Crosswords0 min ago
Premium Bond Returns
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?
Answers
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
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.