| premium bounds 20:27 - Feb 1 with 1130 views | George25 |
Has anyone bought or have premium bounds? Are they worth getting? Thinking of buying some given the low interest rates in saving accounts. |  | | |  |
| premium bounds on 20:32 - Feb 1 with 1087 views | WD19 |
My kids got some as a gift and it inspired me to buy some too. It was either that or leave the money rotting in a standard bank account. Seems harmless enough. |  | | |
| premium bounds on 20:35 - Feb 1 with 1068 views | Swansea_Blue |
Nah, I don't think so. We've held what used to be the maximum number for years. They used to be pretty good, returning more than you'd get on the high street (many percent). But these days we barely get a thing.
If you can get a regular monthly saver locked in for at least a year, they are far better generally. Natwest/RBS/Lloyds are giving up to 3% return for those with their bank accounts. Even the non-liked savers of about 1.5% will be well over what the average saver will get with premium bonds. But then our in laws did win about £50k once on a £30k holding, so you never know (that's how they catch people).
It's not really a good time to save; better to pay off any debts on card or overpay mortgage. |  |
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| premium bounds on 20:50 - Feb 1 with 996 views | George25 |
| premium bounds on 20:35 - Feb 1 by Swansea_Blue |
Nah, I don't think so. We've held what used to be the maximum number for years. They used to be pretty good, returning more than you'd get on the high street (many percent). But these days we barely get a thing.
If you can get a regular monthly saver locked in for at least a year, they are far better generally. Natwest/RBS/Lloyds are giving up to 3% return for those with their bank accounts. Even the non-liked savers of about 1.5% will be well over what the average saver will get with premium bonds. But then our in laws did win about £50k once on a £30k holding, so you never know (that's how they catch people).
It's not really a good time to save; better to pay off any debts on card or overpay mortgage. |
I don't have any debt to pay and just got in sat in my current account. so I'm looking to earn money from it from something risk free. [Post edited 1 Feb 2021 20:51]
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| premium bounds on 21:16 - Feb 1 with 900 views | Crawfordsboot |
First you need to decide on what your investment objective is. Are you looking to have an investment grow over a number of years or do you just have a bit of spare cash that you might need next year and just want a return in the meantime.
If it’s long term I would go for a low cost shares tracker every time. If it’s more short term then an interest paying account or if you also want a bit of a flutter involved then perhaps premium bonds. As a straight investment premium bonds are not a very rational choice. |  | | |
| premium bounds on 21:36 - Feb 1 with 832 views | Horseboy |
| premium bounds on 20:35 - Feb 1 by Swansea_Blue |
Nah, I don't think so. We've held what used to be the maximum number for years. They used to be pretty good, returning more than you'd get on the high street (many percent). But these days we barely get a thing.
If you can get a regular monthly saver locked in for at least a year, they are far better generally. Natwest/RBS/Lloyds are giving up to 3% return for those with their bank accounts. Even the non-liked savers of about 1.5% will be well over what the average saver will get with premium bonds. But then our in laws did win about £50k once on a £30k holding, so you never know (that's how they catch people).
It's not really a good time to save; better to pay off any debts on card or overpay mortgage. |
Now is certainly the time to save, in a pension.
Dont get overpayment of mortgage with rates so low, lump in the pension, 20% minimum tax relief and historically good returns over time. |  | | |
| premium bounds on 22:39 - Feb 1 with 706 views | 26_Paz |
I’ve got some, tend to do marginally better than the roughly similar amount I’ve got in a savings account ... we are talking marginal though ... you’re not going to be retiring on them any time soon (unless you’re really, really lucky) |  |
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| premium bounds on 08:32 - Feb 2 with 552 views | Keaneish |
Yes but you need to buy a lot to yield a decent return. I invested the maximum and I won small payouts every month which yielded a grater return than any interest rate would on the invested figure. |  |
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