From: "Toom Tabard" 
Newsgroups: uk.finance
Subject: Re: newbie,couple of premium bond questions
Date: 3 Dec 2006 05:34:13 -0800
   posting-account=BTfy8Q0AAABWuLe_sn11I1MEhN1KcHQj


Tim wrote:
> > Matt wrote
> >>How many premium bonds should you get for =A330,000
> >
> "John Boyle" wrote
> > 30,000
>
> I think they say it's actually (probably)
> 6 bonds, worth =A35,000 each.
>
In any event, you'll get 30,000 units. The 6 bonds probably means you'd
get six certificates each representing a range of 5000 contiguous unit
numbers.

Current annual prize fund is advertised as 3.55% and, after deducting
the proportion paid in large prizes, you might expect the average
number of =A350/=A3100 wins on a full investment of =A330,000 to give you
a regular return in the region of 3% pa, tax-free.( you tend to lose
money when measured against the real rate of inflation, in return for
the remote chance of a large win.)

Worth mentioning regarding the payment by warrant, that, if you have
less than the investment limit, you can opt to have payouts made as
further allocation of bonds.

Toom