is there any way one can lose their money if they buy premium bonds?.
2007-02-03 09:37:31 · 12 answers · asked by Hope 1 in Business & Finance ➔ Investing
You get no interest on your investment. The more you invest, the more chances you have of winning a prize. In 2006 i won about 18 prizes which is about the same as the interest i would have received had i put the money in a building society.
You can always get you whole investment back if you want to - i like them.
2007-02-03 09:53:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Apart from the value of the pound decreasing and getting no interest, there are absolutely no risks with Premium Bonds, and the chances of winning are greater than for the National Lottery.
2007-02-04 05:38:51 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You lose a little money - the same money that you would lose by putting the money under the mattress instead of an interest bearing account. Or you might win a prize.
2007-02-03 17:42:24 · answer #3 · answered by Anonymous · 2⤊ 0⤋
I don't think there's any risk, except that your money may be wasted. I've had nearly £100 worth for about 30 years and won £50 in that time.
2007-02-03 17:49:41 · answer #4 · answered by Hi T 7 · 0⤊ 0⤋
No. The risk is that you will never win and be therefore worse off than if you had put the money in a normal savings account.
2007-02-03 17:42:34 · answer #5 · answered by epbr123 5 · 1⤊ 0⤋
There are none. It's a risk-free investment, cos if you decide to cash them in at any time, you can - the only thing you've lost is the interest your money could've been earning.
2007-02-03 17:45:19 · answer #6 · answered by Anonymous · 1⤊ 0⤋
There are no risks whatsoever.
I bought some in 2003. Only 1100 to be precise and I've had 4 wins.
I've got no complaints!!
2007-02-03 18:26:51 · answer #7 · answered by sarahjanec 3 · 0⤊ 1⤋
None! Unless the British government go bust.
2007-02-03 17:44:16 · answer #8 · answered by mrhoppy22 3 · 0⤊ 1⤋
you can't lose the money you have invested, but if you don't win any prizes, then the value of your money is falling because of inflation
2007-02-03 17:42:36 · answer #9 · answered by Shan O 3 · 1⤊ 0⤋
None as far as I see. Its the one investment where your capital never diminishes
2007-02-03 18:30:38 · answer #10 · answered by Professor 7 · 0⤊ 1⤋