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NS&I: Premium Bond reviews

Name: Premium Bond
Rating: 2.95 (133 reviews)

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2.97

Based on 133 reviews, last reviewed 18th Jun 2024

100% decrease in 5 star reviews

in the past 90 days

100% decrease in 1 star reviews

in the past 90 days

35%

13%

43%

Latest highest rating:

5

The lucky lottery Premium bonds has not only given me passive income every month, it has also given me the experience of building discipline. I have saved diligently to... Read more Reviewed on: 26th May 2024

Latest lowest rating:

1

NIGHTMARE COMPANY. NIGHTMARE COMPANY. DO NOT THINK YOUR MONEY IS SAFE WITH THIS COMPANY. THEY OWE ME £7,500 ! AFTER MY FATHER DIED THEY HAVE DONE NOTHING BUT BLOCK MY MO... Read more Reviewed on: 18th June 2024

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About this product

NS&I bond reviews are honest reviews written by people like you. While many people look at the interest rates on offer, what about the NS&I's customer service? Smart Money People is fast becoming the UK's leading source of independent NS&I bond reviews. We need your help! By writing your honest reviews, you can help increase trust and transparency in the financial world.

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NS&I Premium Bond reviews (133)

Terrible customer service and slow

Terrible customer service and takes such a long time to withdraw funds. Avoid! Reviewed on: 8th May 2020

no wins..

no wins. Had £3000 invested for almost 10 years and have never had a win. Going to put my money else where. Reviewed on: 15th April 2020

Better than a savings account

Easy to use online and earn ore than I would get from interest on a savings account. I don't have the maximum amount in my account, but usually win something every month. Reviewed on: 5th February 2020

Nothing but thieves

Fast enough to take my money but refunding it now that's another matter even after providing ID. Reviewed on: 5th December 2019

Nothing but thieves

Fast enough to take my money. But refunding it now that's another matter. Reviewed on: 5th December 2019

Worst service I've ever received from a bank

Terrible service, keep locking my account for no clear reason. Repeatedly give useless advice, and everything requires posting them a letter and waiting 2 weeks to get anything sorted. Absolutely awful Reviewed on: 4th December 2019

A Great Investment!!

Should you buy premium bonds? The answer is YES! Online buying is simple and secure. The advice I am giving should maximise your chances of winning a prize (£25 minimum) Consider buying in a lump sum, say between £1000 and £10000. For example having a £3000 investment could mean 2 £25 wins a year if you are lucky. That equates to 1.66% interest and of course you can reinvest your prises and NS&I will add 2 £25 bond numbers to your account...easy. With average luck on a £10000 investment you should have 4 £25 wins each year. And of course you have a slight chance of winning a higher jackpot amount but if not and with interest at nearly zero then it is a good secure place to leave your money which you can cash in and receive within 10 days if you want too. It does not give you an income but you can expect to win about £500 to £700 each year if you hold the maximum number of bonds allowed. Best of luck!!! Reviewed on: 12th September 2019

Great service

Very helpful both on the phone and web chat. Reviewed on: 28th August 2019

Good Luck trying to get your money back out AVOID!!!!

It is now Jan 2019 and a request to cash out was sent to NS&I in Oct 2018. We are still no nearer receiving the funds than when we started. They simply do not want to relinquish the funds held and will find ANY excuse not to pay up. They WILL NOT accept correspondence electronically and insist on each correspondence being by snail mail. Some of these letters have taken 39 days to be received. Wrong and conflicting processes and forms advised. Claims that they do not have our signatures on record Request for confirmation of address (sent to the same address) Request for Date of birth The list is endless. I am just about to write back to them with my shoe size just in case they need that too. My advice is NEVER give your money to these people. If you have already given them money then start NOW to get it back. They will use every avenue available to NOT REPAY you. For a government sponsored saving scheme this is absolutely disgraceful and should be subject of a Royal Commission. Reviewed on: 26th January 2019

My advice is.

Unless you as holder has got above the odds 24500 premium bonds is not worth buying. As is disappointing when not winning a prize each month. So my advice is putting 40000 or above in. As 1 month you win nothing because the account has to mature. Is a matter off beating the odds to win the prize. Reviewed on: 14th May 2018

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NS&I: Premium Bond reviews

100% decrease in 5 star reviews

100% decrease in 1 star reviews

Latest highest rating:

5

Latest lowest rating:

1

About this product

Review NS&I: Premium Bond now

NS&I Premium Bond reviews (133)

Terrible customer service and slow

no wins..

Better than a savings account

Nothing but thieves

Nothing but thieves

Worst service I've ever received from a bank

A Great Investment!!

Great service

Good Luck trying to get your money back out AVOID!!!!

My advice is.

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