Michael | Professional Trader
Region: GB
Saturday 28 June 2025 15:28:05 GMT
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Comments
Jason Lowe :
your capital is not at risk thats the fundamental difference to it.
2025-06-28 18:59:44
17
richnich7 :
Cheer up. It’s fun
2025-06-28 16:13:35
2
Ben :
Set it to auto reinvest and forget about it. If you maximise an ISA every year they’re competitive.
2025-06-28 15:54:04
5
opal286 :
Had premium bonds for 61 years never won a penny
2025-06-28 21:30:49
7
Anthony :
They're good if you have a job that makes it a massive hassle/bans trading
2025-06-28 16:43:03
2
What? :
Higher rate tax payer, maxed ISA, return 3.45 -5.55% tax-free. Biggest single win 1000 in 25yrs
2025-06-28 16:01:25
7
Dave :
Im up around 150% on my bonds. Appreciate thats very rare though.
2025-06-29 00:53:52
2
PleaseRewind :
I’ve had a small mount 40 years and haven’t won a thing
2025-06-29 17:08:35
0
Stuart Davies :
Been trying to convince my daughter of this! She just doesn't get it 🙈
2025-09-15 21:35:17
0
Debbie Mcbride99 :
agreed. it's just somewhere to put money you don't need access to.
2025-06-29 18:38:37
2
Singularity :
Premium bonds are only useful to 40% and over tax payers, that have already maxed out their ISA and employer match pension contributions, don’t forget most employer run pension schemes produce returns far short of market benchmarks, but generally yes, premium bonds are a poor choice and should never be more than 5% of your investments.
2025-06-28 19:08:14
0
Henry Kops :
Worth mentioning that premium bonds are tax free though so if you’re on 40% tax bracket are pretty good
2025-06-29 01:23:01
0
David Renfrew :
Agreed, not great for investment and growth but risk free. capital is not at risk and can be used to protect your savings from HMRC if you hit the £1000 non taxable limit and have maxed your ISA.
2025-06-29 09:58:43
0
369Ben369 :
100%
2025-06-28 15:58:44
0
Ivor Bigon :
You need a critical amount invested to win I think it is around 8k, it is more of a lucky dip than a way to earn interest. It is based purely on luck not skill and the money is available to use on areas that have better returns.
2025-08-05 10:37:21
0
ibsocial :
Well said and it’s misunderstood that the money is just parked in and a account
2025-06-29 17:10:54
0
user1 :
you can apply this argument to any savings account. It's somewhere safe, if you've maxed out your £85k with banks A, B & C etc. And while there's always some funds that do well, chances of you getting the right one? Slim.
2025-06-29 08:00:50
0
Hoola4444 :
pension and ISA allowance maxed so for next 7-10 years I will use them, also got GIAs as well, but agree only if you get an above average win rate then great otherwise not the best
2025-06-28 17:36:16
0
Adam :
This is exactly how I use them. SIPP and pension are maxed out and I save short term cash in PB.
2025-06-28 17:12:25
0
Wayne_archer2003 :
Premium bonds are better than the national lottery and we know how many play that 🤣
2025-06-28 17:00:46
0
Rodeo NZ - south :
It no longer exists in New Zealand now. Stopped a few years back and everyone had withdraw their money.
2025-09-18 10:26:32
0
Phil Powell :
Premium Bonds = Middle-class lottery
2025-06-28 17:05:45
0
Johnny Boy :
I guess they're better than playing the national lottery 🤷♀️
2025-06-28 15:58:43
2
Axel Red :
For CGT though and say you get a windfall and have already maxed out your SIPP and ISA? Or is there a more efficient way?
2025-06-28 16:44:46
0
Drew2120 :
One step up and a bit better than the lotto I think.
2025-06-28 19:20:05
0
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