The success and popularity of Premium Bonds program made some irresponsible people who threw the false facts and misleading myths about the implementation of the bond premium, on prizes that are given, concerning those who have never won the main prize of premium bonds and so forth. This kind of people just want to deceive and destroy the program.
Many web pages are dedicated to providing a report on the success of the premium bond program in the United Kingdom, but there are also some false facts circulating on the internet that gives a bad name for premium bonds and putting false information that makes some investors even thought that they were inotherwise doing wise purchase of the premium bond. The report presents false information will make the investors have to be smart and be careful in making a clear and logical choice when investing their money into premium bonds system.
There are even websites that accidentally posted with the myths and challenges for anyone who has won a cash prize of one million pounds to the dispute. Although up to this day, no one has posted on that site. This becomes logical because by doing so they will post compromising their privacy and also opened up opportunities for the scam. National Savings and Investments is a healthy body that ensures your money is safe. So this myth was only created to destroy the integrity of the agency.
Another myth is that the major prize winner of one million pounds are always notified directly on the last day of the month after the draw. The winner must be at home or the prize will be given to the other that owned premium bond numbers or even not be granted at all. This myth is also not true, because it means you have to go home only to win prizes. Myth says that most people who win a million pounds in the nineties is them who have at home all the time. But the statistics say that most people in the nineties living in retirement communities or nursing homes, and they will not have an address that will support these myths.
There is also a ridiculous rumor says that no one has ever met a winning cash prize of one million pounds. The myth is of the opinion that the cash prize is just a trick of government and its purpose is to push people into giving their money to the government in term of tax. This myth completely false. Indeed, there is no website that lists all the winners of one million pounds, even a list of cities where they live and when they win the money. The National Savings and Investment Agency will keep it a secret because of publicity the being generated will destroy the privacy of the winner and will make one million pounds more a burden than a pleasure.
There are even rumors about premium bonds and the famous British comedian Bennie Hill. Bennie Hill died at the age of 92, but there is a myth which says that he recently won a prize of one million pounds and he was killed by a grandmother who was jealous because the money he won. What makes this a false myth is that Bennie Hill has become a rich man and jealous old grandmother will be about one hundred and twenty years old. This is not only unreasonable but nevertheless women with chronological age will have difficulty to kill anyone.
Apart from false facts and misleading myths spreads by an unresponsible people, for sure is that premium bond already very popular and get much in demand by citizens.