ไม่สามารถเล่นวิดีโอนี้
ขออภัยในความไม่สะดวก
Premium Bonds after a year: Were they worth it?
ฝัง
- เผยแพร่เมื่อ 31 ม.ค. 2022
- I've had £10,000 saved in Premium Bonds for 12 months, so it's time to see how well they did.
Did I win big? Did I win anything at all? And would I have been better keeping the cash in an easy access savings account?
W A T C H N E X T
Premium Bonds vs Savings
• Premium Bonds vs Savin...
Best savings for 2022
• Best Savings Accounts ...
#PremiumBonds #Savings #InterestRates
MORE
S U B S C R I B E / @becleverwithyourcash
N E W S L E T T E R - becleverwithyo...
(You'll also get a free Quidco bonus for signing up)
T W I T T E R - / andyclevercash
I N S T A G R A M - / andyclevercash
F A C E B O O K C O M M U N I T Y - / 2661970707423383
B L O G - becleverwithyo...
A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.
Just want the result? - Starts at 5:50
good man, thx
The biggest advantage I see to Premium Bonds, is that it puts your money "Just" out of spending range. If you need the money back you can get it quickly, but its far enough away that your not to tempted to spend it. Plus you can also win prizes.
Spot on - and it’s why I use it for my annual tax payment - I have to self certify and it’s a great place for storing this money out of sight. If I win a small prize on the way, it’s an added bonus.
Yeah this^.. I use it for my emergency funds.
Don't forget that as interest rates rise and fall so do the premium bond 'interest rates' which means your odds of winning something changes too. Ive had my bonds for a couple of years, i noticed a big drop off in winnings when they reduced the rate around a year ago and the odds changed. So if you start seeing savings accounts increase then chances are the base rate has increased and premium bond rates may well increase too. Cheers for the video.
I too decided to give premium bonds a go over the summer so I too have held £10K and so far I wave won 2x£25 and 1x100 so I am well pleased. Let’s hope my luck continues.
That’s great! So in just six months you’re on £150! Boom!
BoE just said inflation for this year is minimum 8%, how does that make you feel, having so much money losing value?
@@BeCleverWithYourCash hello andy please could you help me, my mum has a 1 pound premium bond, from 1939 thats never been checked,she has asked me to check it,all we have is a little old certificate with a number on, when i try to check on nsi website it says i cant do it with the bond number, please can you tell me how i can check a old paper bond?
What would happen if you didn’t win anything??? Would you loose any money I am slightly confused ?
@@dmonleon24 you also have to look at your own inflation figure. As I don't drive to work and live in a modern energy efficient home my inflation figure is much lower percent than the headline which is a standardised basket of goods.
I track both my and my wife’s Premium Bonds and have done over a number of years. Usually sits at about the 1.40 to 1.41% return _and_ there’s a chance of winning something big. Not a big chance, but a bigger chance than in the bank 🙂
That's exactly what I found
The rate has only just gone up to 2.2% - might be better to put your money in a savings account with a 4% rate and then invest the interest in Premium Bonds.
Halifax puts you in a prize draw if you invest 5k in savings. Do a chance of a reasonable win as well as interest on your savings.
Premium bonds are a decent option to keep easily accessible funds but a stock & shares ISA diversirly invested in products such as index funds is much better for long term growth.
I have had maximum holdings for years; get an average return of 2.5% ; less than inflation but better that easy access interest, with the slim chance of winning a big prize.
The largest single prize I’ve won is £100 and the most in one month is 6 x £25 bonds. I’ve been invested for just over a year and have only failed to win twice.
How much do you have in them?
If you don’t mind me asking?
My grandmother bought me premium bonds when I was a baby now 68 YRS LATER I havn't won a penny. £500 in 1955 was quite a sum .If I cash them in I get £500 in 2023 is worth NOTHING. A very bad investment indeed
Imagine if she had bought a FTSE index fund or ETF?🤔
buy 25 pounds a month
i saw some people with 3 i wiin some times i b ut 100 pounds every month00 and less win 100 thousand this month top your bonds up buy 25 pounds every month
Bear in mind that every individual £1 premium bond you hold is entered into the monthly draw, so the greater the number of premium bonds you hold, the more chances you have to win.
It’s also worth mention that the easy access interest rate may attract tax, whereas the premium bond win won’t.
yes good point
I've said that
I'm planning to switch to bonds. I have only been doing ¢rypto but I believe bonds have way less volatility. I don't get so much from the videos online🤦♀🤦♀. I'll need some guidance
Volatility is where the money is. why would you want to switch to bonds? You are probably doing something wrong. Since 4 years I started I've been able to complete my mortgage, and buy my dream car. Though I did it with the help of Debra Pace.
Your best bet should be considering getting an expert... If you are trying to learn to do things yourself you'll end up making mistakes.
Lol. There are people that are making a lot of money from either of them. "Switching" won't do a lot, Fella.
@@Meme4everm What does it take to work with this Debra? I would need her assistance
Jenine is a really good💯. My gain last month was about $29k. They are actually planning on adding DeFi protocols and facilitators like staking, lending etc. That will be a game changer and I can't wait for that to happen💵
I’ve got around £7k for less than a year and I’ve managed to get 2 x cheques of £25.00 and £50.00 once .
in the ‘old’ days, last century, you use to have to wait 3 months before being entered into the draws.. 🤔
My wife and I both have the full amount allowed £50k one of us will win something most months.
They are drawn on the second working day each month, and is something to look forward to.
Another reasonably investment worth looking at are the Government Bonds. You can't touch the money
for three years once invested, but it does give a fair rate of interest.
Curious why you're leaving 100k in Premium Bonds at 1.4% when a decent index fund will reward ~9% per year?
The video was about premium bonds.
@@LEWIS1992 it is personal preference. Their money is 100% safe in premium bonds whereas there are risks involved with investing in the stock market…Although with the stock market you can reduce your level of risk it still comes down to your personal risk tolerance and some people will find a level of stress with stock market and prefer to just be 100% safe and enjoy the chance of winning something. We are all aware that 9% sounds like a no brainer but there are many other considerations that people think about. Not everyone cares about what is going to likely generate more money :)
Don't forget .
You can't take that 100 grand with you when you die
Just make sure your having a great time alive and having lots and lots of holidays abroad , eating out and sight seeing as your a long time dead
My dad had prem bonds for decades. Never won anything. 🤨
What is interesting is that he ignores your comment. Meaning there's nothing to say I guess
As a child i had a savings acouunt opened by my parents that had 10/- in it. That savings book has long since been lost; I wonder just how much money the Government has in such lost or forgotten savings accounts, especially Premium Bonds; it must run into billions.
The account can be found quite easily by contacting them.
With inflation at 5.4% your £10,000 now has the buying power of £9460. You won £100 so you’re only down £440.
Poor maths there.
Hes not comparing bonds to inflation, it's the comparison to interest in savings accounts. With the current low interest rates inflation is having the same effect on savings too.
I bought £5000 worth 3yrs ago and after 2months I won £1000, probably a million to one chance. The odd £25 every three or four months is what I get now.
Nice video. I have the full amount and my average return is 1.18% per year
Can't put my money in bonds, very low interest rate with inflation affecting it too. For £50k not even up to 1%. For me I don't think it's worth it, I prefer investing in a place that will get reasonable returns.
I’m currently building my finance and increasing my portfolio in the mean time with other source.
That's actually not good. I got some key points from what you said, being in control of your finance and emotions plays a big role in gaining financial freedom and as one who’s aspiring for such freedom you need know the basics and core methods that’s been applied. Government bonds too are not worth.
Investing in other sources requires risk. Besides not everybody is ready to take risk or to handle losses.
I recently started a little business of my own and I would love to take it to next level having a solid background on my finance, I need ideas on what investments to make any help is appreciated.
@@ceejay5692 I’m more conversant with forex and stock market, and it really helps in growing my portfolio with little guidance .
@@jaanikateider5639 have you considered making researches on what investments are best for you? or you could look into investing in different commodities like stocks, forex, digital coins, ETF’s and many more. I would I advise you seek an expert’s consultation before deciding on what market to venture into. having this field of finance to be a more complex one
I cant remember when, but there was an experiment carried out using twins, one was considered lucky, the other was not. They were each given a pretty large amount of premium bonds to the same value. Over a period of time maybe a year minimum the unlucky one won virtually nothing. The other won a lot of money on many occasions - many thousands of pounds
Not long after starting bonds i won a £500.00 so by the end of the year I was at about £1000, normally ranges between £0 and £75.00 on average.
there are some good interest rates out there right now 5 to 6 %.
much better than premium bonds , even allowing for tax for most people
When I was saving the deposit for my home I tried the premium bonds. It took me two years to save £50K deposit all of which I saved in premium bonds. I didn't win a single penny.
Me neither! Absolutely waste of time!!!! 😠
@@EtonieE25 Its not a waste of time its luck
You saved 50k in 2 years? Between you and your wife? Other wise you must have been putting away 2k a month................
I’m all here for premium bonds. I won 5x25 in 2021 and 1x25 today so far for 2022! I’m thinking about pulling a chunk out and reinvesting for fresher odds lol
Good wins!
I know it feels like newer bonds win more, but in reality it's all random
@@BeCleverWithYourCash Back sixty odd years ago my Grandad bought me £10 worth. I've a feeling they fell down the back of Ernie and are the dusty ancestral home of generations of extremely mean money spiders.
Lots of people have said after a year the prizes fade away . They drew thier money out then reinvested it again and the pattern followed the regular small wins for the first year. It seems that they make sure that new investors are rewarded with a little peice of the carrot. Securing their interest . The one thing we all learn in life is the value of money from the hard work that we all have to do to earn it.
8 minute video could have been condensed into two.
I like how you explain what a years is. I've struggled with this for decades.
Thing is. What I've potentially learned of your video is, that the more you invest, or put in the more chances of getting the popular £25 prize. Not many of us have £10.000 plus to invest. Still, if the interest within an average year is better than the bank ISA, then why not take your chances. A little is better than nothing.
5 years ago I did an experiment to see if you had potential to win more time depending on the size invested in premium bonds at each transition up to the max allowed considering every bond has an equal chance of winning. These were the results, plus the total amount worked out at less than % prize pot offered.
Pot 1 - Amount £5000 - 24 Mths in draw - 1 Win (£25)
Pot 2 - Amount £9000 - 23 Mths in draw - 4 Wins (all £25)
Pot 3 - Amount £13000 - 23 Mths in draw - 5 Wins (all £25)
Pot 4 - Amount £13000 - 23 Mths in draw - 10 Wins (all £25)
Pot 5 - Amount £10000 - 18 Mths in draw - 4 Wins (all £25)
We'd just started discussing whether this was a good place to put our emergency fund (only currently getting 0.6%) so interesting to hear your take on them.
Personally I’m happy to take a risk as the return on the savings is so low, but that could change it rates improve
I invested 10k into a property which rose significantly In price and did the work myself on the property. Made 80k profit
This video is about Premium Bonds
Thanks for this. I’ve been buying PB for approximately 50 years plus, I’ve won many times. In the last year I’ve won five times some months two prizes. I always buy the very last day of the month so they enter a month later. It is my savings so I can with draw and receive the money within two weeks.
PBs is a raffle with over 120 billion tickets entered, you do the odds of winning big.
Can you explain Holding vs Bond Value? When I am looking at the table of winners, there are these 2 columns and I cannot understand what each is for.
holding is how many bonds you have value means if you buy 100 pound bond you win in that 100 pounds thats what it was value at
I INVESTED £20,000 pounds last year in premium bonds after 11 draws won £200
I bought £100 of premium bonds 20 years ago ..........won £25 so far! Does anyone know if they have increased in value maybe? I know it's only pennies but just curious.
No, they’re forever worth £1 each
It’s also worth noting that the wins on the Premium Bonds are also completely tax free. For me they have been a great investment over the past 3 years.
Great investment, with inflation at 7%.
You could take into account that your interest in your savings account is added monthly so your getting interest on that, likewise any prizes should ideally be invested as more bonds which increases your win %. I have the full £50k invested and currently win on average 1 prize a month (£25) although i did win 6 lots of £25 in August last year. I do ok on the whole and its instant access.
My thoughts aswell. Andy doesn't say whether his wins were re-invested as bonds which any further wins would count. A shame Andy you didn't say how much extra you put in after the 6 months as those wins could've been used as a comparison.
There is a theory i know of where wins come when bonds are new so renewing old bonds would be profitable. Ofcourse this is conspiracy theory. We all know Ernie is random
I have 50k in and I’ve had them for 2 years and I have won £550 each year.
I used my 10K to buy a watch - I was guided by my local jeweller who suggested that in a year I could see an increase between 5 and 8% on that investment and get to wear a lovely watch in the meantime. Not a month later he asked if I wanted to sell it for £800 more than I paid for it. I was over the moon, so sold and reinvested in another watch. Now I know some of that was down to getting the right watch and the jeweller having a specific buyer for the watch I’d bought, but having seen the journey of the specific brand of watch and their year on year growth, I’ll not be investing in premium bonds again.
I'd be scared to wear a £10k watch!
@@BeCleverWithYourCash Yes, some places it would very quickly be cut from your wrist by someone on a small motor bike
@@keancv part and parcel of big city life
I've spent £35k on three Rolexes, as not only will they slowly increase in value over the years ( I don't take notice of Rolex bubble) but i can wear a fantastic watch that will be passed down to my son if, God willing, I don't need cash it in
@@BeCleverWithYourCash I wouldn't mind owning a watch like that even to have at home
My mother has the full amount allowable invested and has done for well over 5 years, before they changed the rate of wins she was getting an average 2 x £25 per month with the occassional 3 or 4 monthly wins. In the past 12 / 18 months she's lucky to get one win every two months. Seems a big difference in the win rate. Buying in big batches seems to increase the chance of wins.
The draws really are random, so batches don't really make a difference, except that you're buying a lot so there are more chances of winning.
Premium Bonds are utterly USELESS ! ... I have had £1000 in bonds for about 7 years and won NOTHING whatsoever. I actually wrote to NSI to ask if my bonds were still in the draw. If you've been ripped off like me I suggest cashing in the bonds and buying shares, or even buying bonds again if you wish to play super safe but you will have new fresh numbers inside the draw system..
Didn’t realise they had changed win rate, was doing quite well, probably only had 2 x £25 since last summer also have full amount, thinking might be better else where
@@timeparty718 premium bonds are for people with an actual considerable savings amount. £1000 is practically pennies. Wait till you have £20000 savings and you easily win every month with low/average luck. It is accumulative, your odds of winning goes up the more money you have in. You should have done more research.
That matches what I found. Over 10yrs they don't win, new ones do. Out of small blocks and larger blocks bought at the same time, the larger blocks won.
Definitely more to this random business!
The best savings account I’ve got. My winnings, which I re invest out performs any of my other savings accounts I have. Only £25 winnings each time but seem to win more times a year than not. 7 lots of £25 last year.
Being so happy to get 1% returns on £10k is to my mind very odd, as every year passes the chances of winning have reduced with PB. I'm sure those that have £10k to invest would do much better elsewhere, comparing PB to easy access ccounts is somewhat dubious in any case, how many people who have £10k to invest would need easy access to it, not many I would think.
What were the 1 year fixed rates at the end of Feb 2021, 1.1-1.2%?
£10k for conservative investorts you'd be better off with a split of 1-2 year fixed rate and low risk/low return stocks and shares ISA.
Myself, I bought £10k of postage stamps from a wholesaler who purchases new postage stamps from closed shops and the like. I bought 1st class @ 47p 4 years ago and the value is currently £18k. Even if I had purchased them at full value they'd be worth £13k, easy to offload in bulk at a sizeable profit
Not so sure on stamps with the changes coming to barcodes, does it close this avenue of investment and resale ?
@@damianthomson6402 It will need a bit of thought for existing stamps. I believe you have until 31st Jan 2023 when the stamps will become invalid. You can trade in those stamps for new ones at the post office between 31 March 2022 and 31 March 2023. I have no idea whether barcoded stamps will have a 'use by date' though.
Had mine 2 years and had nothing. I'm cashing back out and putting it on the stock market in high dividend stock paying 11%. I'll be better off.
Likewise, I put an initial £10,000 in and won £200 in the first year. Significantly more than in a bank. I have subsequently won more than I would have got in interest from a bank.
I'm a bit confused by this because I've had money in a Monzo instant access savings pot (I put 12k in) and I've made £450 in ten months. This seems like a more viable option.
Well done. But 1% still doesn't keep up with inflation.
I have £10k in these, in the last 2 years i've won £75 but its the chance of winning big that keeps me there
Bought Premium Bonds years ago as a pie in the sky venture as the interest rate from the banks was a joke!
Used to get regular wins, but once they halved the payout amount they gradually dropped and with the current situation in the UK they have virtually stopped. Not what they used to be and with the current situation in the world I would spend and enjoy your money.
Totally agree plus would you trust this government with your money when you could not trust them with your health or your border....
I had £10k worth of Premium Bonds for a year. Winnings? £0. Absolutely nothing. Based on my experience, I wouldn't bother.
Last year was crazy, £950 with half the maximum holding.
£50 in January and £200 in March, so off to a good start.
thanks doing the same buying at end of month bought £800 in march won £50 in june £100 July same bond so yes overall £300 up so far so yes it works cheers
Everyone says it’s rubbish but my mum gets a pretty good return on it companies to savers and low risk shares.
You also have the fun and anticipation value of premium bonds .
Not only up on a savings account, but a chance of winning big time. Also PBs are tax free.
Premium bonds are free of tax, cash interest isn't if it is above the interest threshold. Always compare after-tax returns
They sent me £50 last week, which I should have had October 2000, better late than never.
I've had Premium Bonds for approx 40 Years and Never won a penny!
Stock market bumper dividend stock would have made you an awful lot of money over 40 years
How many do you have ? Either my wife or I get something every month.
I want to be more clear on this topic. If I need money Can I exchange them? From where?
My sister sent me a message saying she remembered grandfather buying is all premium Bonds back in the 70s anyway she's looked into it and they are sending her paperwork out and if we grandchildren have got in the bonds it's going to be interesting
Hmmm, I was on the fence, now thinking that £10,000 would be better invested in a dividend stock that might pay £800+
I’ve still got £5 of bonds that I’ve had since 1981 when I was born. Never won anything in 40 years.....
Shame it wasn't put in the stock market in stocks and shares, that would be a pretty penny now.
I had 50k in and on average just won 25quid a month, put 20k in Shell and made £10000 plus £200+ divided 4 times a year
Exactly. Try British American Tobacco or Imperial Brands....bumper. I'm cashing out of premium bonds I've had nothing.
@@Elizabeth-jd3mn yes a friend recommended BAT
Depends on whether you're a bit of a gambler. Premium bonds are certain to be there when you need them. With stocks you could have just as easily lost 10k if the market went south. I've had some mixed results with stocks, but as with any gambling, people only brag about the big wins.
@@noggintube I think with 7 percent inflation and a fraction of one percent interest premium bonds are going to be a loss so no gamble in that just a certainty.
@@bakeredwards if you're that good that trading in stocks is a certainty I expect you'll be a very wealthy man, so good for you 👍
I have had the full £50 k since July draw and so far in 7 draws I have won every month totalling £1700.
Congrats, you’ve managed a real return of -4.5%
Andy, i have some inheritance coming in. Are premium bonds the best option ? I am retired, i do not want to risk, stocks or precious metals. Your point about easy access savings is what i have found. I checked with my bank, and on the QT, the bank advisor actually put me onto PB, which is how i came to your channel. The amount will be around £30k, should i invest all of that on PB, is there any risk ?
Growing up in the 80s and 90s used to win regularly £100 £500 sometimes a£1000 , only £25 these days
Most people are better off just overpaying their mortgage…. If you’re still on a very low rate then it will exceed the interest you currently have and if you’re coming to the end of your fixed rate, it’s better to chip away at your loan. I’ve got £50k in my premium bonds as it’s liquid and I win an average of 4 x25 per month I’d say.
The NS& I do say that if you have 50k invested they virtually guarantee you should win £400 a year minimum . Personally i can confirm this over the last 2 years with 40k invested .
The less than average. Think the equivalent % rate is 1% so with 50K you should win £500 a year.
£400 from a £50k investment is shocking, in fact it's worth less than you invested given inflation!
@@ynotnilknarf39 It should be on average £500p.a. as they pay circa 1% at the current time.
@@ynotnilknarf39 Premium bonds are not an investment .
@@monty6545 they are to some people
Since the max is £50K in bonds per person and in theory each bond has equal chance of winning yet for some random reason it seems the odds of winning increase the more bonds a person holds then do you think in the case of a couple whereby any wins from bonds are going into a joint account there is equal chance of winning if each person holds £25K of bonds compared to just one person in the couple holding the whole £50K of bonds?
Just think of it as every £1 being an individual ticket into a prize draw. It doesn’t matter where your 50,000 tickets are. The chances of the number on your £1 bond being selected are the same.
Me and my siblings have owned premium bonds since 1961 and haven’t won anything
You've probably only got a handful, and sadly you need larger sums (perhaps at least £5,000) for any decent prizes to be generated.
I get 12% every year on a JVP bond!
I've got the maximum amount invested which gives me frequent prizes but all small. Better than the national lottery though if you ask me. I get £200 or 300 a year in prizes. Miserly of course but at least the capital is safe, inflation permitting.
Added to the fact that you can cash in as many bonds as and when you like.
People always win when they first deposit into premium bonds.
It's to encourage you to keep your money invested with nsandi.
That's not how it works
Did you buy £10,000 at once with all consecutive numbers or spread through several applications to vary the numbers? And would that make any difference to frequency of wins?
When I was born my grandfather kindly put £1000 into premium bonds for me. I guess premium bonds were a new thing and he figured the tax free winnings might just be worth it. In my mid 30's I eventually sold the premium bonds. I'd "won" almost nothing over the years (about £100) and I received the £1000 back as a lump sum. That £1000 in 1963 should of been worth about £10K with inflation etc. Maybe I was just unlucky but I'd say you'd have to be insane to put money into premium bonds.
You were extremely unlucky as everyone I know who has them gets prizes throughout the year, maybe someone was pinching your prizes
On my last draw I had 25,25,25 and 100 on my 50k
@DONT be offended on my behalf 3% now
@@matchmasters...solochallenge 3.3% now just won £275 on my 50k first draw
" but I'd say you'd have to be insane to put money into premium bonds." My mum just won 50 thousand pounds after only 2 years lol. As long as you don't put all your life savings there a good buy, it's playing the lottery without the risk.
I've had my premium bonds for over 40years and never had a win.
Unlucky. Are you sure they have your current address?
I’ve just found that I made 25 pound in 15 years
Personally, I see premium bonds as a waste of money. You would've got better returns in low risk, low returns, bonds in the same period. Good content though and interesting to hear a real life example
Or British American Tobacco at 11% on the stock market.
It's a balance between the certainty that the invested value can't depreciate, and the hope for the big return.
Treat it as eggs in baskets. Also, the random draw nature means that for only £10k you need about 5 years to be sure that the averages do even out (i.e. a solid number of wins!).
I won £10000 in June
My Dad done £2000 of premium bonds and had them about 8 months he got two 25 pounds
yeh i generaly win £50-100 each year on my bonds, savings accounts are a waste of time at the moment. I just re-invest it automatically into more bonds each time i win.
Back in July 2020 I put £10k into premium bonds. Won £25 in the first draw and then didn’t win anything again until January 2022 which was only £25 again.
That’s the danger, you could win very little
I don’t think you could have dragged this out any longer!
I've averaged just over 1.5%, so I'm happy.
Andy please could you help me with this previous question ...
Hi Andy, new to all this, please could you give me a little advice. I have a basic current account ( halifax) for my day to day withdrawing money etc. Fancy trying this so which new current account should I open first to get the ball rolling, also then do I open 2 direct debits
( thinking of charity bank and ecology building society) as I do not pay any bills by direct debit .then am I right I then set up a switching account and I move this new current account to the new deal, once that has paid out the moving fee I move that account to another new one or am I suppose to have a few 'starter accounts' I noticed a TSB account needed to use debit card 30 times in the month. Is this for say food shopping ( would there be a minimum amount each time or could I just spend £1 each time.
... Also is it worth changing my halifax to the next level up where I have to have £5000 in to get £5 a month back (or is it only £2 a month back). Thanks for your help. ( sorry for all the questions)
So you won a further £75 in less than 6 months from your second deposit, how much did you put in a second time if you don't mind? Sounds like you got better luck from the second batch
I got £75 from one draw but then again i had £30.000 in just two months
not a bad haul really. Can't remember if you said you put it all in one lump sum or in batches.
@@JMW80 thanks. re watched an earlier one after this and found out :)
One lump sum
Thanks to inflation you are getting a negative real interest rate whether you invest in bonds or savings accounts.
Great video. I have bonds and I'm very happy with the amounts I have won in the 12 months I've had them. Please tell me where you got your hexagonal shelves. I love them and I want some.
They’re from Made.com, though they went bust. next now have the brand but don’t think they sell these anymore
I’ve won every month so far and won £1400 this year but have £49000 invested
My return over the last 5 years or so ha been near 2% most years. Guess I'm lucky. I even won £1000 one month last year
Great return! (In the context of Premium
bonds!). Though the rate did reduce in December 2020 so it’s likely you’ll have got less the last 14 months or so
So you lost 8% to inflation. They are going to have to increase the win pool from the current average level which I think is 1%.
Hi, in your opnion - what would you recommend if the sum being invested around 70k? (I cant put it into land/property/assets as i need access to it immediatley when the time comes)
Nov23 now - can get 4% interest on my bank so I assume I should stay away from this?
I get about a 1% return on my bonds and reinvest my prizes. Hopefully the prize fund will increase with interest rates picking up a little.
thanks for the video man! Me and another friend invested in premium bonds because of you! Would you ever do a video on the global all cap vs the ls100?
Hope it helps! Just remember there's no guarantee of winning and smaller amounts probably won't.
I don't cover investing so probably not, but you never know ...perhaps one day!
@@BeCleverWithYourCash I know but I used the calculator and looks like it still has a realistic chance to beat what I could get in savings
I had £10,000 for 7 years and had 37p in prizes, big mistake.
Hi Andy , am pleased I stumbled on your channel. How can one buy premium bond .?
Easy, just go online and follow the instructions.
I don't know if I am lucky or what. Ever since I start reinvesting and buying £200 premium bonds every month, I win a £25 or £50 prize several times a year. For 2022, I won in March, May, June and July a total of £175. Just wondering if I should invest the maximum amount and keep less in savings.
I like the app but they should show you your current balance. Why don't they..... Is it because people would be more likely to take it out? 🤔