Premium Bonds 2 year after: Was it worth it?

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[LimutusX]

Will you still keep some capital in private bonds after seeing these returns?

[wildberrygarden]

I think it is very much psychological with Premium Bonds, the buzz of 'winning', even if it is less than you could earn in interest. I really like them and am totally sucked in by this...

[deanlevett]

I think you did really well. Ive had bonds for about 10 years now, and never won that much. Although ive won £450 this year, and got £15, 000 now. I invest £125 every month and re invest any wins.

[jayhaich]

Pretty decent - your win rate puts you a bit above average luck

[andrewsims]

I had the max £50000 I got 2150 the same as I would get in savings interest.
Not good but not lost either

[donbox]

not worth it and we know it, cash isa or stock isa for now if you have 20k spare per year. if you have more money saved then use invest account. simple. great video as always, thx Jubair

[KiranRai-ik]

The cash won is tax free irrespective of the amount right?

[winstonsmith]

Are these a good way of getting cash out of the bank?

[Bracebarian]

For the amount you held you would have been better of using a NS&I GGB which paid 6.2% in 2023 & 5.15% in 2024. If you hold the full amount of £50k then you will get closer to the published interest rate but holding this amount is only worth it if you have exhausted your personal tax allowances. It is one of the ways to deposit an inheritance and then drip it into a S&S ISA or Cash ISA over time.

[tradingrules]

I got £25k in Premium Bond and won my first £25 lol. I will see how it goes for next 3 months.

[teeeeve]

I think you’d have been better off with that money in a stocks and shares ISA.
The S&P 500 has gone up 15% in the last three months. That would have given you £1500 on top of your earlier winnings if you’d taken out the £10000 eligibility in October and invested it…

Risk appetite is obviously a factor but Premium Bonds are rarely going to match a sensible low risk investment…

[JamesWilliamson-wy]

Buying UK Gold legal tender coins, Sovereigns and Britannias would have earned you much more and the profit you make is free of ALL taxes.

[akaski]

I'm winning £100 a month at the moment

[SS-gowi]

I have double what you have invested. £0 Sep, £0 Oct, £25 Nov, £50 Dec, £25 Jan. I'm seriously thinking of withdrawing everything, its a big con, who are these big winners? I've never met a single one???

[danpaul]

Shame, thats a poor return for two years so many accounts were paying over 4% during this time, you could have doubled your return

[rahat]

perhaps brush the hair a little, maybe? invest in a comb 😅 £1 goes a long way!

[Sos-jh]

Hello your January £50 win didn’t count until the second month after January. You keep getting it wrong again you can’t pay in October and have a eligible in November you know it but you keep on saying it wrong again.