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Does anyone still.buy them? Have thoughts about maybe getting a few.
What do you mean by 'a few'?
I've got £102 which I've had since the year dot 1970ish & have won the grand total of £25. (I cashed the original ones in some years ago, then bought some more but can't remember if the old batch had a winner or the new one.
I had an aunt & uncle who had the maximum each (30K?) & they won bits & pieces now & again, £75, £100 etc.
Got about £1500 sitting in them, easy to access cash and get approx £25 a year in wins.
Just moved a chunk of my savings into them as the average return is supposedly better than my savings account. I have to wait until April before I have a chance of winning though.
2k in bomds for 2 years. Not won a penny.
Cousin had 8k. Won 100k....
Got a few quid in there. We're both self employed so need some rainy day money. Get a cheque or two most months. Nothing big but the chance is there. Better than buying lottery tickets
It is worth comparing to what you could get from a savings account. Premium bonds claim an interest rate of 1.4%, but most people will win less than this. If you have less than £1000, you probably won't win anything in a year.
You can play with the calculator here. https://www.moneysavingexpert.com/savings/premium-bonds-calculator/
My grandad, the tightest man I knew but also the richest, put a shed load of cash in them, better than sticking it In the bank he said. Don't know if that is still the case with ISAs and so on.
i have a fivers worth 🤘🏽
Based on the last three years of ownership I'd say the actual return is ~1%, maybe a smidge over. My sister got lucky with her PB's and had a £500 return after 3 months, which given the amount she's got puts her way ahead of the 1%.
i have a few thousand in there as my instant access rainy day fund for a fair long time
win 25 quid most months , often 50-75quid every other month or there abouts.
once got 500. - which was a nice month .
and then theres the chance of a reasonable win so as above better than playing lotto.
actually i say easy access.,
they have one of the worst websites ever. doesnt matter what i make my password it never seems to accept it and i have to reset it every time (and it needs to be different each time)
My grandad, the tightest man I knew but also the richest, put a shed load of cash in them, better than sticking it In the bank he said. Don’t know if that is still the case with ISAs and so on.
i have a fivers worth 
WTF..?
My return last year was 1.2%, a little higher than the ns&i expected return,which has now gone up a bit. Tax free and better than any cash ISA.
As said, withdrawals are almost instant, taking a couple of days, making them perfect for rainy day money.
Doesn't seem like am investment to me.
Doesn’t seem like am investment to me.
They're not. They're savings for a rainy day, available almost immediately without having to sell investments...
I have non but the Wife has 50k's worth. She has a few £25 wins ans last Month had a 1k win.
Not bad considering she's only had that amount about 3 Months.
I thought the max one person could have is about £30k?
Ah, wait, I see it's gone up. Shows how long it's been since I last looked!
I think, especially if you pay top rate tax, they’re meant to be good as they’re tax-free
You do need to hold enough to be sure of winning reasonably frequently - if memory serves, there’s a 1:2600 chance of winning once a year on average (which can mean none one year and multiple times in others)
as above , not an investment .
a place to store money you need low risk or quick access to when you have other savings vessels doing the large risky gains.
sure you could isa it - but then you have a 0 chance of any winnings 😀
A mate of mines sister won 100k and shared the win among her family. Nice gesture.
I think they are a bit of fun, guaranteed safe by the govt, 1.4% avg tax free, easy access. You have to wait a whole month after purchase to go in the draw.
For the 50k max at 1.4% thats 700 pa, so avg 2 x 25 gbp wins per month.
Better than the lottery in my view.
I bought £2k's worth approx 20 years ago and chose for any wins to be re-invested.
Now have £2950 so not a massive rate of return. I would have done better if I had paid off a bit of my mortgage.
It took me nearly five years to get one win then seemed to get something every couple of months for a year but now get something approximately once a year.
The wins have been two £100 and the rest as £25.
When I started the minimum prize was £50 which meant fewer wins.
I do not often think about them and have not invested new money since my initial £2k.
My Mum did once win £500 when she only has a few k invested - it was that which prompted me to invest.
sure you could isa it – but then you have a 0 chance of any winnings
This is the key bit. You will get better returns elsewhere but you won't suddenly get a £100K return.
I suppose they are for savers who like the semi gambling aspect with no loss
We recently took out a new mortgage to fund home improvements.
The whole £100k went into our PB accounts, the feeling being, we need easy access & the rate over the short time it's likely to be in there will easily beat any cash ISA with similar terms.
Now only have 40k in there (after 4 months, and 2/3rds of the building work complete) but have had about £500+ back, which seems fair.
Obviously, this month is the big one where we get the million 🙂
Re mortgage and home improvements we did exactly the same. Found a v good mortgage deal I wanted to secure at start of works rather than mess around with staged release etc and put the whole job lot in premium bonds to dribble out to the contractors as the job progressed. As has been said, 100% secure, some "interest" we got wins almost every month = 2.1% so over av, and the chance of the "big one".....which we didn't :-<
Find the website works great compared to other poster, but then I use lastpass for all passwords now after disappearing down the reset password / dual authentication time worm hole too may times with accounts in general.
PSA - Lastpass on all your devices highly recommended.
Seems mad not to have at least £50 in there just for the tiny chance that you may win big.
Think I have £400 in there since the 90's. One £25 win in that time. As an actual investment, it's shite.
We've got a fair bit in them, they're doing alright.