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Author Premium bonds?
Melville
Member

Registered: 4th Jun 03
Location: Newcastle upon Tyne
User status: Offline
12th Jan 06 at 20:30   View User's Profile U2U Member Reply With Quote

Anyone got any? I was thinking of putting a few quid on some. Sounds a bit like the rich mans lottery with the guarentee that you will get your capital back.
L33 LEG
Banned

Registered: 6th Jan 03
Location: Blackburn . Drove: Dimma Saxo VTR
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12th Jan 06 at 20:32   View User's Profile U2U Member Reply With Quote

ul be surprised how many £50 cheques u recieve thru the post
corsa.in.boro
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Registered: 30th Aug 02
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12th Jan 06 at 20:33   View User's Profile U2U Member Reply With Quote

ive thought the same mate, will the capital grow??
Kyle T
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Registered: 11th Sep 04
Location: Selby, North Yorkshire
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12th Jan 06 at 20:34   View Garage View User's Profile U2U Member Reply With Quote

Yea, I had 600 quid in, but then bought a car, so withdrew em'.

Ill put some in again when ive financially recovered,


Lotus Elise 111R

Impreza WRX STi
Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
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12th Jan 06 at 20:41   View User's Profile U2U Member Reply With Quote

I think the capital grows based on the RPI. Well technically not the RPI as that is based on house prices but I cant remember the other index that they use.
Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
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12th Jan 06 at 20:42   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Kyle T
Yea, I had 600 quid in, but then bought a car, so withdrew em'.

Ill put some in again when ive financially recovered,


Is it easy enough to withdraw the money? It said you just have to write in. I cant see me needing the money for a while but you never know.
Jodi_the_g
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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline
12th Jan 06 at 20:45   View User's Profile U2U Member Reply With Quote

I put all my money that i save for my tax bill into Premium bonds, as it was not worth putting it in a high interst account as the money was taken out each year.

Growth is not that great but you do not lose anything and you are entered into a sort of raffle with each bond so techincally can earn alot from them if you are lucky.
Kyle T
Premium Member

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Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
12th Jan 06 at 20:47   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Melville
quote:
Originally posted by Kyle T
Yea, I had 600 quid in, but then bought a car, so withdrew em'.

Ill put some in again when ive financially recovered,


Is it easy enough to withdraw the money? It said you just have to write in. I cant see me needing the money for a while but you never know.


I phoned em and got it sorted


Lotus Elise 111R

Impreza WRX STi
mav
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Registered: 19th Jun 01
Location: Scotland
User status: Offline
12th Jan 06 at 21:02   View User's Profile U2U Member Reply With Quote

my missus has premium bonds, won nothing, don't know how many though...
Doug
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Registered: 8th Oct 03
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12th Jan 06 at 21:05   View User's Profile U2U Member Reply With Quote

i have £30k which is the maximum ammount invested in premium bonds. Get a few cheques each month which is nice

It gets more return than many high intrest accounts and there is always the chance of a big money win
Karen
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Registered: 9th Jul 03
Location: Edinburgh
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12th Jan 06 at 21:18   View User's Profile U2U Member Reply With Quote

Is there not a minimum u have to get?
If you get a cheque thru I take it u can just put it in your normal bank account?
Melville
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Registered: 4th Jun 03
Location: Newcastle upon Tyne
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12th Jan 06 at 21:21   View User's Profile U2U Member Reply With Quote

£100 is the minimum but considering there is £7 billion invested, the odds of your number getting picked is pretty slim odds.
modification
Member

Registered: 27th Dec 02
Location: Greater Manchester
User status: Offline
13th Jan 06 at 17:48   View User's Profile U2U Member Reply With Quote

where do you get your bonds from
modification
Member

Registered: 27th Dec 02
Location: Greater Manchester
User status: Offline
13th Jan 06 at 17:49   View User's Profile U2U Member Reply With Quote

and how much is best to put in them
Karen
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Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
13th Jan 06 at 17:58   View User's Profile U2U Member Reply With Quote

Post office should have a form u can fill out
Put as much as u want in them
Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
User status: Offline
13th Jan 06 at 18:01   View User's Profile U2U Member Reply With Quote

You can buy premium bonds on the internet. Do a google search
modification
Member

Registered: 27th Dec 02
Location: Greater Manchester
User status: Offline
13th Jan 06 at 18:06   View User's Profile U2U Member Reply With Quote

http://www.nsandi.com/products/pb/applynow.jsp
J da Silva
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Registered: 10th Apr 03
Location: The FACTory
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13th Jan 06 at 19:19   View User's Profile U2U Member Reply With Quote

I have a large amount in PB's the more you put in the bigger percentage you tend to to get out.
Karen
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Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
13th Jan 06 at 19:32   View User's Profile U2U Member Reply With Quote

Is it like a savings account in a way? Do u earn interest on it even if u dont win
Tony Lockhart
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Registered: 18th May 00
Location: Essex
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13th Jan 06 at 20:06   View User's Profile U2U Member Reply With Quote

No, you don't earn interest at all. However, with interest rates as they are (very low) it's worth the risk.
As for "How much is best to put in?".... Well, if you're gonna do them, as much as you can afford. You can even set up a direct debit monthly payment to increase them. Before you know it you'll have a few grand in there. Good fun every month waiting for the £50 cheques!

Tony
Karen
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Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
13th Jan 06 at 20:23   View User's Profile U2U Member Reply With Quote

So u think these or an ISA is better?

 
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