no its not because that person is dead and doesnt need the money unlike the person who has the unused account . They have lost their savings which you said cant happen .
I’m getting fed up with premium bonds.
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Can't lose **** all if you're dead - that's why they were dormant.
Are you suggesting that the government will just take the money from savings accounts without attempting to contact the account holder because there's been no activity?
Are you suggesting that the government will just take the money from savings accounts without attempting to contact the account holder because there's been no activity?
Here you go. Read it, understand it and then come back on here and tell us what you think should happen to the money in a dormant account when the government has exhausted all efforts to trace the owner.
https://www.gov.uk/government/publications/the-dormant-accounts-scheme
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Sorry, my bad. I didn't realise that Premium Bonds were index linked & paid interest . . . . Oh, wait !
On what planet is £100 20yrs ago worth £100 today & £100 in 20yrs time?
Hey, can you put Premium Bonds on the 3.30 @ Doncaster????
On what planet is £100 20yrs ago worth £100 today & £100 in 20yrs time?
Hey, can you put Premium Bonds on the 3.30 @ Doncaster????
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Steak money would be better. Buy loads of tinned and dried goods, plus items such as soaps and cleaning products instead of putting the money on PB or in a bank. That way you can help towards staving off some of the impact of inflation.
Mottie will become peeved if I mention my preference.
You were not talking about 'worth'. You were talking about keeping your original stake in your pocket for a year, waving it in peoples faces and calling it a win, win, win.
Our premium bonds are easy access cash money. I'm not interested in 'investing' that amount. Even if we put £100k in an easy access cash account, the best rate we could get is about .7%. That's just over two £25 wins per month. We're not losing but if you kept it in your pocket, you would be!
Where's Gas gone? He's gone all quiet.
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Not sure why he would, the whole thread started with a post containing this line.
na i was just speaking to the mrs saying there is a guy on here who thinks having 100k is worth bragging about more or less dailyWhere's Gas gone? He's gone all quiet.
Have you seen the link I put up for you?
I'm sure whatever's done best since you said you were pulling out will be what you've bought in to.
And this is why we have them. The difference, if any, between the interest on the best instant access savings account and what we win on bonds is negligible. I don't want to invest it so it not a matter of what the average percentage payout on bonds are against the rate of inflation. It's between what I could get in any other instant access account and our bond winnings. Maybe if there was something I could put it into that would beat the rate of inflation with absolutely no chance of losing it, I might consider it but while the general interest rate is poop, I'll keep them in.
Anyone on here getting better than the rate of inflation with instant access with a guarantee that your investments won't go down or disappear? Didn't think so.
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Yep. All quiet on the Gas front.Where's Gas gone? He's gone all quiet.
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Probably out having fun.
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