Thanks Antonye,

Can't say i have seen the HSBC 8% offering will have a look today.

The above explanation on the bonds makes sense. Thanks for taking the time to write it.

I suppose it is a case of seeing how they perform over a set period and compare it against savings elsewhere

Well this is the crucial part of the problem - because premium bonds are a lottery, there is no guaranteed return which makes it impossible to compare against other savings. It's all down to your chance of winning and gambling your money that you will.

I've had £100 worth of premium bonds for nearly 15 years and have won twice, doubling my money. So yes, that's a pretty good investment. However, my sister has the block next to mine and she hasn't won a penny - and her £100 is worth a lot less now that it was 15 years ago. It's all down to chance.

The HSBC have been pushing the 8% on the telly lately...
http://www.hsbc.co.uk/1/2/personal/s.../regular-saver

Hey Antonye, i see your that good a financial predictor, your posting earlier than your displayed time! :lol::lol::lol:

I COME FROM THE FUTURE!!!!!11!!!!seven :borg:

If you look at the monthly results for Premium Bonds you will see that the main winners have largely bought in blocks of £5000.

I am ahead of the game for wins in the last 12 months.