Is a £2 premium bond from 1967 worth more than £2 today?

[KikiTiger]

Ive been to the site but cant find the answer

[NazNomad]

Nope, it's worth £2, unless you won a Million, then it'd be worth a Million.

[EcclesCake]

No, it's still worth £2.

[factor-fiction]

Yes. it's worth the same as one from 1950 or one from 2011

[NazNomad]

It's a 'Bond', it does what it says on the tin.

[smurfchops]

Cash it in and buy new ones. Newer ones are more likely to win, apparently.

[NazNomad]

,,, just add the other £98 and you're set.

[factor-fiction]

Of couse I meant no....

[KikiTiger]

Ok cheers.

[factor-fiction]

Why's that smurfchops? Have you a link for that?

[Invictas]

It's still worth £2.00 not more,and in real terms (as compared with £2.00 in 1967)it's probably worth about 20p!
I was earning about £10 in 1967 to give you a comparison.

[dzug2]

<<Cash it in and buy new ones. Newer ones are more likely to win, apparently>>

Urban myth - untrue.

[sandyRoe]

What sum now would be worth the same as that £2 was then?

[alexanderd]

sandy my salary at the time (RAF) was about £10 a week so £2 would be a fifth of that so waht is the average salary now?

[sandyRoe]

About £300? So that £2 was worth about £60.

[alexanderd]

I was just thinking I was newly married on £10 a week, lived fairly comfortably and managed to save!! Unbelievable or what?

[Invictas]

sandy,
Going by my & alexander's wages,yes you could be right.

[Whoever]

A £2 premium bond bought in 1967 is still worth £2 in today's money, but considering the effect of inflation over 45 years that £2 will buy considerably less today that it would have done in 1967.

[cathfromsaron]

no still £2 xx

[DTCwordfan]

Thank you, KikiTiger, for your generous donation to funding the United Kingdom over these past 44 years.

We are delighted to award you an OBE (Other Buqqer's Efforts) for your contribution to national wealth, or lack of it since that fool, Gordon B, was in office and sold all the family jewels.

Yours, D-Cameron, G-Osbourne and Vince (The Telegram) Cable.

[DTCwordfan]

Assuming an average of 10% interest on savings over the 44 years since your bond, and with the annual interest invested, the value of the £2 would now be £132-53p.