savings account and ISA has also diminished at roughly the same rate. At one time, ...  Read the complete review

I've had premium bonds most of my life (my first were bought by proud grandparents for my christening) and I get a regular (though not guaranteed) flow of small prizes (mainly £50 or £100). I have any prizes won automatically reinvested and cash them in when that rainy day (or holiday) calls for more funds. Sometimes I have ...  Read the complete review

Although I'm not a very lucky person when it comes to these things I thought I'd write about it and let those of you out there that are unaware of what these are give you a little insight into them and my opinion on the matter. Premium bonds are another form of tax free investment that anyone aged 16 or above can invest in with a chance ...  Read the complete review

I like premium bonds. I've had them for years, but I have become more disenchanted with them recently because the rate of return doesn't seem as good as in the past. A large proportion of the UK population have at least a few National Savings Premium Bonds, often held for a very long time, but are they actually any good? Are they gambling or a ...  Read the complete review

Everyone should have some - National Savings Premium Bonds I mean! Each premium bond is valued at £1, the minimum quantity that you can buy is £100. There is a maximum value that people can hold, this is currently 30000 £1.00 bonds. Premium bonds don't pay interest, instead each month, the government pays out a ...  Read the complete review

Premium Bonds are offerred by the Government through National Savings and are a way of investing money with no guaranteed rate of return other than the fact that you are guarnteed to get your money back whenever you cash them in. The potential return from them is based on the fact that each month the bonds that you have purchased are entered into ...  Read the complete review

PREMIUM BONDS’ HISTORY * * * * * * * * * * * * * * * * * * * * * * After the second World War the government were looking at ways to control inflation and encourage people to save . Premium Bonds were introduced by Harold McMillan in the 1956 budget . They went on sale on the 1st November 1956 and so have just , last year , celebrated ...  Read the complete review

“There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can” – Mark Twain. Premium Bonds are a curious affair; part investment and part gamble, they are an almost-lottery run through National Savings and Investments, and backed by the government itself. I had until recently paid ...  Read the complete review

Having chosen a wide number of investments, and left some in a savings account, paying a fairly derisory rate of interest, I moved some of the money into an ING Direct account and put the balance into premium bonds, back in June 2005. Part of the lure of them is the fact that you can win a jackpot of one million pounds – whilst this is not as much ...  Read the complete review

I had never had a Premium Bond in my life, although I do believe that both of my parents had received them when they were children but neither of them had ever won. So when my mother-in-law purchased them for my children as a gift I was bit sceptical. From what I could gather you complete a form which you can get at most main Post ...  Read the complete review

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 ...  Read the complete review

I had heard of Premiun Bonds through elder family members as I was growing up and had enough spare money to invest in them. Ernie as the machine is called is a bit like a lottery you invest your money in the bonds and these are entered into a monthly draw. If your numbers come up your a winner. Sounds simple doesn't it? To buy ...  Read the complete review

I read with interest the various reviews here and on other boards about Premium Bonds Sadly I only sincerely wish I could concur with the views expressed that they are a good deal I have held Premium Bonds for 43 years and not won a bean 10 years ago my Mother gave me £200 of Premium Bonds ......they have not won either ...  Read the complete review

Despite the fact that only 45% of the money raised from lottery sales is paid out in prizemoney, millions of us invest (foolishly) each week in the vague hope of escaping our mundane lives for something better! But there must be something better available somewhere, and there is! You need to invest between £100 and £20,000, with ...  Read the complete review

I had a couple of pounds invested for me when I was young, they did not win nothing. Then a couple of years ago (year 2000) I inherited a bit of money & was unsure what to do with it, so I put most of this money in to the premium bonds and have not looked back since. The 1st year I won £1,200 this year has not been so good as the interest ...  Read the complete review

When I was just a wee bairn (no, I'm not Scottish, but I thought that this opinion needed a bit more character!) relatives and friends decided it would be a wise idea to give me Premium Bonds for birthdays and Christmas presents. In those days it was possible to buy Premium Bonds in smaller denominations of as little as £1. Over the first few ...  Read the complete review