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.

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.

Click here for premium bond checker.

Technorati Tags: check, i bond rate, premium bonds numbers, series e bond, unclaimed prizes, winners

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 [...] 

Technorati Tags: hh bonds, lost bonds, numbers, savings, unclaimed premium bond, winners

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

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

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

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.

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