[Finance] Premium Bonds - prize pool increased again - you ever have any luck?

[Playmaker]

The Mrs and I have max holding and a good month of £950 between us making it £3150 for 2023

 

[dazzer6666]

It’s nice to hear about people winning on the PBs but it means nothing without knowing how much you have invested. You have to compare the winnings with some of the high interest rates available at the moment (>6%). PB win date is 4.65%. Very obviously, a lucky minority will return more than that, and just as obviously most will return less than that.

Last two years our total has been pretty much bang on the average interest rate for the period…..which is what you’d expect I guess (max holding).

 

[seagullwedgee]

We had a 5.2% return equivalent in the Oct draw, and a 7.2% return equivalent in the Nov draw. So, today’s win was effectively 1.5x average luck.

 

[DavidRyder]

I only get email notifications, usually on about 3rd-5th of the month, so hoping for a pre-Christmas bonus!

 

[Nicks]

£125.00
Ticking over nicely £1500.00 so far this year

 

[Jack Straw]

The last two months, I've checked them on the date it says the draw is made and got all excited, only to check again the next day, to find it's a different lower amount.
Anyone else?

 

[Peteinblack]

The last two months, I've checked them on the date it says the draw is made and got all excited, only to check again the next day, to find it's a different lower amount.
Anyone else?

The large prizes are published on the 1st working day of the month.
The smaller prizes are published on the 2nd working day of the month

 

[juliant]

It’s nice to hear about people winning on the PBs but it means nothing without knowing how much you have invested. You have to compare the winnings with some of the high interest rates available at the moment (>6%). PB win date is 4.65%. Very obviously, a lucky minority will return more than that, and just as obviously most will return less than that.

Completely agree. We had 100K PB between 2 of us at the start of the year. Have now withdrawn about a quarter of that to spread around interest savings accounts or ISA's but as the PB are tax free completely we said we would keep most in there

As the saying goes don't put all your eggs in one basket....

 

[Mancgull]

£150 again this month which equates to a return of 6%. Not bad as tax free and no risk to capital.

 

[Colonel Mustard]

£150 again this month which equates to a return of 6%. Not bad as tax free and no risk to capital.

Trouble is, your capital is reducing 6 or 7% a year through inflation. So at least you’ve kept the value of your capital intact without gaining. Better than me. My stock market investments are down about 5%, and that’s before I include inflation.

 

[Si Gull]

Mrs Gull and my combined holdings are the same as my mum's who has consistently outperformed us for over 2 years. Getting annoying now

 

[Ding Dong !]

£200 this month.....£1425 for year so far.

 

[Gazwag]

Mrs Gull and my combined holdings are the same as my mum's who has consistently outperformed us for over 2 years. Getting annoying now

Why don't you just combine your two holdings onto one then

 

[Yoda]

Only started investing in these in August (adding £200 per month after an initial investment of £2000) and already had my first £25 win this month.

 

[Biscuit Barrel]

10k invested and nothing for the past 2 months.

 

[dazzer6666]

£175 total between us. Mediocre month

 

[Shins]

First ever draw for me. Pocketed a cool £0.

Checked the draw at 3am in a techno club in Athens. The scenes if I'd have won big...

 

[Beach Hut]

Huzzah, won £25k

 

[Coldeanseagull]

£350

 

[happypig]

Not a sausage for me or Mrs H this month.