Sorry to reopen this thread but are Premium Bonds still worth it?
My mum has just found out that my Dad had 50k invested. We need Probate to either retrieve the money or reinvest it so I’m wondering if there is anywhere better to invest that sort of amount easily?
I think they’re worth it as interest rates are so low. Unless you’re willing to monitor stocks and shares, it’s hard to make your money work for you.
Thing is, £50k is the max you can have in premium bonds. I guess the only thing you’ll need to do is change where the winnings are going. I have mine reinvested but that’s not an option here.
Nothing this month…
Where else is better then premium bonds…starting to get bored and disillusioned with the lack luster winnings.
Note, happy to piss about and buy sell etc, been micro managing my pension for the past few years and that’s doing better than it was.
Define ‘better’ – investment is a balance of risk, return, access etc so are you looking for something with higher potential returns than PBs but higher risk, reliable returns but low risk, easy access to funds or long term investment?
Intrigued by this thread I dug out the details of a £5 premium bond my grandad bought me when I was 8 (1981). I lost the certificates years ago but registered online with the holders number and was slightly amazed that all the details are indeed still there and available. The site shows history of any unclaimed prizes or transactions. Sadly I have won £0 in the intervening 38 years and my investment value is still a heady £5.
My (notoriously lazy) 8 year old daughter however has won £50 twice in the last two years from the £50 that her own grandad gave her and seems to think that’s just the way the world works, (much to the disgust of her harder working brothers)!
Taking me to £175 since July based on a £20k investment. Way better than my savings account so far.
Stuck another £7k in just before the end of last month to increase next month’s chances even more. Quite enjoying this. Basically a cost and risk free lottery!
so far been working out for me, 25, 25,25 and then a 50. Which was a bit of a shock to say the least. So currently running about 1.5% fag packet calcs I think.
