Hey all!
I have 10k to invest and at the minute I'm thinking of Prize Bonds - they're safe, can be withdrawn at anytime, plus there's an element of excitement to see if you'll win big!
Anyways, I was just wondering how 10k invested in Prize Bonds would compare to investing the same sum into a bank paying interest.
Ok, so I know that of course you could invest 10k for 12 months and receive nada, whereas with a bank your guaranteed some return no matter how small that may be.
I see with the likes of Anglo you could probably get about 7% interest over 12 months.
According to the Prize Bonds website;
"A customer with
1,000 invested has a 4 to 1 chance of winning a cash prize in a 12 month period"
I'm afraid that I'm no good with odds (or maths in general!) so could anyone please explain to me what the above would roughly equate percentage wise?
I know of course, it's all pot luck and you could get nothing, but I'd just like to make a rough comparison of what one could expect to make on PB on average over one year compared to a bank..
Thanks all!
I have 10k to invest and at the minute I'm thinking of Prize Bonds - they're safe, can be withdrawn at anytime, plus there's an element of excitement to see if you'll win big!
Anyways, I was just wondering how 10k invested in Prize Bonds would compare to investing the same sum into a bank paying interest.
Ok, so I know that of course you could invest 10k for 12 months and receive nada, whereas with a bank your guaranteed some return no matter how small that may be.
I see with the likes of Anglo you could probably get about 7% interest over 12 months.
According to the Prize Bonds website;
"A customer with
I'm afraid that I'm no good with odds (or maths in general!) so could anyone please explain to me what the above would roughly equate percentage wise?
I know of course, it's all pot luck and you could get nothing, but I'd just like to make a rough comparison of what one could expect to make on PB on average over one year compared to a bank..
Thanks all!
