PREMIUM BONDS AUGUST 2024

[Blondeshavemorefun]

New thread and I've been asked to give some basic info. Feel free to add stuff

PB have been about since 1957

Been 30yrs (April 2024) since a million was then the highest prize

nsandi-corporate.com/news-research/news/30-years-premium-bonds-ps1-million-jackpots#

Each bond is £1. You have to buy in minimum of £25 so means 25 chances to win.

Bonds have to be in for a clear month before going into the draw

If you want to cash bonds in then usually takes 3 days to go into your account

Winnings can be reinvested if holdings are under £50k

This means they will go into the next months draw without losing a month

Or sent to named bank account if over /want winnings in bank account

More info here

www.moneyhelper.org.uk/en/savings/types-of-savings/premium-bonds

The best time to buy premium bonds is on the last day of the month, as this means they are only held by NSI for one month and one day, without being entered into the prize draw.

PB to me is the fun and thrill each month of what if I win big and a millionaire - to them hoping win thousands to a day or two later being grateful if win £25😂

I have nowhere near the maximum and probably never will unless I win £50k + on pb

But only takes one £1 to win that million !!!

I love seeing the low holdings win high amounts

We've seen over the years £100 win £100k and £50 win £25k

Maximum is £50k per person so some do have all for family- mum dad and 2 kids so £200k etx

Those on the thread are varying from few hundred /thousand - to 20/30k to full holdings of £50k

Everyone is welcome to join in whether small or full holdings

One would expect if had full holdings of £50k to win something every month and think over the year to earn the same as if in a high interest account to win around £1925 in prizes

If have £5k average luck is £175 winnings a year

Obviously some people have better 'luck' than others and some worse - Ie full holdings and not winning anything a month or two

PB odds calculator below

moneymarvel.co.uk/calculators/premium-bonds/

From google (august 2023) - The consistent winners are the 1.16 million people who have the maximum £50,000.

They hold almost half of all premium bonds and, at current odds of 21,000:1, can expect a monthly stream of tax-free prizes: two a month and three almost every other month, 28 or 29 a year totaling £1,925

From google (Jan 2024) Tho equally With Premium Bonds, for every person who wins £1 million, a lot of people have to win nothing. So the median average will always be lower than the mean average.

This means that, with average luck, most people will win less than the prize rate each year, regardless of how many bonds they hold

But many on here do have £50k and then consider moving it to an account that pays 5/6% if their bonds aren't doing very well as would then def get extra money

But remember savings /interest get taxed

PB and their winnings don't

So they do dither whether to pull out from pb and put in high interest account if not winning anything

If you have PB but not sure if you have ever won esp if moved about a lot

you can write to NS&I. Include these details in the letter:

	Current name

	Current address

	Premium Bond holder number 

	All previous addresses where you might have registered bonds

	Your signature 

You can send your letter to:

NS&I,
Sunderland
SR43 2SB.

There are 2 apps afaik

Cream - prize checker and if won previous month will show a pic - which we all get excited over 😂😂😂

Blue - often doesn't work for me but those who reinvest their winnings say it shows if won the day before app shows 🙀🙀🙀

And to confuse things I have a White app that is a bookmark - which shows info/list 😄😄😄

Now this has been debated on MANY times but seems to be correct

When do we find out if going to get a visit from AM 😂

The two winners of 
the £1million prizes will be contacted by Agent Million (AM) 😂😂 the day before the first working day of the corresponding month.

There may however be 
exceptions to this, such as when the first working day of the month is a 
bank holiday, for example.

So

Day before first working day - Millionaire knock /call

First day of working month - list showing all winners million to £1k winners - which I always put up for those who can't find it

Day after first working day , including weekends - cream app showing all winnings

You can also check to see if have won via this link with your holders number

www.nsandi.com/prize-checker

Hopefully I've covered everything

Good luck one and all 😄

Obv any July winners who haven't posted on old thread do state your wins here

For aug 🌟🌟🌟🌟🌟

AM wed 31 July
LIST Thur 1 Aug
APP Fri 2 Aug

Placemarking.

Thanks for the new thread. Roll on August!

Thanks for the new thread @Blondeshavemorefun

Thank you @Blondeshavemorefun 👍 I won this month - 2 x £50 (spotted the email while in a work meeting and sneakily checked the app thinking OMG how will I react if I win big in front of work colleagues!)

£50 for me and £350 for OH. Both have full holdings. A disappointing couple of months for me as won nothing last month.

👋 blondes and thank you for the new thread.

You deserve your mega good luck to continue just for that OP!

Signing in to countdown to August 🤣🤣🤣

Hey all, £50 this month, reinvested, getting a bit disillusioned by it all. But here I am!

Thanks for the August thread! I won £150 thus month on approx 12.5k holding- chuffed to bits! That's £750 this year so far, not bad at all.

That's great @hellswelshy

Esp as small holdings. Gives hope to others

Nothing for the third month in a row. Don't even have half of FH but I won something every month for 13 months so was starting to take it for granted. The more I invest, the less I win.

Just upped my investment to FH and won nothing. Previously have been very lucky month to month so a bit disappointed.

Thank you for the new thread @Blondeshavemorefun

Does seem weird that a few with fh don't win each month

Even if £25

Law of average they should win 28/29 prizes a year so 2 something a month

husband and I won £425 and £175 respectively this month, after a poor couple of months only winning £125 between us both in April & May.
Our son who also has full holding has not won anything in June OR July.

Thank you @Blondeshavemorefun I'm ready for better luck next time!

I'm capping mine at £20k for now as my return is 3.3% this year so below what could be achieved in many other places.

£150 for me in July, on approx £27k

Thanks for the new thread Blondes!!

counting down til August!!

Nothing for us on £1600 this month. I've withdrawn as need to pay the builder. Left a fiver in for the craic - you never know 😆

Thank you @Blondeshavemorefun I cannot believe how quick the threads fill up.

That's coz we all get excited form middle of the month

Then dust our houses for AM 😂😂

Great post! It was our first month this month as I recently invested £50k for my son and £10k for myself. I eagerly checked the prize page....and nothing 🤣

I honestly thought with £50k my son at least would get a small amount each month.

I won £50 this month and £100 last month on a £3000 holding so return is 5% this year so far. Nothing for the last couple of years though. Holding on for now in the hope of more to come!

£100 between DH and me with a bit over £50k between us. I’m seriously thinking of cashing in all but a fun amount while interest rates everywhere else are still good.