Donate SIGN UP

Premium Bond Returns

Avatar Image
Hammer | 13:02 Tue 02nd Nov 2004 | Business & Finance
7 Answers
Anyone know the average return on premium bonds? I seem to remember reading somewhere that a person with 'average luck' would get a return of around 3% on the outlay. Anyone know what percentage of investments is paid back in prizes?
Gravatar

Answers

1 to 7 of 7rss feed

Best Answer

No best answer has yet been selected by Hammer. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Premium Bonds are effectively gilt-edged securities: you loan your money to the government and in return it pays you interest. Your capital is guaranteed to be returned at a specified date, and you can get your cash back within a fortnight at any time, with absolutely no risk. Where Premium Bonds differ from normal bonds, however, is that the interest payments - 2.15 per cent a year - are pooled and paid out as prize money to the winners of a monthly draw. http://www.channel4.com/4money/banking/guides/premium_bond_g uide_220903_page1.html

Currently 3.2%

http://www.nsandi.com/interest-rates/index.jsp

Question Author

Thank you both. I think Oneeyedvic's is probably correct as it comes from the official website.

 

Should have looked there myself ;-)

I think your probably right.....good answer, oneeyedvic
No problem, nice to be appreciated.

hope you have more luck than me I have had my bonds

for 14 years and never won a penny.still i would never cash them in as unlike the lottery you can get your money back.

Not sure they are really worth investing in.

I had a relative who had the full �30.000 for 2 years and only ever won the odd �50 and just once �100.

DD

1 to 7 of 7rss feed

Do you know the answer?

Premium Bond Returns

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.