Premium Bond Myth

[BAGHAG999]

My wife was given some Premium Bonds in the 80s, for years ive been saying to her cash them as they probally dont even go in the draw.
This week my wife got a cheque through post for 25.00, shows what i know.

[cheaver]

lol! How lovely. I have great fun checking mine here every month...

http://www.nsandi.com/savings-premium-bonds-have-i-won

[papagran40]

have had a few since they started , not a sniff of a win..it is not fair....boo hoo.....papa.

[tonyreddevil]

i will give a break-down shortly i have a large consignment.Merged many of them into blocks of £5,000.Actually won about £8,000.More details later.
cheers Tony

[moonwitch]

My kids have won £50 each but I have £100 worth somewhere and have never checked them.

Are we notified if we win?

[cheaver]

My kids have won £50 each but I have £100 worth somewhere and have never checked them.

Are we notified if we win?

I would have thought so if your details have remained unchanged since they were bought. It's easy enough to check using the link I put in.

[buttons-and-bows]

I have had 16 since 1974 and have won £25, so I got my money back and fingers crossed.

[astral276]

I have had 16 since 1974 and have won £25, so I got my money back and fingers crossed.

Not really. You have the £25 - plus you still have the £16. Though £16 now may not be worth what it was in 1974.

[hypn0t0ad]

I got £100 worth of bonds in 2006 and won £100 within 2 months... nothing since then but I've already had good value out of them I guess

[astral276]

Premium Bonds are generally claimed to be a poor investment. The place to put money when you have run out of other places.

The more you put in the more chances you have to win - though a person with one bond has the same chances as someone with 30,000. Those with more have higher odds of winning though.

Despite supposedly being a poor investment, my bonds are giving a better return than my 'proper' investments (which have been in negative territory since 2001), and paying more than high yield (there's a laugh) accounts.