Premium Bonds Reviews

Fun Facts And Myths About Premium Bonds

Fun Facts and Myths about Premium Bonds

There are many web pages dedicated to successes of the premium bond program in Great Britain but there are also some false facts that are circulating around the net that gives premium bonds a bad name and puts external false information that would keep some otherwise wise investors from even purchasing their first bond. This account presents some of this false information so that the discerning investor can make clear and logical choices when investing their money in the premium bond system. Remember these are myths and false facts that have been discounted by the government agencies that were selected to monitor the actions of the State Savings and Investment agency.

One myth is that the million pound winner is always notified in element on the last day of the month after the drawing. The winner has to be at local or the prize will be given to another premium bond member or will not be given away at all. The fish story and supports another. Since you have to be home to win the amusement, the myth says the statistics stiffener the idea that most people that win the million pounds are in their nineties and that they are home all the time anyway. Most people in their nineties live in a retirement community or nursing home and they would not have an address that would support the myth.

There is a ridiculous rumor that nobody has ever met a million pound winner. This myth contends that it is a inside track hoax and the sole purpose of this hoax is to trick people into giving their money to the power in lieu of taxes. This is completely false. Not matchless is there a website that lists all the million pound winners, it even lists the towns they live in and what date they won. Of course the National Savings and Passion agency is going to retain them secret because the publicity generated would destroy their privacy and make the million pounds more of a task than a pleasure.

There is even a rumor about premium bonds and the famous British comedian Bennie Hill. Though Bennie Hill died at the age of 92, the myth says he had just won a million pound prize and he was killed by his jealous grandmother because of the money. Bennie Hill was already a wealthy man and the age of the jealous grandmother would make her about hundred and twenty years old. This does not only make sense chronologically but the woman at that age would have a hard time killing anyone.

Known has even been a website posted with these myths and the challenge for anyone that has won a million pounds to come forward and dispute the myths. To this day, no one has posted on the site. This is logical because by posting they would be giving up their privacy as well as the alternative of setting themselves up for a scam. The National Savings and Project is a sound agency that guarantees your money. These myths are just created to destroy their integrity.