Premium Bond Winners – Check Premium Bonds

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Premium Bond Numbers – Premium Bond Prize Checker

January 31st, 2009

Success Stories About Premium Bonds

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.

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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.

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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.

Premium Bond Draw – Buy Premium Bonds

January 28th, 2009

The NS&I and Premium Bonds

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.

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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.

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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.

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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.

Premium Bond Checker

January 25th, 2009

Fun Facts and Myths about Premium Bonds

There are many web pages dedicated to successes of the premium bond program in Great Britain but there are also some false facts that are circulating around the net that gives premium bonds a bad name and puts out false information that would keep some otherwise wise investors from even purchasing their first bond. This report presents some of this false information so that the discerning investor can make clear and logical choices when investing their money in the premium bond system. Remember these are myths and false facts that have been discounted by the government agencies that were selected to monitor the actions of the National Savings and Investment agency.

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One myth is that the million pound winner is always notified in person on the last day of the month after the drawing. The winner has to be at home or the prize will be given to another premium bond member or will not be given away at all. The myth also supports another. Since you have to be home to win the prize, the myth says the statistics support the idea that most people that win the million pounds are in their nineties and that they are home all the time anyway. Most people in their nineties live in a retirement community or nursing home and they would not have an address that would support the myth.

There is a ridiculous rumor that nobody has ever met a million pound winner. This myth contends that it is a government hoax and the sole purpose of this hoax is to trick people into giving their money to the government in lieu of taxes. This is completely false. Not only is there a website that lists all the million pound winners, it even lists the towns they live in and what date they won. Of course the National Savings and Interest agency is going to keep them secret because the publicity generated would destroy their privacy and make the million pounds more of a burden than a pleasure.

There is even a rumor about premium bonds and the famous British comedian Bennie Hill. Though Bennie Hill died at the age of 92, the myth says he had just won a million pound prize and he was killed by his jealous grandmother because of the money. Bennie Hill was already a wealthy man and the age of the jealous grandmother would make her about hundred and twenty years old. This does not only make sense chronologically but the woman at that age would have a hard time killing anyone.

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There has even been a website posted with these myths and the challenge for anyone that has won a million pounds to come forward and dispute the myths. To this day, no one has posted on the site. This is logical because by posting they would be giving up their privacy as well as the possibility of setting themselves up for a scam. The National Savings and Investment is a sound agency that guarantees your money. These myths are just created to destroy their integrity.

Premium Bond Results – Savings Bond Values

January 17th, 2009

There are too many types of investments these days, sometimes we may feel frustrated to choose the one which is right for you. It may take quite a long time to learn about different investments.

The best thing you can do is to find some information about different investments, and on an investment in particular, bonds. In fact, a bond is a kind of security that pays a certain fixed amount of interest at a regular period of time.

Actually, a good investment strategy can minimize losses and increase your profits. Everyone should remember of the theory of diversification. "Don’t put all your eggs in one basket", and that cannot be overstated anymore when it comes to investing. The chances of losing money with one particular bond may be small. In contrast,if something does happen and you put everything in that bond investment, you then lose it all.

i bond rate

In case, you hold a bond payment until maturity, most of the time you will get the interest twice per year. The amount you paid for it will be larger than the amount you receive at maturity, if it is selling at a premium. A bond will be sold at a premium when the coupon is higher than the prevailing interest rates. The buy and hold strategy really works very well as the fluctuations will not affect you as much as other investors. If you want to sell your bonds at the sign of trouble suddenly, then it will affect you more and you would be losing rather then a potential profit. Also , high-yield bonds can be very profitable, but that is a bit risky. That is why high-yield bonds are also called as junk bonds. Even though they may offer a huge return, it is true that you may never receive that return. You may know that the lower the credit ranking, the higher the risk. Therefore, when you invest in bonds for the first time, it is better that you show little interest in this area.

Remember not to get tempted by investing. Believe your feeling and the information or research that you have. Do not complete depend on your gut feeling as it will now help you to gain a big profit. If you invest the first time, you should start slowly with a few types of bonds and then slowly buy more later. It does not make sense in going crazy and buying up everything that you think they will make you profit. Think calmly and you will find that there is a lot of money can be made elsewhere.

By Rashme Wong

For more info on premium bond winners check these related posts:

National Savings Premium Bonds – Pros and Cons

National Savings premium bonds encourage tax-free savings and provide capital protection. The odds of winning are prohibitive. Are the potential rewards really worth it?

Rates cut sees Premium Bonds suffer

Millions of Premium Bond investors have seen their chance of winning fall dramatically with cuts in interest rates having halved the total amount of available prize money over the past year.

Premium bonds making fewer winners

Premium bonds making fewer winners Get the latest banking and savings news from Moneynet, providing constant updates on the banking and savings market and the latest banking and savings developments.

Savers Suffer From Premium Bond Fund Shrinkage

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

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.

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