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

[Jack Straw]

£ 175 for me.

 

[dejavuatbtn]

Hmmmmmm. Big fat zero.

 

[portslade seagull]

Mere £75 for me

 

[dolphins]

Mrs D and I have a decent holding: she won nowt this month whereas I won £125 and have won something each of the last six months. My twin boys have a much smaller holding, one of them has just won £100, the other a whopping £500! Theirs gets reinvested into further holdings.

 

[Brok]

Yep, 2x50 and 1x100 here. Absolutely thrilled with that.

 

[Coldeanseagull]

Keeps saying there's 1 day to go....draw on the 3rd?

 

[Mellor 3 Ward 4]

1x £50 prize for me this month.

Pleased with that as I have a relatively small holding.

Definitely beating even the very best savings accounts this year.

Interesting that you say that it beats what you'd get on (for example) an ISA or one year fixed rate bond.

Some of those quoting their monthly winnings above, I would guess have £50K of bonds.

If you have £50k of premium bonds, you'd have to win approx. £230.00 a month to keep up with an ISA @5.5%

Of course, with an ISA/Bond you don't get the chance to win BIG!

 

[dolphins]

Interesting that you say that it beats what you'd get on (for example) an ISA or one year fixed rate bond.

Some of those quoting their monthly winnings above, I would guess have £50K of bonds.

If you have £50k of premium bonds, you'd have to win approx. £230.00 a month to keep up with an ISA @5.5%

Of course, with an ISA/Bond you don't get the chance to win BIG!

Also it is a piece of cake to get your money (or however much of it you want) from Premium Bonds with no delay or penalties. With other investments there can be notice periods and suchlike...

 

[Coldeanseagull]

Had to uninstall the app then reinstall. missus won £300, me nuffink

 

[Peteinblack]

Me this month

Mrs Peteinblack this month

To quote Siouxsie Sioux, "This is a Happy House"

 

[juliant]

Interesting that you say that it beats what you'd get on (for example) an ISA or one year fixed rate bond.

Some of those quoting their monthly winnings above, I would guess have £50K of bonds.

If you have £50k of premium bonds, you'd have to win approx. £230.00 a month to keep up with an ISA @5.5%

Of course, with an ISA/Bond you don't get the chance to win BIG!

Spot on.

We have been doing the maths here with our pot(s). We have decided to take an amount out of PB for a year or 2 and invest otherwise with the interest rates up. We will definitely gain on it plus we also have the PB in case we win big.

Definitely be savvy about it currently if you have the ability to move funds about

 

[Eric Potts]

£275 in July
£0 in August

 

[herecomesaregular]

After 15 months of no wins at all, I won £50 this month (£4k of Bonds). Still pretty shite.

 

[Elbow750]

Zero this month, and last, but I won 5 months on the trot before that. £9,000 holding so still getting a reasonable return.

 

[wigman]

Zero for me this month.

 

[dazzer6666]

Interesting that you say that it beats what you'd get on (for example) an ISA or one year fixed rate bond.

Some of those quoting their monthly winnings above, I would guess have £50K of bonds.

If you have £50k of premium bonds, you'd have to win approx. £230.00 a month to keep up with an ISA @5.5%

Of course, with an ISA/Bond you don't get the chance to win BIG!

Would further guess that most of those you think have 50k of bonds have also maxed out their ISA allowance anyway so would need to look at other options.

Personally happy with PBs as an investment - annual returns over the past couple of years for us have more or less matched the notional interest rate paid, money is pretty much instantly accessible, prizes are tax free and as you say there’s always the chance of a biggun.

 

[DJ NOBO]

£100 for me from a £6k investment.
The wife has the full £50k and picked up £225.

Cue : what first appealed to you about maximum Premium Bonds-holder Mrs NOBO?

 

[birthofanorange]

2 x £100 for me and 3 x £50 for 'er indoors. Not a bad month, at all.


Edit: Also, a question for anyone who may know:

I have bought my bonds online for several years now, yet I also hold a couple of thousand from primitive (paper) times.
When I look online, it only shows the amount (in total ) that I have purchased online.
I am near the maximum holding, so how do they know about the other paper ones, or are they not included in the £50K maximum?

 

[dazzer6666]

2 x £100 for me and 3 x £50 for 'er indoors. Not a bad month, at all.


Edit: Also, a question for anyone who may know:

I have bought my bonds online for several years now, yet I also hold a couple of thousand from primitive (paper) times.
When I look online, it only shows the amount (in total ) that I have purchased online.
I am near the maximum holding, so how do they know about the other paper ones, or are they not included in the £50K maximum?

They reconcile all holdings….they actually sent me a cheque for £1 which was an old paper bond I had long since forgotten about that someone gave me when I was a kid.

You can add your paper PBs to your account online I think

 

[birthofanorange]

They reconcile all holdings….they actually sent me a cheque for £1 which was an old paper bond I had long since forgotten about that someone gave me when I was a kid.

You can add your paper PBs to your account online I think

That's kinda what I figured, but when I look at my holdings online, the total only
equates to the amount I have purchased online.
Let's say I have bought £45K online, surely my total should read £47K, if they include much earlier purchases?