Premium Bonds .. revolt!
Discussion
Surely this will finally get the middle classes to revolt?
http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
fido said:
Surely this will finally get the middle classes to revolt?
http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
The millions pound prize is still there, just one instead of the two prizes before.http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
fido said:
Surely this will finally get the middle classes to revolt?
http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
I take it by your scornful use of the term "middle-class" that you disapprove of those succesful individuals who work hard and save their money? bds aren't they? What have they done to deserve winning prizes on premium bonds http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
Lefty Guns said:
fido said:
Surely this will finally get the middle classes to revolt?
http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
I take it by your scornful use of the term "middle-class" that you disapprove of those succesful individuals who work hard and save their money? bds aren't they? What have they done to deserve winning prizes on premium bonds http://www.telegraph.co.uk/finance/personalfinance...
The million pound prize is no longer, and there is now a pathetic £25 prize to keep your meagre hopes up.
Lefty Guns said:
I take it by your scornful use of the term "middle-class" that you disapprove of those succesful individuals who work hard and save their money? bds aren't they? What have they done to deserve winning prizes on premium bonds
I think we're in agreement - I'm both middle class ('Bank employee' still qualifies?) and have the maximum £30000 from which i hope to reap these pathetic prizes. Just to add, i misread the article (beer goggles) and thought they had removed all the top prizes .. but even so it was my only hope, and imagine so for many other 'middlies', of escaping from my soulless existance.Edited by fido on Wednesday 18th March 13:45
I looked into getting these in the past but decided against it, when you look at the chances of 'winning' you were better off just sticking it all in the bank because if you compared it with interest you would generally lose out. I guess the change in prizes is to bring it don so that it is still worse than having it in the highest interest account. Of course there is always the chance of getting a big pay out one day but wouldn't you be better off having half in a savings account and the rest being played on the FTSE, thats how they make the money to give out the prizes anyway so you might as well cut out the middle man.
Just my opinion
Just my opinion
Minty UFB said:
My G/Mother invested around £50 in early 1950's and today including all winnings they are now worth around £50. Thats right not one single win ( even though back in the 50's this was quite a lot of money).
Yeah but its all relative - there are people who hold thousands of bonds (me included) and therefore their chances of winning will be greater. Its not really suprising that your grandmother hasn't won anything to be honest.I've won £50 on three occasions and had money invested in premium bonds for approximately two years. I'm not overly fussed that they've removed one of the £1million prizes because the likelihood of winning it is probably the same as winning the lottery but I am happy that I possibly have a greater chance of winning a smaller prize on potentially a more regular basis.
V8mate said:
The return on the investments is now set at 1%; you can get more than that on a cash ISA.
Sorry for the slight pedantry. The 1% is actually the rate used to calculate the size of the prize pool, not the return.This is good: http://www.everyinvestor.co.uk/personal-finance/sa...
Scrumper said:
V8mate said:
The return on the investments is now set at 1%; you can get more than that on a cash ISA.
Sorry for the slight pedantry. The 1% is actually the rate used to calculate the size of the prize pool, not the return.This is good: http://www.everyinvestor.co.uk/personal-finance/sa...
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