Premium bond information needed
Discussion
Thinking of buying a few but was confused by something.
I always understood that once purchased you'd automatically recieve any 'winnings'.
However whilst googling I just came across an article about hundreds of thousands of 'unclaimed prizes'.
Do you need to check your tickets each month as this seems like an impossible task?
Edit
o you know when the draw takes place each month?
>> Edited by blindswelledrat on Monday 30th January 17:01
I always understood that once purchased you'd automatically recieve any 'winnings'.
However whilst googling I just came across an article about hundreds of thousands of 'unclaimed prizes'.
Do you need to check your tickets each month as this seems like an impossible task?
Edit
o you know when the draw takes place each month? >> Edited by blindswelledrat on Monday 30th January 17:01
If you have less than the maximum £30,000 you can opt to have your prizes automatically reinvested until you reach the max, then they start sending you cheques. It's easy to check your numbers - you put them into the checker on the NS&I website and it tells you if you've won that month on the 3rd working day of the month. You only have to put your holder's number in, not the individual bond numbers.
Draw takes place on the 1st of the month - Simon Bates announces the £1million winners at 8am & 9am on the 1st (or 1st working day) of the month on Classic FM
>> Edited by Mrs Cuchillo on Monday 30th January 18:06
>> Edited by Mrs Cuchillo on Monday 30th January 18:07
Draw takes place on the 1st of the month - Simon Bates announces the £1million winners at 8am & 9am on the 1st (or 1st working day) of the month on Classic FM
>> Edited by Mrs Cuchillo on Monday 30th January 18:06
>> Edited by Mrs Cuchillo on Monday 30th January 18:07
If you buy them now you will have any winnings sent to you each month - whether or not you 'claim' them . Unclaimed prizes are the ones where the winners have not been tracked down.
Also, it is easy to check each month online at :
www.nsandi.com
Also, it is easy to check each month online at :
www.nsandi.com
princeperch said:
I dont believe so.
Even so, im getting a bit pissed off with these premium bonds. Had a grand stuck in there for well over a year and not a sausage..
Your odds of a £50 win with £1000 of bonds is 1:25, so statistically, you're due one every couple of years. Get the full £30,000 and on average you'd get one a month. Works for me. In my first year I got £850.
ThatPhilBrettGuy said:
[quote=adetuono}Get the full £30,000 and on average you'd get one a month. Works for me. In my first year I got £850.
And if you'd put the money in an on-line high interest account, even paying tax you'd have got £1050.[/quote]
Ah but no chance of getting a biggy though
Carrera2 said:
Ah but no chance of getting a biggy though
True. But I don't need that as I'm winning the £125ml euro thingy
When I last had some bonds (£20K's worth, the max at that time) I got about 1.2% out of them. In the very long run I'm sure you do get their quoted 3% (or get very lucky with the big prizes)...but you could get nothing.
Carrera2 said:
[quote=adetuono}Get the full £30,000 and on average you'd get one a month. Works for me. In my first year I got £850.
And if you'd put the money in an on-line high interest account, even paying tax you'd have got £1050.
Ah but no chance of getting a biggy though
[/quote] What he said ^^^^^, plus no quick access to your money if you need it, and at 40% tax you'd still end up with less than £850.
scared but happy said:
Sorry *thread hijack* Another question. Whats the smallest amout I can buy? and is that it? no more to pay...
min investment is 100 sheets. After that, you can invest up to your 30k limit, but any investments have to be in fixed increments of £10, i.e 110, 120, 290, not 117 or 118.50 etc
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