No loss - a few bob would be better than a tosser any day!i have a few of them bonds for god knows how long never won a tosser
And it's not a rate of return - i.e. the 2.4% in no way reflects what you can or will earn on your PBs. You could earn nothing and in the meantime your capital is being eroded by inflation.According to the website the prize allocation is 2.4% of the total fund per annum, tax-free.
With instant access deposit accounts paying up to 4% net I don't find that rate particularly attractive.
Indeed. If you already have a diversified portfolio then there is no harm in having a few of them and better than the other options you mention. However they really should not be considered an investement as such and nobody should put most or all of their savings into them other than perhaps for a very short term (e.g. when you have definite plans for a lump sum and are willing to take a chance on a PB win rather than deposit returns).I think that if you want a flutter without losing your money, this is a good way to do it -- not like the Lotto, horses, etc.