Is It Worth Buying More Premium Bonds?

[rosyposy]

My daughter and I have 2,000 between us,which we have had for about five years, and I have a fixed rate savings account about to mature. We have won very little with the bonds, just a few £25's and one £50, but looking for somewhere to reinvest my savings account the rates are so abysmal I wonder about buying more bonds -any thoughts on this please? -rosy

[katburd]

Hi rosyposy, have a look at a you tube video with Quentin Wilson investing with storefirst.com.

[Sqad]

ALL interest rates are rubbish.

If you are looking for a bit of excitement each month without losing your capital, then Premium Bonds are just as good (or bad) as any other investments.

[Brinjal]

I have hardly had anything from bonus bonds but my brother has had lots like 10000. 5000. And other amounts . Just the luck of the draw but as previously said interest rates are rubbish.

[smurfchops]

I agree with brinjal. I very rarely win but know someone who gets two,or three wins every month, he gets annoyed if he gets a month without anything! At least you won't lose anything by getting bonds and you can take them out whenever you like, and any win is a bonus.

[rosyposy]

sorry but I accidently must have > best answer before I read the reply, think you might have posted on the wrong question katburd.(unless you meant I had to hide money in a storage container :0)
Thank you all for your replies, guess it is a case of 'nothing ventured, nothing gained' so I think I will buy some bonds -rosy

[Mass_Hysteria]

I have approx £11k in a BS account and they informed me that from November it was switching to 0.10% interest, when I spoke to them they offered 1.25% (inflation currently at 2.4%).
I think I will add to my £15k of premium bonds which is currently achieving approx 2.3% in winnings (TAX FREE)

[katburd]

rosyposy, no I did not suggest you hide your money in a storage container, you have misunderstood me. I asked you to watch a You tube video with Quentin Willson , investing your money in store pods, have a look here
http://www.storefirst.com/media/video/

[katburd]

investment in storefirst.com

http://www.youtube.com/watch?v=Ot8-BKWj6TQ

[rosyposy]

Sorry about that katburd, but I didn't get anything like that when I first tried your suggestion, much better link you posted now. It looks and sounds very interesting and something to think about. Thank you for setting me right-rosy

[katburd]

it's fine rosyposy, I did laugh at what you thought I had suggested, the video really sounds good , I'm thinking of going down that road too now.x

[Mass_Hysteria]

thanks for the link katburd, I will also follow this up.
mass

[katburd]

you're welcome Mass_Hysteria, and thank you.

[Old_Geezer]

It all depends on whether you want a stated return on your money or prefer a raffle instead. These days you get next to nothing for hiring your money out anyway so I suppose if you like raffles you may as well gamble the return you would have otherwise got on the draw now, than any other time. Mind you, I don't know if the lottery gives even better odds.

[ToraToraTora]

It's the luck of the draw but interest is jack anyway, you may get lucky and get a decent prize. I have a load and I do pretty well compared with interest.

[boxtops]

I Never won a bean with my premium bonds - but it's definitely worth considering, your capital is always here, and interest rates are rubbish at the moment.

[Ric.ror]

We'll until you decide what to do pop them in premium bonds
But don't expect to win the big prizes this month as it's got my name on ;-))