Date: Mon, 12 Apr 2004 16:40:08 +0100
From: GSV Three Minds in a Can 
Newsgroups: uk.finance
Subject: Re: premium bonds

Bitstring <2004041216291976775@rovert.freeserve.com.uk>, from the 
wonderful person Trev  said
>The message 
>from "Roland Watson"  contains these words:
>
>> Probably asked before, if one invests a few thousand in PBs, does the
>> accumulated wins come out at about the same as a savings account over a few
>> years?
>
>Each £1 bond has a 30,000 to 1 chance of winning a
>prize each month.
>
>See
>
>http://www.nsandi.com/interest-rates/index.jsp
>for interest rates.

Just to add that the =average= rate earned (and given as prizes) tends 
to be slightly lower than the rate on other NS products, although it is, 
of course, tax free. However to get to this average rate, you have to 
include the very small chance of winning the very big prize .. so 
overall most punters do worse than the published 'average rate' on 
premium bonds, but a very few do a heck of a lot better.

As Clint Eastwood said, "Do you feel lucky".
8>.

-- 
GSV   Three Minds in a Can
Outgoing Msgs are Turing Tested,and indistinguishable from human typing.