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The Retirement Thread

76 watchers
6 Apr
1:26pm, 6 Apr 2021
20574 posts
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I always used premium bonds as a place to store money for tax bills - I usually came out on top and reinvested the winnings so I have some left. Like interest rates, the win rate has gone down a lot and unless you are lucky is not close to inflation - can't remember the last time I even got £25, but it's better than the lottery at least the stake is still there.
6 Apr
1:26pm, 6 Apr 2021
1666 posts
  • 0
Ditto waiting for final McCloud news. I’d expected it to be unsuccessful so will be nice to see the numbers once sorted.
6 Apr
1:58pm, 6 Apr 2021
5539 posts
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FESE443 (AllShare) :-)
I have a reasonable amount in Premium Bonds.

I think Martin Lewis did a calculation once which suggested you’d be better off putting your savings in a high interest account and buying lottery tickets with the difference.

I’ve stuck with the P.B’s though!
6 Apr
4:02pm, 6 Apr 2021
33098 posts
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It's finding a safe high-interest account is the problem ;-) Another PB holder here, I don't get a win every month by any means but I get enough to make it acceptable.

I did have a real song and dance being able to confirm my bank account details for them to pay any winnings into, instead of sending a cheque (which I preferred, it was more exciting ;-) ) I was given a real runaround trying to log into my account, made a formal complaint which wasn't investigated within the required time limit, and eventually, once it was sorted, received a £50 cheque in compensation :-)
6 Apr
4:51pm, 6 Apr 2021
1560 posts
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Do the Premium Bonds still send people round to your house if you're a main winner? (I've always seemed to have missed their call..)
6 Apr
5:49pm, 6 Apr 2021
8291 posts
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Too Much Water
There’s an app for it these days
6 Apr
7:43pm, 6 Apr 2021
94 posts
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Martin Lewis has got a page on premium bonds at

I've decided that as long as I've got a reasonable amount invested, I've got a good chance of keeping up with inflation (and a tiny chance of winning a million)
6 Apr
9:34pm, 6 Apr 2021
20823 posts
  • 0
I think Premium Bonds are a waste, but not so much as to justify the effort involved in redeeming them.

Let's not forget that the 'stake' is the interest we're not getting, not the purchase price.
6 Apr
9:44pm, 6 Apr 2021
50042 posts
  • 0
With PBs, it seems to be that big blocks seem to pay out more regularly and also more recent purchases. In the past, I've cashed them in and bought another big block which then started paying out again.

I also like that there is an outside chance of having a big win.
6 Apr
9:47pm, 6 Apr 2021
72271 posts
  • 0
The ex husband had premium bonds. I was with him for 10 years and he won £50 once and £200 once... He would have earnt more in interest....

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About This Thread

Maintained by stilldreaming
Or "something for the old half dead to worry about", as TROSaracen would say 😉

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