Go Back   Forums @ The Digital Fix > Shopping and Money Forums > Finance Discussion Forum

Notices

Reply
 
Thread Tools Display Modes
Old 12-10-2018, 07:23   #481
cedge
PSN: cedge17, Xbox: cedge
 
Join Date: Mar 2001
Location: Dorset
Posts: 4,151
Thanks: 602
Thanked 24 Times in 20 Posts
The appeal of the windfall bond from my limited reading is that you get annual interest (currently 0.75%) as well as the potential for 'winning' tax free prizes (64 to 1 with the minimum prize being £1,000 and the max, £50,000). The investment is protected by the FSCS. Seems like it could be worth a punt .
__________________
"Listen! You smell something?"

My Flickr Page | My Twitter | PSN: cedge17, Xbox: cedge

Last edited by cedge; 12-10-2018 at 07:32.
cedge is offline   Reply With Quote
Old 12-10-2018, 09:30   #482
jockosjungle
formerly rbullivant
 
Join Date: Feb 2001
Location: Warrington
Posts: 21,358
Thanks: 275
Thanked 1,042 Times in 737 Posts
They also don't seem to be that popular so there is a decent chance nobody wins the prizes in any given month. Great if you win, but it's not really like premium bonds where there are so many prizes you are likely to get some prizes.

You could have £10k in there for 30 years and statistically win nothing.

I suppose in reality you're only gambling £75 a year, but I'd guess over a number of years probability wise you'd be better with the premium bonds. But if you're happy to lock your money away a bit longer you'd be getting better returns.
jockosjungle is offline   Reply With Quote
Thanked once by:
cedge (12-10-2018)
Reply

Bookmarks

Tags
Premium Bonds

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Premium Bonds Questions and Answers / Winners and Losers (Part 1) Guest 19461 Finance Discussion Forum 1021 04-04-2012 08:08
Premium Bonds! B0zza Bargain Forum 1 05-02-2010 00:17
Newbie HD-DVD and Blu-Ray Questions/Answers? Jez DVD and Blu-ray Discussion 2 14-12-2006 10:18

All times are GMT. The time now is 00:38.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright ©2000 - 2018 Poisonous Monkey Ltd. Part of The Digital Fix Network