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Location: South Wales, UK
Joined: Mar 2005
Posts: 18,574
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02-10-2008, 06:31 PM
Originally Posted by Irish Setter Mu 
The minimum you can purchase at a time is £100, the maximum holding is £30,000. You can set up a monthly direct debit - the minimum is £50.00 and goes up in multiples of £10. There is a draw every month 2 x £1,000,000 prizes and lots of other smaller ones (smallest £50). (I do this instead of pet insurance - not everybody's ideal I know, but it works for me!).
I will save up for one then
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Location: Suffolk, England
Joined: Dec 2006
Posts: 10,529
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02-10-2008, 06:54 PM
Originally Posted by Azz
So smaller bonds are better? Rather than on lump sum?
I really don't understand how they work - I thought they were like the lottery.. Each one has an equal chance of getting pulled out
So let's say there are 1000 numbers that ERNie can pick from. If you buy 100 pounds worth you might get 500 - 599 but if you buy 10 lots of 10 pounds (As you once could) then you might get :-
010 - 019
100 - 109
200 - 209
300 - 309
400 - 409
500 - 509
600 - 609
700 - 709
800 - 809
900 - 909
You don't need to do all the maths to see that a random number is more likely to pop up in the second batch.
You can still achieve a 'spread' if you do a standing order for 100 pounds a month, or to a lessor extent 50 every two months.
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Location: Suffolk, England
Joined: Dec 2006
Posts: 10,529
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02-10-2008, 07:09 PM
Originally Posted by wishbone
Ooo lucky you. I have the grand total of £62 in premium bonds bought for me when I was born.
But... I've had a couple of £50 wins and a £500 win when I was 17, which went on my first car.
So not bad from £62...and of course they are worth £62 still.
you've been luckier than me As you rightly say you get 62 pounds back when you cash them in, the only problem is that when you were born that 62 pounds would have likely bought about 150 gallons of petrol, now you'd be lucky to get 62 litres
Of course that's all hypothetical, I know you're only 29 really
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Location: Somerset, UK
Joined: May 2008
Posts: 193
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04-11-2008, 09:59 AM
I couldn't believe it - it's come just at the right time mind you as I had to have a lot of work done on my car (£362!) - what timing.
This has made my day so much better!!
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Location: Somerset, UK
Joined: May 2008
Posts: 193
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08-11-2008, 01:16 AM
Originally Posted by b-eye
I have just found some of OH premium bonds some are so old they dont recognise the number , they are over 50 years old. what do I do with them?
huggles
b-eye
Good luck!
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Location: In a land far, far away
Joined: Sep 2005
Posts: 41,933
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08-11-2008, 07:30 AM
I'm really interested in investing it in savings bonds - but I guess I'll just have to hold off for a wee while
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Location: Cumbria, UK
Joined: Feb 2005
Posts: 12,111
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08-11-2008, 03:43 PM
We had them for ages and never won a thing and yet by father-in-law and brother-in-law both have won a few times
Guess I'm not lucky lol
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