Advantages: Initial investment safe , may win loys of money, good prizes Disadvantages: In real terms you lose money if you don't win
...sent it off to the National Savings address provided .
2 - For £100 you receive a bond with a block range of 100 continuous numbers .
3 - Maximum purchase is £30,000
4 - Numbers are drawn monthly at the start of each month. Numbers are usually made up of a combination of letters and numbers .
5 - There are a selection of prizes from £50 to £1,000,000 .
6 - Although it's a random selection obviously you must have more chances of winning the more ... ...short time . However the choice is yours , you can't lose can you ?
P.S - As premium Bond are backed by the treasury and held in the government's National Savings Bank they should be safe . Shouldn't they ?
Thanks for reading Copyright Eiley ...
grafter123 25.02.2007
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: Risk free lottery Disadvantages: Return relies on having "average luck"
...are an almost-lottery run through National Savings and Investments, and backed by the government itself. I had until recently paid scant attention to them, until a chance conversation with my mother revealed that I had in fact owned a set of Premium Bonds since my 1st birthday, when my parents decided that some money given as a gift by my grandparents would be better placed into the bonds than into the savings account that they had opened for me. ... ...the Treasury, and according the National Savings and Investments website, your current odds of any one bond winning a prize are 24,000 to 1 (the odds were 11,000 to 1 back in 1993). By way of comparison, the odds of any £1 ticket winning a prize in the UK Lotto are 54 to 1, and the odds of any £1 ticket winning the jackpot in the same game are 14 million to 1. Mind you, there were only £4 billion invested in the bonds in the early 1990s - the explosive ...
Collingwood21 09.04.2007
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: A better chance of a big win than the National Lottery, Disadvantages: but it's still a very slim chance!
National Savings and Investments offer several tax-free investments, including a Cash-only ISA, National Savings Certificates, Children’s Bonus Bonds and Premium Savings Bonds. This opinion covers investments made in Premium Savings Bonds.
*****
“Serious Fun” is what National Savings and Investments used to call Premium Bonds. I start to worry when an institution like NS&I tells me that something is going to be fun. I worry even more when they ... ...numbers, send your application to National Savings and ask if they would issue 3 consecutive Bonds for £300 each.) The minimum investment is £100 (and then in units of £10) and you can download an application form to complete and send by snail mail at http://www.nsandi.com/products/pb/index.jsp?section=print
Anyone over 16 can buy Bonds for themselves, and parents or grandparents can buy Bonds for children under 16. The child assumes full control ...
SueMagee 17.12.2002 (01.05.2003)
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: An excellent way of saving for your child's future without incurring any tax liability. Disadvantages: Interest rates are not up with the best.
...to advise people to buy National Savings Children’s Bonus Bonds, but in the current economic and political climate I’ve come to the conclusion that they’re a good way to save for your child’s future. I’ll tell you a little bit about them before we go any further.
Children’s Bonus Bonds can be bought from any Post Office or direct from National Savings & Investments for a child under the age of 16. They can be bought by anyone on the child’s behalf ... ...Just before the bonus date National Savings will write to you and tell you about the guaranteed rate for the next five years (or until the child reaches 21) and it’s up to whoever is controlling the Bond whether they leave it invested or cash it in and put the money elsewhere. The fact that the rate of interest is fixed is useful when the rates being paid are high, but is of dubious benefit when rates are low, as at present. The Bond must be repaid, ...
SueMagee 31.01.2003
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: You can't loose because you can have your money back Disadvantages: No interest paid
...Premium Bonds form part of National Savings network, which also has its own website at www.nationalsavings.co.uk if you need any further information. You will find Premium Bonds under Tax Free Investments as any money that you do win is tax free.
If, sorry, when you win ERNIE’s office, based at Lytham just outside Blackpool, will get in touch with you. This is of course providing that you have notified them of any changes of address. Any unclaimed ...
SusanLesley 29.09.2001 (24.10.2001)
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: Fun way to invest money Disadvantages: You might not get good returns
Until a couple of years ago I had heard of Premium Bonds, but had little idea about what they were and how they worked. Last year I came into a little bit of cash and instead of wasting it on crap like I normally do I decided to invest it. I put a little bit in an ISA and decided to buy some Premium Bonds as well as a friend had some and she always seemed to be winning – plus the idea of potentially winning money each month appealed to me as well.
... ...lottery and a savings account rolled into one. The difference between this savings account and the normal ones you get is that your money doesn’t get guaranteed interest each year; instead your premium bonds are entered into a draw each month with the chance of winning prizes that range from £50 all the way up to £1,000,000 tax free with a wide range of prizes inbetween. Obviously the million pound jackpot is on most peoples minds when they invest, ...
fryera2 13.06.2007
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: No risk product with a reasonable chance of decent returns Disadvantages: It is not as good as it seems at first glance
National Savings & Investment Guaranteed Equity Bond Play the stock market without risking a penny exclaims the brochure. This product gives you the opportunity to invest as little as £2,000, and benefit in the returns the stock market makes over the next 5 years, without risking a penny of your capital! It sounds too good to be true. so, how good is it Really? Who are National Savings?
Basically, the UK government. This has the advantage of being ... ...security to your money! National Savings are the UK's second largest savings institution, only Halifax looks after more of the country's money.
What can i invest? £2,000 is the minimum investment. £1m is the maximum, although this is doubled for joint holdings. Strangely, neither Mrs Daveops or myself is going to be troubled by the upper limit. Can I access my money? No. This is a 5 year investment maturing in june 2008. the only way you can get ...
daveops 21.05.2003 (31.05.2003)
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: tax free, fun Disadvantages: low-rate of return
...have at least a few National Savings Premium Bonds, often held for a very long time, but are they actually any good? Are they gambling or a real investment?
What Are Premium Bonds?
Premium Bonds are effectively a loan to the government, in exchange, all returns from them are tax-free. They are issued by NS&I (National Savings and Investment, formerly the Post Office Savings Bank) and Each bond is worth £1 and pays no interest (unlike most "bonds") ... ...a year.
Conclusion
National Saving Premium Bonds are not a great investment, but they are surprisingly fun. I would not recommend having too many of them at the moment, but having enough for a few prizes a year and that small chance of lots of money, could be worth doing instead of the lottery.
The NS&I website is:
http://www.nsandi.com/products/pb/rates.jsp ...
AndrewPo 15.07.2008
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: Easily understandable way to gamble without loss Disadvantages: No interest obtained on money set aside in this way
...never been attracted to the National Lottery or Lotto as we’re now encouraged to call it. I don’t like the hype. I don’t know enough about football to bother with the pools. Besides I don’t want the hassle of doing something each week for low odds of winning. I’m not superstitious about numbers. I’ve studied statistics. I haven’t got the nerve to go on “Who wants to be a millionaire?” with or without a coughing companion. But I do like the idea that ... ...on something special.
The National Savings and Investment (NS&I) website (formerly just National Savings) is a very well organized source of information, and I will not attempt to reproduce much of the detail here, but I did discover some interesting points on it. Apparently over 23 million of us had 19 billion bonds invested in May’s draw. So they’re as popular as the leading TV soaps. What is perhaps even more surprising is that the “Unclaimed ...
Discerna 05.05.2003 (27.05.2003)
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: Winning a varied amount of money Disadvantages: You need to invest a lot of money to guarantee consistent wins
...a winner by consulting the National Savings and Investments website where all you need to do is type in your holders number in the space provided and hit the enter key. Within a few seconds you will either be jumping with joy or wishing the following months draw would hurry up and come round.
I have held premium bonds for the majority of my life yet all I have to show for it is a fifty pound win when I was about five and what I had originally paid ... ...I know the only reason I have not won more is because I have not invested enough to win I'm not even close to quarter of the maximum holding. Therefore my money is held in these bonds earning no interest just sitting there never getting drawn while a lucky section of the population who have invested more are reaping the rewards. Occasionally a bond holder with very little in holdings bucks the trend and nets a few thousand.
In conclusion this is ...
K1r5ty21 13.09.2008
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: You don't lose your money Disadvantages: it doesn't earn interest
...to be cashed in to National Savings and Investments, Blackpool. Fairly quickly (this is the post office we are talking about, remember) you'll get your money..in the form of a cheque. Would I buy more? Yes, I would! NB!
The ratings don't really apply but I've tried to apply them as best I can. There isn't an APR..but the return rate is said to be better than interest from a buiding society currently, if you have a good sum invested. Customer service ...
ginger59 08.10.2003
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: can win money, can cash in and get original capital back Disadvantages: £100 minimum purchase
...Post Office or direct through National Savings. The minimum amount that you are allowed to purchase is £100 and the maximum that you are allowed to hold is £20,000.
How it works is this......
Each £1 unit has a number (so if you purchase the minimum of £100 then you will have a hundred seperate numbers). Each month a draw takes place and numbers are randomly chosen using ERNIE (Electronic Random Number Indicator Equipement). The top prize is £1 ... ...prize fund (similar to the national lottery), then the more bonds there are in the draw then the prizes there are on offer. The odds for each £1 bond winning are currently something like 20,000-1......slightly better than the lottery I think!
If you are lucky enough to be a winner, you will pleased to hear that all winnings are tax free. You will be notified by post so there is no need to check the winning numbers each month. You are given the choice ...
flossy 22.02.2001
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: Exempt from IncomeTax & Capital Gains. A good introduction for savings Disadvantages: 5 year period/Child doesn't get an 'actual' present
...'trustee', therefore attracting tax. With National savings, the bonds are in his name, with myself as the guardian and I can automatically re-invest for another 5 years.
Whilst there are other investments out there with maybe a higher return, Childrens Bonus Bonds can be bought by the relative/friend rather than giving the actual money to the parents to invest on their behalf.
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HOW ... ...actual Bond is issued by National Savings and is sent out within 28days.
The Bonds themselves are very easy to read and contain the following info :
Your customer/holder Number which is unique to yourselves and can be quoted on any further purchases/queries.
The Bond Number
Amount of Units Purchased e.g. 1
The Anniversary date and Value of Bond at that date (inc interest and bonus) FOR EXAMPLE ONLY
28th Dec 05 Value £26.87
28th Dec 06 £29.43
...
HotBabes 20.12.2004
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: £1 million jackpot, over 500,000 prizes per month, chance to win every month, prizes tax free Disadvantages: Must buy a minimum of £100 each time,each bond must be held for a month before it is entered continually
...sold under the operation of National Savings and Investments and offer 100% security because they are backed by the HM Treasury. A premium bond is a unit of £1, however, you must buy a minimum of a £100 at anyone time. Each unit is entered into a prize draw monthly, with each unit now holding a 1 in 30,000 chance of winning. PRIZE ALLOCATION:
Each month the draw is divided amongst the winning bonds as follows by the random number generator ERNIE, ... ...send cheque made payable to National Savings and Investments to:
Premium Bonds
National Savings & Investments
FREEPOST BJ2092
Blackpool
FY3 9XR
WHAT IF I WANT MY MONEY BACK:
You can go to your local post office and request a form to request to cash in your premium bonds, be warned this could take up to 15 days. PERSONAL RETURN:
Well I've only just invested in them, this opinion is for how my situation stands with premium bonds, ...
thekickinkat 17.10.2003
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
Advantages: could win up to £1million, can cash in at any time, secure Disadvantages: high minimum investment, no interest earned
...became interested in investing in National Savings products after learning about them in my financial studies, and with the recent drop in interest rates that have seen savings accounts become less worthwhile, a bit of diversification seemed reasonable.
===What is National Savings?===
National Savings is a government backed savings scheme. It's big selling point is that your money is guaranteed to be completely safe. This compares to only the first ... ...invest with national savings it is completely secure. This makes no odds to me, as I'm not lucky enough to have that sort of money anyway, but it's useful to know! They offer various savings products - fixed term certificates through to children's bonus bonds.
===What are Premium Bonds?===
Most people will have heard of premium bonds and talk of people 'winning on the premium bonds' This seems bizarre for a savings product! Basically, you invest ...
katherineh123 02.11.2009
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Ciao members have rated this review on average: very helpful Review of National Savings and Investments Premium Bonds
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