Premium Bond Diary

John Smith · 2004-07-04T11:44:10+00:00

At the end of November 2003 I invested my 30,000 savings - mortgage deposist - in Premium Bonds. My aim being to see if I could get a better 'return' from the Bonds than from the interest I was receiving from my building society. Buying the Bonds in November meant that I was eligible for draws from January 1st 2004. Winnings so far: January 2004 1 x 50 cheque February 2004 1 x 50 cheque March 2004 3 x 50 cheques (150) April 2004 1 x 50 cheque May 2004 - NOTHING, NOT A JOT June 2004 - NOTHING, NOT A JOT J.

Jul 04, 2004 22 Replies

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Ronald Raygun 22 years ago

You get your stake back even if you do, don't you? I mean, each bond which wins doesn't then die, does it? It stays in the pool.

But it's nice for marketing to be able to give a "money-back guarantee" that you *will* win.

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John Smith 22 years ago

Yes, and if you go through the list of the people winning 5K or more a month you will often find the vast majority have significant amount of money 'invested' in the bonds.

Also, and this is perhaps a sign of where the wealth in the UK is, the South East seems to dominate with Surrey appearing, at a glance, to produce the most winners. There are parts of the country that can go months without anyone seeming to win a 'decent' prize.

I suppose it is a bit like the competitions in the Daily Mail where the winners nearly always seem to come from Surrey, Berkshire or some other South East county - odd that! :-)))

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john boyle 22 years ago

Thats the point!

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