Premium Bond Winners – Check Premium Bonds

Posts Tagged ‘national savings’

Premium Bonds Is Not Considered Gambling by Most

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. Click to check premium bonds.

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.

Interesting Posts:

HM Treasury Protected Savings

The worrier in me is concerned about savings and how protected they are, to the point that I’ve started looking in to www. nsandi.com, as any money invested in them is 100% secure since it’s backed by HM Treasury.

How to make money on the internet

Head to www. nsandi.com to find out whether Ernie has made you a secret millionaire. Determined to reclaim excessive bank or credit-card charges? The crusading MoneySavingExpert.com has a regularly updated guide

Technorati Tags: national savings, premium bond numbers, savings bonds, unclaimed, values, winners

What is a Premium Bond?

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

The Premium Bonds Program Hits A Milestone in Financial History.

Premium bonds have reached a milestone in financial history. At fifty years old this saving system has outlasted other government and private saving plans and seems to have enough stem to last decades to come. Not only is the premium bond a success the nation of Great Britain has embraced the bonds and actually holds an endearment for them. This is amazing for a system that doesn’t pay interest and actually rewards up to a million pounds to a single investor.  Over a third of the country invests in the bonds and that account for twenty three million citizens that have a stake in their future and the future of their country.

The big winnings are just the tip of the iceberg with this saving plan. Nsandi Premium bonds can be put be bought and exchanged for the exact same value as you put in. The cash prizes are just the crème on top of the milk when it comes to earnings. You don’t pay a penalty for withdraw nor do you lose anything except the meager interest that other savings plans have. All you have to do is fill out a repayment form from the National Savings and Investments agency and your money will come back to you. You usually only have to wait about a week to receive your cash in the post.

The sales of premium bonds are going out of the roof.  There is a premium bond bought every ten second in the country and this accounts to about twenty one million bonds bought a day.  The accessibility of purchase has increased in the last few years due to the availability of online venues. For those that are less technologically oriented they can go to the post office and purchase them in person. You have to purchase at least one hundred pounds worth of bonds to start your saving and you can even have payroll deductions or account withdrawals that will allow you to save as the purchases are put into savings automatically. You can save a maximum of thirty thousand pounds and just wait for the cash prizes to come to you. 

The bonds only cost a pound a piece and this bond gives you a chance to win one of over a million cash prizes awarded monthly. The National Savings and Investment agency has a random number generator that will pick numbers off of individual bonds and then report the winnings to the bond holders. The prizes range from two million pound awards to over a million fifty pound rewards. The bonds are issued consecutively and a single investment will let you be able to keep track of your number between the lowest and the highest. The rewards are also listed online and in most town newspapers.

If you like the thrill of the lottery and the hope of free money coming your way, the premium bonds program is for you.  Your money will not just sit in the bank and wait to accrue a meager interest. You will be able to get lump sumps each month if you are that lucky of a person.

Interesting Posts:

$200 Savings Bond Bonus for Checking Account at Wainwright Bank

Wainwright Bank, a regional bank based in Massachusetts, is offering a $200 Series EE U.S. Savings Bond when you open a new Value Checking account and have direct deposit. $10 minimum to open, and no minimum balance with direct deposit..

Unclaimed US Savings Bonds | Money Making Website For Small Business

The US Treasury Department’s database covers millions of assets waiting to be adjudicated to its rightful owner, amomg them the most popular gifts and. 

Finance : Strategies for passing assets to your children

As long as the trust leaves the same person responsible for the income tax on the savings bond interest, he says that changing the ownership isn’t a taxable event.

2009 Money moves: Grab some I Savings Bonds

Who would have thought the US Savings Bond could excite an investor? A patriotic choice, for sure, but it’s also topping all the other investments with a gigantic 5.64% annual interest rate. Not an all-time high,

Technorati Tags: Ernie, national savings, Premium investment, premium saving bonds, unclaimed