Premium Bond Winners – Check Premium Bonds

Posts Tagged ‘unclaimed’

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

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.

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

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

Randomness in the Premium Bonds Market

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

Why is It Smart to Invest in Premium Bonds?

Most people invest their money in savings bond or the stock market.  Premium bonds are a good way to invest your money and have fun at the same time. Most savings plans give you set interest rates overtime and unless you have a lot of money invested, it really doesn’t make that much money for you. The meager interest on a money market account or a savings account will only give you a few cents and maybe dollars a month.  Some of the investment plans will not even allow you to take the money out of the bank without losing the interest.

Click for premium bond results:

In stock market accounts you have the chance to make big money, but most of the time you will even out as the stocks drop and rise. A premium bond does not give you an interest rate, but they give you something better.  A premium bond gives you the chance to win a monthly lottery that is well over a million dollars. The prize is not just for one person. There is actually two grand prizes and over a million and a half others. If you have $10,000 pounds invested, you have a 19% chance of winning some sort of cash prize. In other words, the chance or winning is 1 in 21,000.  Not only is the possibility of winning exciting, it is more fun to look for a win than watch your money sit in a bank when you know what the final out come will be. The premium bond is like money in the bank and each bond has a unique number.  Each bond costs one pound, and you have to have a minimum of one hundred pounds to make an order. 

The premium bond is so popular in the United Kingdom, that over one third of the population has saved money in this fashion. Savings accounts and government bonds are stagnant. You agree to the interest upfront and that interest will not go up or down.  No matter how much money the bank or the government makes on the bond, you will only get that percentage your agreed to. Even if the bank makes a twenty percent profit on your investment, you will only get the three to five percent you agreed on.  If you need the money and take it out of the investment program, you will lose the interest that was promised you. You would have had the money invested for maybe years and you get back only what you put in.

With premium bonds you can get your money back anytime you want.  Since you really didn’t agree on a interest rate, you are not losing anything.  The only thing you are missing out on is the chance of winning one of the prizes. Premium bond advocates are not promising you anything but a chance, a chance that has better odds and more chances to win then any lottery in existence. Even a small reward will out pay any interest on American bank accounts or government bonds.

Related Posts:

Finance : Strategies for passing assets to your children

A: You can have the ownership of your bonds changed from your name to the trust’s name, says Tom Adams, who operates a website (savings-bond-advisor.com) devoted to discussions about bonds.

Stock Market, Bonds, Deposit

ISA allows you to save in cash, equities (bonds, gifts, shares and unit trusts), life insurance policies or any combination of the three. As a probably recipient of individual savings accounts mortgage you will undoubtedly encounter

$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.

Technorati Tags: check, national, premium savings, saving bond, unclaimed, winners

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.

Click for premium bond results.

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.

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.

Related Posts:

NS&I cuts interest rate but protects Premium Bonds

NS&I cuts interest rate but protects Premium Bonds – National Savings and Investments is slashing interest rates on its savings products by up to 1.85 per cent this week but returns on Premium Bonds will not be cut.  

National Savings Premium Bonds – Pros and Cons: Tax Free

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? 

How to choose a bail bonds company thats right for you

If the defendant does not appear, the Bail Bond Company is on the hook for the $50000. To assume this risk, Bail Bond companies charge a “premium” which is usually 10% of the bail amount.

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

Technorati Tags: nsandi, premium bond checker, premium bonds, purchase, savings, unclaimed