# Thoughts On Premium Bonds? **URL:** \ **Category:** Bank Accounts\ **Created:** [August 4, 2020, 9:02am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650 "2020-08-04T09:02:05Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [August 12, 2020, 3:51pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/21 "2020-08-12T15:51:54Z")
> [@asy1mpo](#): > > the term “premium bonds” has been around since 18th century to mean “a bond that earns no interest but is eligible for entry into a lottery”. Interesting fact haha 😂 I reckon I’ve only ever played the actual Lottery once or twice? I know some of my friends do it all the time, but it’s never really appealed to me?! ---
**Author:** ![asy1mpo](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/asy1mpo/32/580_2.png) [@asy1mpo](https://community.emma-app.com/u/asy1mpo)\ **Post date:** [August 13, 2020, 5:05pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/22 "2020-08-13T17:05:28Z")
I am not much of a gambler so rarely gamble. When National Lottery started, I did play now and then but not played for years. Only gambling used to do was the Grand National but not done that for several years ---
**Author:** ![Stevo](https://avatars.discourse-cdn.com/v4/letter/s/f05b48/32.png) [@Stevo](https://community.emma-app.com/u/Stevo)\ **Post date:** [August 17, 2020, 7:04am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/23 "2020-08-17T07:04:30Z")
I bought 50k 2 months ago… Won £125 so far… In it to win it ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [August 17, 2020, 8:34am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/24 "2020-08-17T08:34:57Z")
> [@Stevo](#): > > In it to win it Love this mentality! 🙌 What have you been doing with your winnings? Spending, saving, re-investing? ---
**Author:** ![Stevo](https://avatars.discourse-cdn.com/v4/letter/s/f05b48/32.png) [@Stevo](https://community.emma-app.com/u/Stevo)\ **Post date:** [August 17, 2020, 9:20am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/25 "2020-08-17T09:20:02Z")
Spending… ---
**Author:** ![Sprinter1067](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/sprinter1067/32/2060_2.png) [@Sprinter1067](https://community.emma-app.com/u/Sprinter1067)\ **Post date:** [August 18, 2020, 11:13pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/26 "2020-08-18T23:13:07Z")
Or in other words, made 0.25% interest…🙃 I’d be interested to see how it pans out over a year! ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [August 19, 2020, 2:00pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/27 "2020-08-19T14:00:42Z")
Haha, hopefully it’s not just beginners luck!! @Stevo😉 ---
**Author:** ![Pa.ul](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/pa.ul/32/1195_2.png) [@Pa.ul](https://community.emma-app.com/u/Pa.ul)\ **Post date:** [August 19, 2020, 5:07pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/28 "2020-08-19T17:07:24Z")
I invested in Oct 2019, eligible from Nov 2019. Currently on 1% return. Not full £50k holdings. Nil in last draw. Seems to go _miss, hit, miss, hit, miss, hit, miss, hit, hit_ Never more than £25 prizes, all multiples of. Like many, hoping for the big win 😁 ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [August 19, 2020, 5:29pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/29 "2020-08-19T17:29:28Z")
> [@Pa.ul](#): > > miss, hit, miss, hit, miss, hit, miss, hit, hit Hahah mine was more like _hit, hit, hit, miss, miss, miss, miss, miss, miss…_ 😂 ---
**Author:** ![Gaoler](https://avatars.discourse-cdn.com/v4/letter/g/71e660/32.png) [@Gaoler](https://community.emma-app.com/u/Gaoler)\ **Post date:** [August 20, 2020, 10:40am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/30 "2020-08-20T10:40:51Z")
With 50k you have a 95-99% chance of winning more than you’d get in interest in the top savings account, so… yeah. With £100, it’s more like 5%. So you really are winning 🙂 ---
**Author:** ![Pa.ul](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/pa.ul/32/1195_2.png) [@Pa.ul](https://community.emma-app.com/u/Pa.ul)\ **Post date:** [August 20, 2020, 5:37pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/31 "2020-08-20T17:37:43Z")
I held £1,500 for over 10 years (until needed money for new boiler system) and won a measly £25 on that. Not until I put in substantially more did my _luck_ change. Relative has £100 worth of Premium Bonds and so far has won ❌ since purchase in 2010. 🤷‍♂️ ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [September 21, 2020, 2:22pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/32 "2020-09-21T14:22:44Z")
> **[NS&I to slash savings rates and Premium Bond prizes](https://www.moneysavingexpert.com/news/2020/09/premium-bond-prize-rate-to-be-slashed-to-1-/)** > > National Savings & Investments (NS&I) will dramatically cut the interest it pays on many of its savings accounts, slashing its top easy-access rate to just 0.01% in November. And Premium Bond holders will also have a significantly lower... [![](https://media0.giphy.com/media/Ty9Sg8oHghPWg/giphy.gif) ](https://media0.giphy.com/media/Ty9Sg8oHghPWg/giphy.gif) ---
**Author:** ![TheMightySwordfish](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/themightyswordfish/32/1054_2.png) [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)\ **Post date:** [September 21, 2020, 2:49pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/33 "2020-09-21T14:49:16Z")
Not surprised. Was expecting this to be done a few months ago tbh. ---
**Author:** ![Pa.ul](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/pa.ul/32/1195_2.png) [@Pa.ul](https://community.emma-app.com/u/Pa.ul)\ **Post date:** [September 21, 2020, 3:47pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/34 "2020-09-21T15:47:39Z")
Should not be the shock that it is really, I suppose. ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [September 23, 2020, 11:51am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/35 "2020-09-23T11:51:36Z")
Is the news of NS&I slashing the rates enough to make anyone consider moving their money elsewhere? ---
**Author:** ![TheMightySwordfish](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/themightyswordfish/32/1054_2.png) [@TheMightySwordfish](https://community.emma-app.com/u/TheMightySwordfish)\ **Post date:** [September 23, 2020, 2:56pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/36 "2020-09-23T14:56:04Z")
Everywhere else is cutting. I see no point in moving atm. Might add to it tbh. ---
**Author:** ![Pa.ul](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/pa.ul/32/1195_2.png) [@Pa.ul](https://community.emma-app.com/u/Pa.ul)\ **Post date:** [September 23, 2020, 4:00pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/37 "2020-09-23T16:00:35Z")
Closed my Income Bond and Direct Saver accounts (very little in there anyway). Will be adding to Premium Bonds as a few Fixed Rate savers mature over the next few months. The current Fixed Rates are likely to be gone by the time I have any cash to deposit anyway 🤷‍♂️ ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 24, 2021, 10:26am UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/38 "2021-05-24T10:26:41Z")
> **[16 million Premium Bond holders have never won a single prize](https://www.telegraph.co.uk/personal-banking/savings/16-million-premium-bond-holders-have-never-won-single-prize/)** > > But 12 savers became millionaires on their first draw I can’t read the full article but the headline says a lot! Does anyone know of any alternatives to premium bonds? I’m getting a bit fed up of never winning now haha 🤣 ---
**Author:** ![Gaoler](https://avatars.discourse-cdn.com/v4/letter/g/71e660/32.png) [@Gaoler](https://community.emma-app.com/u/Gaoler)\ **Post date:** [May 24, 2021, 12:57pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/39 "2021-05-24T12:57:08Z")
> [@rebekah](#): > > I’m getting a bit fed of never winning now haha Try dozens bonds ---
**Author:** ![rebekah](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.emma-app.com/rebekah/32/1091_2.png) [@rebekah](https://community.emma-app.com/u/rebekah)\ **Post date:** [May 24, 2021, 2:25pm UTC](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650/40 "2021-05-24T14:25:18Z")
Just looking into this, seems like it could be good. Have you tried the bonds? Is Dozens worth getting for any of their other features? [Previous page](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650.md?page=1) [Next page](https://community.emma-app.com/t/thoughts-on-premium-bonds/2650.md?page=3)