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

[Clive Walker]

2 x £50 from 11k invested. I’m 3.89 years away from max holding.

 

[Biscuit Barrel]

Nothing for the second month in a row on a 15k holding.

 

[HalfaSeatOn]

Drew a blank for November

May - £50
June - £100
July - £125
August - £50
September - £50
October - £125
November - £0

On course for an annual return of 5.7% based on £15k if current trend continues

 

[knocky1]

£475 shared between us. Steady and regular 18 month accumulation.

 

[bluenitsuj]

£300 this month
£1800 in 2024 so far.

 

[birthofanorange]

Just £50 this month (with max holding). Been a meagre past four months.

 

[Coldeanseagull]

£300 between us, both maxed out

 

[elwheelio]

I was recently given a £5 premium bond bought as a gift by my grandparents when I was born (I'm in my 40s). I went through the hassle of getting it registered online to find that it is now worth.... £5. For the sake of comparison, £5 invested in the FTSE 100 would now be worth £40.60. What might have been..

 

[BLOCK F]

Zilch for me this month on max holding.
I’m looking for an ‘escaped goat’.

 

[dazzer6666]

£400 between me and Mrs D, just above par on max holding

 

[Elbow750]

Big fat zero this month (£33k holding). Shame, as I'd had good run recently, so now about par for the year on 'expected' payouts.

 

[HAILSHAM SEAGULL]

£325 between me and Mrs HS this month

 

[birthofanorange]

Just £50 this month (with max holding). Been a meagre past four months.

O/h got £300....grrr!

 

[Binney on acid]

£175 for second month running on max holding.

 

[BrightonCottager]

Nothing for the second month in a row on a 15k holding.

And me

 

[BrightonCottager]

Apologies for any repeat posting, but I noticed the nominal interest rate is reducing to 4.1% today.
I don't really understand what happens when you reach maximum holding if you've opted to use winnings to buy more PBs. Can anyone explain it in simple terms, please?
Ta.

 

[Mikey_JB]

Apologies for any repeat posting, but I noticed the nominal interest rate is reducing to 4.1% today.
I don't really understand what happens when you reach maximum holding if you've opted to use winnings to buy more PBs. Can anyone explain it in simple terms, please?
Ta.

They'll simply send you winnings instead of adding them to your pot. Direct into your bank account if they have details, otherwise cheque.

 

[Behind Enemy Lines]

Would people recommend Premium bonds as a good, safe way to save/invest?

 

[dazzer6666]

Would people recommend Premium bonds as a good, safe way to save/invest?

You’ll get polarised views on this because it so much depends on personal circumstances (like a lot of investments). We’ve got about the expected annual return for the last few years on the max holding - as it’s 100% safe and the income is tax-free, it works for us.

 

[Clive Walker]

Would people recommend Premium bonds as a good, safe way to save/invest?

Love it and hate it in equal measure. No volatility and you need a bit of luck. But if you’re after nice little monthly wins with no risk and a tiny chance of winning big it’s just the thing.

I have 11k in PB and 20k elsewhere. I don’t know why I’ve not but the 20k in pb too.