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Original poster

To think this is great but can't be right (Premium Bonds )

81 replies

Eeepsh · 02/08/2024 16:11

We were left some money and so bought £5,000 in Premium Bonds last September. We had nearly £1,000 already so total was just under £6,000.

So, in the last year we have won a total of £1,925 (inc this August) which is a % return of about 30%.

It's amazing, obviously, but can't be normal can it? 😂

Hope I haven't jinxed it now

OP posts:
SoulMole · 02/08/2024 16:50

MooseAndSquirrelLoveFlannel · 02/08/2024 16:25

I've had bonds for 12 years and never won anything!

same!

ntmdino · 02/08/2024 16:48

I've had about £5.5k in there for a couple of months, nothing yet. Not totally surprised, though...I'll probably give it a year or so before making a decision about whether to move it - it'll be growing around £1.5k/month, so I'll see where it's at in 12 months before making a decision.

MooseAndSquirrelLoveFlannel · 02/08/2024 16:48

ElephantilonZed · 02/08/2024 16:45

Never?! That's shocking. How much do you have in holdings?

Show quote history

£3000.

I know, it's gutting seeing everyone win and we get nothing.

ElephantilonZed · 02/08/2024 16:45

MooseAndSquirrelLoveFlannel · 02/08/2024 16:25

I've had bonds for 12 years and never won anything!

Never?! That's shocking. How much do you have in holdings?

Chester23 · 02/08/2024 16:44

I have around £10,000. 2 of my bonds won £100 last month's but I hadn't had anything in over 6 months.

I look at it like playing the lottery but I get to keep my money instead

JudgeJ · 02/08/2024 16:42

Eeepsh · 02/08/2024 16:11

We were left some money and so bought £5,000 in Premium Bonds last September. We had nearly £1,000 already so total was just under £6,000.

So, in the last year we have won a total of £1,925 (inc this August) which is a % return of about 30%.

It's amazing, obviously, but can't be normal can it? 😂

Hope I haven't jinxed it now

I know a few people who have 'invested' a sum, usually around £5000, and are well ahead of the markets.

Mousefoot · 02/08/2024 16:41

PissedOffNeighbour22 · 02/08/2024 16:39

Same 😓

This has reminded me to try again to get my money out (they didn't action it the last twice I asked).
They're a nightmare to deal with and in 30 years I haven't won a penny.

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I do all my transacting with them online. It's very straightforward

PissedOffNeighbour22 · 02/08/2024 16:39

Bluevelvetsofa · 02/08/2024 16:27

I’ve never won anything on Premium Bonds, but then I’ve never won anything anywhere at all.

Same 😓

This has reminded me to try again to get my money out (they didn't action it the last twice I asked).
They're a nightmare to deal with and in 30 years I haven't won a penny.

Cobblersorchard · 02/08/2024 16:36

DD has a few thousand in hers and has had absolutely sod all in 5 years!

Mousefoot · 02/08/2024 16:35

Polarnight · 02/08/2024 16:29

I have about £75,000 in a non isa savings account and it earns about £221 a month interest. It gets taxed as I'm a higher rate tax payer and I've used the £500 allowance in 2.5 months.

Would I be better with that amount in premium bonds?

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You can "only" have a max of £50k in PBs.

You're getting about 3.5%, the prize fund for PBs is 4.4% , but that's not the expected return because it'S not spread evenly between holders, some months you'll likely get nothing, others more.

Winnings are tax free though. No one can say you'd be better off, but I'd move the £50k in your shoes. Actually I'd probably look at investing some of it, but if you want to keep it in cash, I'd move to PBs.

CheeseWisely · 02/08/2024 16:32

Amazing OP! DH and I bought £5k between us last year and had our first winnings today, £50!

Not quite your level of luck but better than a poke in the eye! I love draw day (well, I love the anticipation of draw day!) Grin

BeyondMyWits · 02/08/2024 16:31

We have 9000, growing by 250 per month.

We have won £75 this "year"... we do a rolling 12 month tally. Not great... but 12 months ago we had over £1000 on a lower total investment. It is random.

FelineGood76 · 02/08/2024 16:31

We have 45k in bonds, get average 100 per month. A few months ago it was 1.5k.
Actually invested because of the good things I had read on Mumsnet! So far it's turned out to be true.

Polarnight · 02/08/2024 16:29

Ihatemondays1962 · 02/08/2024 16:25

Yes you can take it out at any time without penalty.

Show quote history

I have about £75,000 in a non isa savings account and it earns about £221 a month interest. It gets taxed as I'm a higher rate tax payer and I've used the £500 allowance in 2.5 months.

Would I be better with that amount in premium bonds?

Bluevelvetsofa · 02/08/2024 16:27

I’ve never won anything on Premium Bonds, but then I’ve never won anything anywhere at all.

Original poster
Eeepsh · 02/08/2024 16:27

Polarnight · 02/08/2024 16:24

OK so can you take it out any time or are there penalties?

You can take it out anytime @Polarnight

ok, so I'm obviously taking more than my share - (sorry, not sorry!!) off to buy a lottery ticket before my luck runs out.

OP posts:
burnoutbabe · 02/08/2024 16:27

i have the full amount and make around the 4% average rate.

but if you have less, then you will either make a lot more than average or a lot less.

HungryWombat · 02/08/2024 16:26

Wow we aren't winning like that! The odd 25 over 4 years!!!

I want some of this luck.

Ihatemondays1962 · 02/08/2024 16:25

Polarnight · 02/08/2024 16:24

OK so can you take it out any time or are there penalties?

Yes you can take it out at any time without penalty.

Mousefoot · 02/08/2024 16:25

Polarnight · 02/08/2024 16:24

OK so can you take it out any time or are there penalties?

Anytime, but it can take a couple days to get the cash

MooseAndSquirrelLoveFlannel · 02/08/2024 16:25

I've had bonds for 12 years and never won anything!

BloominHeather · 02/08/2024 16:24

Well I'm trying to build up my Premium Bond holding but I'm only up to almost £2000.
Not won anything yet but I'm living in hope!

Polarnight · 02/08/2024 16:24

OK so can you take it out any time or are there penalties?

Hotgirlwinter · 02/08/2024 16:23

Youve been lucky to have such great returns on “smaller” holdings. I think the average is much more around the 5% like pp has had, that is similar to what I’ve read previously and also had back myself.

But fingers crossed your luck continues and you carry on getting such amazing results! And send some this way too 🤣

SunOnTheRiver · 02/08/2024 16:23

I think you are getting my share @Eeepsh as my return is woeful