Colin
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Registered: 4th Apr 02
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Well seeing ive sold my house and am about to come into a sizeable bit of released cash ive decided to max out my premium bonds holding for 3 draws.
If I stick the money in at the end of August then it has to stay in for 1 month before it qualifies, so thats £30k being entered into October, November and December draws.
Any guess as to what you think i'll get back??? Apparently the odd's for max investment suggest i'll get at avg 2 prizes a month.
I'll think i'll get £50 total for my trouble. Im just doing it out of interest really but how cool if I won a Million!! 
Anyway I thought there might be some interest in following this to see what happens.
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Colin
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Registered: 4th Apr 02
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Odds : The odds of winning are shown below. We calculate the number of prizes in each draw by dividing the total number of eligible Bond units by the odds.
For April 2009 36,000 : 1
http://www.nsandi.com/products/pb/rates.jsp
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Seany
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Registered: 13th Dec 06
Location: Dunfermline, Fife : Drives Astra cdti Sri
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dont know how these work. could you lose money? if not then whats the harm in trying.
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Colin
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Registered: 4th Apr 02
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100% safe and backed by HM Treasury.
You invest whatever you want and get one chance at a prize for eack pound you put in. So i'll get 30,000 pops at winning a month. I should win something, maybe just £50 though!!
Then when you want the cash back you give 8 days notice and its returned to your account, every penny 
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AndyKent
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Registered: 3rd Sep 05
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Worth I go I suppose, but if you get more than £100 you'll be bloody lucky!
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Colin
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Registered: 4th Apr 02
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Absolutelly will be luck if I get anything tbh. Theres circa 27 billion Bond numbers in circulation all with the same chance & i'll have 30,000 of them for 3 months.
More fun than having it sat in a bank account gaining 0.5% interest
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a_j_mair
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Registered: 23rd Jan 04
Location: Scotland
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i reckon £50 tops
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Conway563
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Registered: 7th Jun 06
Location: Yate, Bristol
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I had a load (nowhere near the amount you've put in) for 25 years and never won a penny
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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I reckon 75 quid!
25 a month for the 3 months.
Thats if its still min prize of 25 and not gone back to 50
Adult GiftsClick here to vist us
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Colin
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Registered: 4th Apr 02
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LOL probably not get much as said, however its better than leaving in a bank account.
Could always buy a 911 and sell it just before xmas....hope to get my cash back  naaaaw
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
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Step dad had 30k in them for nearly 2 years, and im pretty sure he has never had anything less than 50 a month!
also had a larger sum, only couple hundred i think
Adult GiftsClick here to vist us
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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You joke about buying a car and selling it in a few months but is there any cars in your budget that are going up in value? Risky tho I guess, not like you are talking a couple of hundred quid
[Edited on 10-08-2009 by Matty G]
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Colin
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Registered: 4th Apr 02
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Probably not Matt, who buys a sportscar in December anyway too risky
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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If you'd of put it in an account earning only 4% for the next 3 months you'd of earnt £500.
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Marc
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Registered: 11th Aug 02
Location: York
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I've had £1000 of bonds about 10 years. Never won once.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Marc
I've had £1000 of bonds about 10 years. Never won once.
Youd of also earned around £500 by now, thats even at a low rate of 4% which in the past you could of got much more than.
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Marc
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Registered: 11th Aug 02
Location: York
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Sods law would say the numbers would come up should I redeem them! they were all purchased for me so its not 1k out of my own pocket. Way I'm justifying them being there anyway 
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Colin
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Registered: 4th Apr 02
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quote:
Originally posted by Cosmo
If you'd of put it in an account earning only 4% for the next 3 months you'd of earnt £500.
That would be grand if there was such an account offering 4% which you dont have to leave it in over 12 months, there isnt any
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ash_corsa
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Registered: 15th Apr 04
Location: Shrewsbury
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Someone down the road from me won £100,000 on premium bonds, went out and bought an RS4!
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Colin
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Registered: 4th Apr 02
User status: Offline
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100k 
That would almost see me mortgage free
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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Some Nigerian banks are offering 12% interest
Have a look at this http://www.ibtc.com/portal/site/nigeria/menuitem.2792be962d90f70440ff36313367804c/?vgnextoid=3d7f423fbdae8110VgnVCM100000337608c4RCRD
Off-shore banking seems apt seeing as you are an off shore worker
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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Colin
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Registered: 4th Apr 02
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Not sure id feel safe using a nigerian bank tbh
Im just going to play the prem bonds see what happens
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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Racist
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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Ste
Premium Member
Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline
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Me neither
I'd just blow it on a fast car. Wouldn't the sensible option be to pay off your new mortgage with it as it would save you £30k in interest?
I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.
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Colin
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Registered: 4th Apr 02
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This is my deposit dude, hense not being able to do anything silly with it. I need it all to lay down on the table in december when my new house build is finished.
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