Premium Bond Winners – Check Premium Bonds

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Premium Bonds and the Odds Calculator

A premium bond is a savings plan developed by the British government to give the common man a chance to be able to save money and at the same time is able to win money in a lottery instead of interest. The program is very popular and almost a third of have bought premium bonds to add to their savings portfolio. There are several tiers to the prizes and the odds to figure out your chances of winning a certain prize is often difficult.  It would take a person several hours to figure out their odds by doing the statistics and many people do not have the math skills to perform the operations.  Now there are odds calculators that figure out the odds of winning in comparison to how many premium bonds purchased.

The odds calculator will allow you to put in the number of premium bonds that you have saved and through an online connection to the National Savings and Interest agency you can find out exactly the odds that you will win a big prize, the two million pounds, or a smaller prize, fifty pounds.  You can even figure out the odds for the multitude of prizes between the higher and lower amount.  The odds can change as more and more people buy bonds. They can go up if a lot of people suddenly purchase bonds, and they can go down if people cash in their bonds. Whenever you are in a gambling arrangement, especially with your savings, it is nice to know what kind of odds you have for winning. Click for premium bond winners.

The National Savings and Investments does offer your odds based on the average number of premium bonds that have been bought in the past.  This table is a good way to figure around what you might earn off of one bond.  If you have multiple bonds, again you would have to do the math to figure out the system. The more bonds you buy the more chances you will have to win and the odds will be closer in your favor. There is speculation that with the newfound interest in premium bonds, the odds will get so far out of reality that many people will opt for a traditional savings plan that will bear them interest. The ebb and flow of bond owners will dictate to changing of the odds and with the calculator you can see what month you will be more likely to win.

 
Remember that you can pull out of the premium bond program at any time. You will have the same amount of cash that you started with.  Life changes and the way you invest also changes. You may decide to opt out of the program if you have a family emergency or have a dire need for cash. The government secures your money so you do not have to worry about it being there when you are ready to cash in. Three may even be a better investment down the road and your nest egg in premium bonds will give you the opportunity to reinvest.

Interesting posts:

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 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.

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 [...] 

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Are Premium Bonds Worth It?

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