Would Premium Bonds Work In The US?

Reply #12

myturn — Mon, 05 Oct 2015 21:15:29 GMT

THERE IS NO TIME LIMIT FOR CLAIMING YOUR PRIZE (ONE UNCLAIMED PRIZE DATES BACK TO 1957)

Across the UK over 928,000 Premium Bonds prizes worth over 41 million remain unclaimed.

NS I are calling for Premium Bonds holders to come forward to claim their prizes, and to sign-up to have their winnings paid directly into their bank accounts to reduce the chances of prizes going unclaimed in future.

Premium Bonds prize warrants can go undelivered and unclaimed as a result of changes in Prem... [ More ]

Reply #11

savagegoose — Sun, 04 Oct 2015 10:14:06 GMT

non, because US dont trust their gov. ie they're realists. i pulled my premium bonds because all the money printing going on. and i lost trust in the UK. i wont say what i bought instead but its shiny and has 2 colors, silver and gold.

Reply #10

myturn — Sun, 04 Oct 2015 08:03:37 GMT

Nearly half the UK population have Premium Bonds - they're by far the biggest savings product with more than 54 BILLION invested in Premium Bonds with the UK Treasury.

How many billions could the US Treasury raise with similar bonds

Reply #9

myturn — Sat, 03 Oct 2015 12:57:04 GMT

Two financial economists, Lobe and Hoelzl, have analysed the main driving factors for the immense success of Premium Bonds. One in three Britons invest in Premium Bonds. The thrill of investment is significantly boosted by enhancing the skewness of the prize distribution. Using data collected over the past fifty years they find that the bond bears relatively low risk by conventional risk measures.

Reply #8

savagegoose — Sat, 03 Oct 2015 03:55:25 GMT

yeah i kind of miss using the prize checker ea. month.

Reply #7

myturn — Sat, 03 Oct 2015 02:55:54 GMT

Drumroll please!

Enter your holder's number below to see if you ve won up to 1 million in this month s draw... Good luck!

Premium Bonds

Have you won?

Select month October's results Previous six months Unclaimed prizes

Holder's number

We normally update the prize checker by the second working day of each month.

Reply #6

myturn — Sat, 03 Oct 2015 02:52:39 GMT

Premium Bonds: facts and figures

Odds of winning for each 1 Bond number26,000 to 1 Annual prize fund interest rate1.35% TaxAll prizes tax-free

Prize fund in October

64 million +

Total number of prizes in October

2.2million +

October's millionaires

Female From Cambridgeshire 29,995 invested

Male From Derbyshire 39,625 invested

Reply #5

savagegoose — Fri, 02 Oct 2015 16:51:26 GMT

i raised my ernie bonds to quite a level over my life, but recently, because of low interest rates, and a recent raise in the exchange rate, i pulled em all out of UK and returnrd the balance to AUD Australian dollars. i was getting a payment about every 4 months. but as the interest rates dropped toe priz payments dropped, and waiting times to win a prize went up. I think i did the right thing. I think its a great plan, as the entry fee is always reclaimable. and there is a chance every month o... [ More ]

Reply #4

Raven62 — Fri, 02 Oct 2015 16:36:20 GMT

Premium Bonds are simply a savings account you can put money into (and take it out when you want), where the interest paid is decided by a monthly prize draw. You can win between 25 and 1 million, tax-free - or, most likely, nothing.

The minimum holding is 100 (or 50 for monthly standing orders) and the maximum is 50,000. So put a grand in and you get 1,000 1 bonds. Each of these is then individually entered into the prize draw. They can be bought online, over the phone, by post or through... [ More ]

Reply #3

psykomo — Fri, 02 Oct 2015 13:07:15 GMT

Does UK raise billions?

Does UK pay interest and then tax 100% of interest to make there billions off YOU?

What kind of prizes....whopper choppers....plastic plates or cups....or whatcha git ?

SOUND$ INTERESTING.....

Reply #2

BobP — Fri, 02 Oct 2015 13:02:21 GMT

Problem is working capital is raised, but all money is eventually paid back in full to the investors. Would have worked better when there was real interest growing to be paid out in prizes. My bank just offered me .01% interest on my checking account. http://www.accessinfohub.com/premium-bonds/

BobP

Reply #1

myturn — Fri, 02 Oct 2015 12:46:51 GMT

With such bonds, the US Treasury could raise billions of dollars

Would Premium Bonds Work In The US?

myturn — Fri, 02 Oct 2015 11:23:14 GMT

As Premium Bonds have been very successful in the UK!

A Premium Bond is a lottery bond issued by the United Kingdom government's National Savings and Investments agency. The bonds are entered in a regular prize draw and the government promises to buy them back, on request, for their original price. The bonds were introduced by Harold Macmillan in 1956.

The government pays interest on the bond (1.35% in May 2015). Interest is paid into a fund from which a monthly lottery distributes... [ More ]