Premium Bond Winners – Check Premium Bonds

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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.

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

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.

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.

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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

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.

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

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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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