A 'risk-free' lottery

Reply #3

goldrush — Sun, 11 Dec 2005 05:35:04 GMT

The odds of winning a Premium Bond prize are 24,000 1, meaning someone who invested 30,000 should win approximately 15 tax-free prizes per year. In December's draw Ernie gave away a million prizes worth 72m, with six 100,000 winners, 12 people winning 50,000 and 25 people winning 25,000. There were 1,135,656 50 prizes dished out. There is currently more than 25m worth of unclaimed prizes sitting dormant with NS I and there is no time limit on claiming them. Investors can check to see if... [ More ]

Reply #2

goldrush — Sat, 10 Dec 2005 04:58:08 GMT

What would you call them? Premium Bonds , is fine, but a more American name might be in order. I suggest Liberty Bond , it sounds good.

Reply #1

goldrush — Sat, 10 Dec 2005 04:54:07 GMT

The US Government should introduce a similar type of Bond, they would help with the deficit, so the whole country would win.

A 'risk-free' lottery

goldrush — Sat, 10 Dec 2005 04:51:01 GMT

Premium Bonds were introduced in 1956, when the UK government tried to encourage ordinary wage earners to save by running a 'risk-free' lottery. Now 23 million people in the UK own at least one premium bond.Investors buy bonds worth 1 from the Post Office or by post from National Savings Investments (NS I). The minimum stake is 100, and the maximum 30,000. Over the past few years sales have rocketed, as people look for a safe home for their investments in the face of turbulent stock markets... [ More ]