Premium bonds have come under fire from various groups. This government plan to give a saving opportunity to the common man allows people to buy premium bonds for a chance to win a fifty to a million pound cash prize. Unlike American lotteries, the money that you invest to buy the bonds can be used again and again during the monthly drawings. The bonds you invest in, the more you have a chance to win. The can buy up to thirty thousand premium bonds in your lifetime and the cash winnings can add up nicely if you are consistent.

Some religious groups find this is a way to gamble. Most protestant worshippers think that lottery or any other money for chance activities is prohibited by the Bible. What they do not know that you can’t lose money in the premium bond market, you only invest. If you win a cash prize fine, otherwise you can take your money and cash in the bonds with no penalty. The cash prize just adds the element of gambling to savings with the chance that you will forfeit your original investment. The random picking of the bond numbers is just making the activity fairer to all investors.

In the Bible there is no direct instruction not to gamble. In the Ten Commandments, thou shall not covet, is mentioned, but this could be interpreted as coveting another man’s wife or property.  The idea that money is coveted could be listed with the seven deadly sins of greed, but is the hope for a brighter future a sin. Premium bonds offer the saver a safe place for their money and a hope for money. There is nothing malicious about it. Even some of the money used by the government who sponsors the premium bonds goes to charitable organizations.

Even if it is not religiously oriented, there is a strong moral objection to gambling. There are some people that go over board when they are at a casino or playing the lottery, but premium bonds do not let you do that. You are not going to lose money. The money you put in will be able to be collected back anytime you want.  The winnings are an interest given out randomly with no chance of your losing the investment. It is not gambling. It is a different way to accrue your interest in a exciting way. Why get the meager interest rates offered by the traditional financial savings plan?  You have the chance of making thousand percents on your original money.

If you are now swayed from your belief that premium bonds are a system of gambling, you can purchase the bonds at your local post office and start a savings account that could make you a rich person. Even if you don’t become another Bill Gates you might get a couple of cash prizes that will be more than the three to four percent interest you receive in the traditional savings programs.

Click here for premium bond checker.

Technorati Tags: check, i bond rate, premium bonds numbers, series e bond, unclaimed prizes, winners

Premium bonds are a great way to invest for your future. Not only do you get the chance to store your money in a secure environment but you get a chance to win a million pounds. Some people doubt the system but there is a plethora of success stories that prove that premium bonds are a good investment and is a great way to have fun playing the monthly lottery. Each month bond numbers are randomly picked and if are the lucky investor, you could win a prize from fifty to a million pounds. The following are some testimonials about the success for premium bonds.

Click for premium bond checker

One lady had a one pound bond purchased for her by her grandparents. Even though the bond was purchased in 1965, this single bond has been picked twice for a fifty pound and a hundred pound cash prize.  This has spurred the woman to invest heavily in the program and she encourages her children to invest also.  These two wins have created a saving culture within the family and with other wise financial decisions; this woman will be set up in her retirement age. Her family also will be able to save for college and their retirement also.

Another lady in Liverpool stated that she had twenty thousand premium bonds and that she was disappointed that she didn’t win anything after a few months. She had only won one fifty pound prize after the purchase. She was so up set that she wrote the National Savings and Investment agency and complained. Not only did she get a reply and an explanation but she also was notified that she had won another fifty pound prize and ironically the same bond number she won on the first prize was the same bond number that was picked for the second time.

This was picked up by a conspiracy theorist who spouted the odds that if one bond is bought for one person, that person will have a chance of winning every three thousand years or so. Also that person has a chance of winning the million dollar prize at the odds of twenty three million to one. He is skeptical about the ladies story, but refuses to pull out his premium bonds because he knows it is a safe place for saving and he still has faith that he will earn a prize, maybe the million dollar prize for his investment. He says not only he will save but will invest more until he gets to the cap of thirty thousand pounds.

Another lady supports the theory that newer bonds have a better chance to win than older bonds. She bought her son a bond in the 1961. Her son never won a prize for the bond since the purchase. The gentleman bought a new bond last year and won a fifty pound prize the first month. The theory that newer bonds win more frequently can be explained by the fact that the population and the popularity of bonds has increased since the sixties. Therefore the statistics are slanted more toward the new bonds than the ones bought decades ago.

Related Posts:

Premium Bond prizes protected against base rate cuts

National Savings & Investments (NS&I) has announced that the Premium Bond prize fund is to stay at current levels, in February and March. The size of the prize fund is determined by the base rate and aggressive cuts in the rate have [...] 

Premium Bonds are a gamble, not an investment

The first thing to say about Premium Bonds is that in spite of all National Savings’ (NS&I) attempts to promote them as an investment they are nothing of the sort. They are a gamble, like the Lottery

Are Premium Bonds a good idea at the moment?

Q I Am thinking of investing in premium bonds and would like to know what the odds are of getting a prize and how safe my money will be. A Premium Bonds are issued by National Savings and Investments and are backed by the Government

Premium Bonds National Savings and Savings Bond

Premium bonds-Bond winner: According to the National Savings and Investments, prize money worth 0000 is lying unclaimed by the bond winners. NS&I notifies the bond winners by writing directly to the customers who own the premium bonds

Technorati Tags: bonds, i bond rate, nsandi, premium bond numbers, prize checker, unclaimed, winners

The United Kingdom has a unique way to insure bonds that is very different than the government bonds you buy from the United States. In the United States you buy a bond and after ten or twenty years the government will pay back the original money invested and add interest. For example a twenty year bond will be yield an interest after the time has passed the bond can be returned for the promise payment. The premium bond that the United Kingdom offers can be redeemable for the exact amount it is purchased for at any time.

The interest accrued goes into a public fund in which is saved.  The interest is divided and monthly cash prizes are awarded in a lottery style give away. So the more bonds you buy, the more chances you have to win the cash prize. The cash prize is nothing to laugh about.  Translated to American money, the first prize on the bond lottery can be over a million dollars.

There are smaller prizes awarded, so if you are lucky you will receive a huge prize instead of the small percentage the American bond market gives you. Premium bonds add excitement to investing.  You don’t have to worry about losing your money or waiting a long time to collect the interest. It’s like being involved in a lottery without going to the connivance store to buy your tickets each week. You bond is involved in each lottery and you can cash it in and pull it out of the lottery if you need the money or you do not want to be involved anymore. 

Unlike the American government bond system where you will not get the interest if you pull out the money before the stated agreed upon time, the premium bond system allows you to have more freedom with your money. You can have a nice savings account and at the same participate in a lottery that can set you up for life. A machine generates the winners and like the American lottery, you can check online for the results. The results are even listed in British papers with the bond number, not the person’s name who wins it.  It may not have the hype that the American lottery has, but it still is more fun than waiting ten to twenty years for an American bond to mature. When the lottery number is pulled the winner is notified within four days of the lottery.

There are even two prizes in the millions, so there is a chance of winning the big money twice a month. Even the smallest amount won is fifty ponds which is about a hundred and ten dollars.  That right there is enough to triple the interest earned in the American bond market. The more premium bonds you buy, the more chances you have to winning the money. So if you have U.S. government bonds or an saving account that is pulling in less than three percent monthly, you might want to look at reinvesting the money into premium bonds and have so fun as well as having a chance to win over a million dollars.

Some interesting posts:

Premium Bond investors unlucky in base rate cuts

Savers who have switched their nest-eggs into Premium Bonds because they would prefer to take a gamble, rather than sit with falling interest rates, will be disappointed to learn that their chances of winning a prize lessen with each

Savers Suffer From Premium Bond Fund Shrinkage

NS&I says that the pot has got smaller, thanks to recent rate cuts. 

Let the Government Buy Corporate Bonds – Finance Blog

An institution with limitless liquidity, like the government, doesn’t have that problem, and can happily hold cash bonds without having to pay a hefty Libor-OIS premium. If the government were to buy credit protection from banks,

Technorati Tags: lost, national savings, nsandi premium bonds, savings investment, unclaimed, winners

Premium bonds were conceived in 1861. It was set up so that ordinary people could save and invest their money if case of accident or death.  The original name of the program was called the Post Office Saving Bank.  It popularity spread an soon the Chancellor was borrowing money from the funds so that he could support public projects. This gave the premium bonds a duel purpose. First the bond where considered a source of a secure investment that could not go bankrupt or could not loose value. Second the bonds were seen as a way to give the government a source of funds when taxes and other monies were not enough.

Check premium bonds.

The Post Office Bank sold saving certificates that did offer a lottery system to go with them.  In 1957 a lottery was issued once a month to persuade British citizens to invest more money. In 1967 the Post Office management changed hands and the Treasury Department took over. The program was renamed the National Savings and the Post Office became the major supplier of premium bonds. The National Savings part of it became a source of other investments besides premium bonds. In 1996 the post office became the store of the agency and the National Savings and Investment became more aligned with the Chancellor. All a citizen had to do was to go to the post office and make a hundred pound investment toward a bond purchase. They could invest until they reached the cap of thirty thousand pounds.

Siemens Corp became apart of the operation in 1999.  In an attempt to modernize the agency over 4000 agency employees were sent to Siemens schools for business to learn new investing techniques. Since then the employees have become more professional in the delivery of investment services.  New call centers were added and more technology was used in the handling of investment portfolios. Siemens will end its contract with the National Savings and Investments in 2014 and the agency will be self-sufficient in its own affairs.

Through their training, the employees of the National Savings and Investment have met goals of improved customer care and the professional implication of investment opportunities. The use of the internet has made the communication between provider and customer easier to facilitate and information about the company can be found at the stroke of a keyboard. As the popularity of premium bonds grows so will the commitment of National Savings and Investment to provide their customers with professional, friendly service.

The growth of premium bonds has skyrocketed in the past decade. The negative impact of the growth is that the chances of having your bond picked by the random number generator is widening.  Statistically the bigger the population of numbers the gap grows wider for the individual investor to be selected. Many people are pulling their premium bonds investment and putting them into traditional low interest savings accounts. This pull back from impatient investors may reverse the numbers so the chances of winning will grow.

Related Posts:

Are Premium Bonds a good idea at the moment?

1.8 per cent of the total bonds’ value in circulation. This means that the chance of a single bond winning a prize is 36000 to 1. Minimum investment is £100, or £50 by monthly standing order.

National Savings & Investments fetches award

NS&I is one of the largest financial providers in the UK with 28 million customers and over £83 billion invested. It is best known for Premium Bonds, but also offers High Income Bonds, ISA accounts,

National Savings & Investments

Premium Bonds can be bought online at www.nsandi.com, by telephone on 0500 007 007 (see note 5), by post and over the counter at Post Office® branches, and brochures can be picked up in WHSmith in 400 of its High Street

New NS&I Rates Announced

Cuts to interest rates from the Bank of England and government bond yield fluctuations have put pressure on NS&I.

Technorati Tags: buy bonds, draw, nsandi, premium bond draw, rate, unclaimed prizes

Some people wonder about the randomness of the premium bonds lottery that is conducted each month. The randomness has been under scrutiny in the past and the National Savings and Interest agency, the people who conduct the lottery are scrutinized by an outside agency to provide security so that winners have an equal chance.

The Government Actuary Department was created for the sole purpose of checking the premium bond system and the randomness of the numbers. The Government Actuary Department is not associated with the National Savings and Interest agency and is does not receive any monetary funds. Just like the agency that checks the gauges and meters of gas pumps, the Government Actuary Department just regulates honesty for the good will of the citizens of Great Britain.

Click here for premium bond winners.

There are conspiracy theories that say that only regional areas of the British Isle win more than others. What these people do not take to mind is that the population differences as well as economic differences create statistical abnormalities that skew the awarding of cash prizes. The Government Actuary Department investigates these allocations and through statistical analysis most are proven only disparities in population and how many people in each region actually participates in the program.

The National Savings and Interest agency also takes these allocations very seriously and encourages investigation from outside agencies. If these false allocations are true, it could seriously affect the premium bond program and the agency that supports it.  The scrutiny and honesty is the upmost priority of the National Savings and Investments, and scrupulous behavior is not tolerated.

Another theory is that new bonds win more than old bonds bought decades ago.  The Government Actuary Department explains this by stating that populations have grown as well as the population of people buying premium bonds.  The randomness remains the same, but if the purchase of new bonds that were purchased in the last decade is double or triple the amount of bonds purchased in the decade between 1950 and 1960, the number of winners will mostly come from the last decade. The general public has a hard time explaining this and when they have had bonds that have not won ever, of course they think that there is something fishy with the random number generator or the people at the National Savings and Investment. The Government of Actuary Department assures the public that the randomness does not discriminate against older bonds than newer ones.

The premium bond program relies on the effectiveness of the random number generator. Some people have suggested the ping pong number generator that American lotteries use. The only problem with that is that there are millions and millions of numbers generated to use and the ping pong method.  The random generator that the British system uses has gone through four upgrades and a fifth is being looked at if the popularity of premium bonds continues to increase. Premium bonds still remain a great investment and the fun at a chance of winning will continue to make the program succeed.

Savers Suffer From Premium Bond Fund Shrinkage

NS&I says that the pot has got smaller, thanks to recent rate cuts.

Premium bonds – Building

Having been engaged as an independent loss adjuster in the handling of claims on performance.

Premium Bonds offer worst deal for 50 years

Britain’s 23million savers who have Premium Bonds are being hit by the worst deal since they were launched more than 50 years ago.  

Let the Government Buy Corporate Bonds – Finance Blog

An institution with limitless liquidity, like the government, doesn’t have that problem, and can happily hold cash bonds without having to pay a hefty Libor-OIS premium. If the government were to buy credit protection from banks,

Technorati Tags: bond checker, bonds, ns&i premium, savings, uk bonds, unclaimed, values

Premium bonds are becoming more popular everyday.  Millions of people are investing in these bonds and some are questioning if they are really worth it.  Premium bonds were introduced in 1956 as a way to get the public to invest into the British Government. This was set up like a lottery so that the common man could save and at the same time have a chance to winning millions of pounds. Nearly twenty million people, a third of the population now owns at least one premium bond. Investors can buy these bonds directly from the post office or they can purchase from the National Savings and Investment firms. You can then check premium bonds at the nsandi website.

Since interest rates are falling, premium bonds are seen as a safe way to invest and at the same time have the thrill of winning one of the over million and a half cash prizes awarded each month. Fifteen percent of the prize money is used for high cash prizes and another fifteen percent is used for medium cash prizes.  The remaining seventy percent of the money was used to award lower prizes that are as high as fifty pounds. A fifty pound prize on a one bond is almost a 500 percent return. Right now you have a 1 in 21,000 chance to win, but with the bonds becoming more popular, those odds may be greater in the future.

You have to buy at least one hundred pounds to invest in premium bonds and you can only have thirty thousand pounds in an account. The bonds are backed and protected by the national treasury. Anyone who invests can be assured that when they decide to pull out their funds, the money will be there.  Anyone can invest as long as you are sixteen. Many parents buy premium bonds as a way to pay for their children’s college. Young investors can learn the value of savings and at the same time get the chance to win enough money to set them up for life.

Unlike lottery tickets, the same bond can win over and over. The more you invest, the more times you will have a chance to win. The winnings are tax-free and you can even reinvest the money you win until you reach the thirty thousand pound limit. It has been reported that the odds in winning has declined in the last ten years.  It is a matter of statistics that the more bonds that are bought the lower the chance that your bond number will be picked.

The odds are still better than the American lottery because you don’t have to buy a different ticket each time. You can find out if your bond number is picked by looking at the National Saving and Invest website. Here they list all the winning numbers and all you have to do is call or contact them for you to claim your prize. It is recorded that the National Saving and Invest firm has over five hundred thousand unclaimed prizes that they are holding for claimers.

Are Premium Bonds a good idea at the moment?

Q I Am thinking of investing in premium bonds and would like to know what the odds are of getting a prize and how safe my money will be. A Premium Bonds are issued by National Savings and Investments and are backed by the Government

Premium Bonds offer worst deal for 50 years

Britain’s 23million savers who have Premium Bonds are being hit by the worst deal since they were launched more than 50 years ago.

Premium Bond prizes held steady

The Premium Bond prize fund is to stay at current levels in February and March – despite cuts in interest rates.  

Premium Bond minimum win to be cut to £25

National Savings & Investments (NS&I) have today announced that they will be introducing a new £25 Premium Bond prize amount. 

Premium bonds go back to the 1970s with shrinking pay outs

Premium bonds go back to the 1970s with shrinking pay outs. Jan 21st, 2009. by Telegraph Politics. Payouts from premium bonds Britain’s most popular form of saving are likely to shrink yet further in April.

Technorati Tags: bonds values, check, draw, numbers, premium bond checker, saving, savings

Please contact us at support@premiumbondwinners.org

Technorati Tags: contact, us

Note: the privacy practices set forth in this privacy policy are for this web site only. If you link to other web sites, please review the privacy policies posted at those sites.

Collection of Information
We collect personally identifiable information, like names, postal addresses, email addresses, etc., when voluntarily submitted by our visitors. The information you provide is used to fulfill you specific request. This information is only used to fulfill your specific request, unless you give us permission to use it in another manner, for example to add you to one of our mailing lists.

Cookie/Tracking Technology
The Site may use cookie and tracking technology depending on the features offered. Cookie and tracking technology are useful for gathering information such as browser type and operating system, tracking the number of visitors to the Site, and understanding how visitors use the Site. Cookies can also help customize the Site for visitors. Personal information cannot be collected via cookies and other tracking technology, however, if you previously provided personally identifiable information, cookies may be tied to such information. Aggregate cookie and tracking information may be shared with third parties.

Distribution of Information
We may share information with governmental agencies or other companies assisting us in fraud prevention or investigation. We may do so when: (1) permitted or required by law; or, (2) trying to protect against or prevent actual or potential fraud or unauthorized transactions; or, (3) investigating fraud which has already taken place. The information is not provided to these companies for marketing purposes.

Commitment to Data Security
Your personally identifiable information is kept secure. Only authorized employees, agents and contractors (who have agreed to keep information secure and confidential) have access to this information. All emails and newsletters from this site allow you to opt out of further mailings.

Technorati Tags: policy, privacy

Here you will find helpful reviews, informative information and tips and much more. This site is in the format of a ‘weblog’ so that each time I post new information, it will come to the top of the front page. This means that you can check back here frequently to see new updates to the information found here.

You can navigate through the site by using the menus on the sides of the page. Also don’t hesitate to follow the links you see in bold throughout each post to learn more about the product being spoken about.

I hope you find the information I provide valuable and helpful.

Technorati Tags: about, us