Premium Bonds

It’s only been for the past couple of years that you have been able to have a thousand a year interest tax free. The government could easily reduce the tax free amount or get rid of it altogether, in which case if you had transferred a substantial amount out of ISAs you’ll have lost the tax free wrapper.

I had £1000 in for 2 years and never won anything - I pulled it out last year and invested it along with the rest into property. Hopefully that will gain more than the nil amount I won!

You can go to the NS&I website and look at the last few months winners, not their names but it shows how much they had in bonds. The lower amounts (£100-£1000) don't feature as much which makes sense. Occasionally you see a small number with a big win but even the smaller wins usually go to people with > £5000 in.

I usually make between £500 and £800 a year on premium bonds which beats most of my bank accounts.
I would never spend money on the lottery so bought bonds instead.

I was feeling very disappointed and left out of this conversation but have just woken up to an ns&i email telling me I have won another £50
That makes £250 since any were first drawn in May. So if I can average £50 per month that’s £600 a year which is better than a poke in the eye with a blunt stick as my grandpa used to say.
If interest rates are up by more than I have won by the end of 12 months I will reconsider, but for the moment I enjoy the little flutter and it’s safer than the 2.30 at Wincanton!

My mum bought my kids premium bonds when they were born 40/50 years ago Thevy ve never had a penny win on any of them not a bean