24 Dec '11 14:52>
In the UK we have treasury backed premium bonds: http://www.nsandi.com/savings-premium-bonds
Whilst there is contention about the return on such investments, for example:
http://www.moneysavingexpert.com/savings/premium-bonds?gclid=CIDx5sH5mq0CFYQLfAodnWyeoQ
...I wondered if any people here banked in this type of "investment" with the chance of winning big vs. the value of your interest. There are nominal payouts, some reasonable, but the odds of winning are very low.
Nevertheless, with interest rates now so low (especially outside of ISAs) perhaps the opportunity to win a life changing amount of money, is actually worth the cost of the interest you would have earned in a regular account.
Thoughts?
Whilst there is contention about the return on such investments, for example:
http://www.moneysavingexpert.com/savings/premium-bonds?gclid=CIDx5sH5mq0CFYQLfAodnWyeoQ
...I wondered if any people here banked in this type of "investment" with the chance of winning big vs. the value of your interest. There are nominal payouts, some reasonable, but the odds of winning are very low.
Nevertheless, with interest rates now so low (especially outside of ISAs) perhaps the opportunity to win a life changing amount of money, is actually worth the cost of the interest you would have earned in a regular account.
Thoughts?