premium bonds

[oops!!!]

I've read on anotherv web site that ERNIE  is not throwing up random numbers!!! ernie somehow remembers combinations and keeps using them. that's why some ppl win more anhd others never win.

The engineers have put in, or are putting in a new computer.I've won a couple of times small amounts but not for ages.Mind you I havn't got thousands.One of the ppl on the other web site said thay have had �30k for years and never won a sausage

Have you heard anything about this with ERNIE ?

[spudqueen]

I've not heard anything, but I have had premium bonds for over 40 years and never won a thing!

[Alice]

Odds of winning, according to National Savings, is 24000 to 1. See http://www.nationalsavings.co.uk/products/pb/rates.jsp

I've had �5 worth of Premium bonds for over 40 years too without a win but as these odds are far superior to the National lottery I've begun to invest in premium bonds what I used to spend on lottery tickets!!

[Booldawg]

I put 30k in 3 months ago and have so far won 100,150 and 200 in the 3 months I've been in, so not sure if the 'remembered numbers' theory is true, as I am fairly new to the scheme.

From what I can make out, premium bonds are only really worthwhile if you are investing between 20-30k, anything less would be more worthwhile in an ISA or deposit account.

[chesky]

Your friend can't have had �30k 'for years' since the limit was only increased from �20k about 18 months ago.

[oops!!!]

ty Chesky for correcting me .... maybe it just feels like years when you've never won anything since 1956..check it out on www.thisismoney.co.uk  click message board  then search box then enter "Premium bonds2 in box.The results make very interesting reading....

[oops!!!]

The above should say...then enter "Premium bonds" in the search box.