NS&I Premium Bonds

[Niigata Jack]

Anyone on here got any? there's probably better saving options out there, but these do seem like a decent option,?

 

[Cooperman]

There is no guaranteed return as they are not a savings account, and anything you gain is through luck. There are most definitely better savings options out there.

 

[Pentyrchjack]

My wife and I have these - tend to win prizes that return about 4% a year tax free. Not great, but avoids taxation, and always a chance at bigger prizes. Definitely worth buying in a big block as seems to increase chances of winning.

 

[Niigata Jack]

There is no guaranteed return as they are not a savings account, and anything you gain is through luck. There are most definitely better savings options out there.

Money is safe there though and you can leave money there long term, ISA's mature after 12 months and you got to try and put them elsewhere to keep earning off the total, without the thieving taxman grabbing it for Governments to waste.

 

[jack123]

Id forgot about Premium Bonds Funnily enough, I just looked at their website, I have just run through the list of high value winners for November, 283 pages, and it seems the vast majority, have got the max amount of bonds 50k. There are not many winners, who don't hold 50k of bonds.