What are the odds me winning a large prize on the premium bonds, holding 10,000?.?

Answer 1

Better than me winning with my 10 thats for sure! lol...;

Answer 2

I'm not qualified financial adviser but I'm nearly there and i speak to people about there investments every day and the general consensus is that premium bonds are not great I've heard the average return is less than 4%. If you are looking for a tax free investment go for a company like Sterling they have access to allot of different funds and instead of relying on luck you can do some research on the different funds and risks involved and put the odds in your favour. You can then wrap this an ISA and get at-least some of it tax free (ISA limit is 7K a year)

Answer 3

The nodds of winning a premium bond prize are millions to one. The more bonds you have the greater the chances of you winning increase. But ERNIE (the number selector) is like a and I'm pissed so goodnightIll gibe a detaikled list laster.....xxx

Answer 4

slim, very slim, or even slimmer than that.

The number of large prizes is very small compared to the amount of bonds in each draw.

Best you could expect is £50 every other month with the odd £100 now and again.

But good luck

Answer 5

Apparently if you hold £30,000 of bonds (the max), with average luck, you can expect 15 wins per year. I guess with a third of that you could expect 5 wins, more if you enjoy better than average luck!!

Answer 6

£10,000? Id cash it in!
Actualy the theoretical rate of return on a premium bond is 7% but obviously whoever gets the cash is down to ernie

Answer 7

i hold 30,000 i recon the return is about 4%

Answer 8

same as the person actually getting it right to answer ur question