PREMIUM BONDS..........

[swiperfox]

My Nan bought me some when I was little but my Mum doesn't know where they are. Is there a way to find out/check my numbers online?

Its important to realise that to win most months you do need to have a large holding £20,000 and even then its not guaranteed. I have won an bean for months.

Oh yes Pepsi, no wins are guaranteed, they are just wins, but the odds of small prizes are MUCH better than the lottery, and you can get your stake back whenever you want it.

Oh, the other thing is that I have elected that each win is immediately reinvested (it goes back into next month's draw), so that the pool of bonds increases

We win an average of £50/month on each of our £20,000 stakes (dh's redundancy money) (dh, ds and me).

But sometimes my holding, for example, will go a few months without a win, while ds's stake wins £100 or 2 times £50. Lat year dh's holding was the "duff" one, while ds' and mine kept the average up. But the last few months, his has been the one coming up with the goods (which is quite nice, as his winnings still come as cheques, whereas ds' and mine are re-invested automatically)

Prettybird,

That's great. If you work out what you have won over the last 3 years or so, I'll bet it outstrips the interest you would have got from any building society account (and it isn't taxable).

Obviously, if interest rates went up significantly then it would make sense to move it, but whilever interest rates are low, PB's are a good option.

I have done and it does - or nearabouts . And you still have the monthly dream of the "big" one! (even one of the "bigger" ones would be nice! )

We've got £30,000 worth and we do win £50 - £100 most months but it only works out at about 3% averaged out across the year, whereas you can put the money with ING or Cahoot say and get 5% or a bit more guaranteed.
But of course then you don't have that monthly fisson of thinking you might win big.

But sponge, you pay tax on the 5% interest from ING or cahoot (assuming you have other income of course).

yes - and I pay 40% tax!

I do also have ISAs etc

This thread is fully of all the rich Mumsnetters!

Trust me, it isn't.

I'm just trying to become a rich mumsnetter (and I'm already a mumsnetter).