Where's the premium bonds thread?

[SouthWestmom]

Checked TIO to see if anyone had won and it's vanished!! Surely it isn't contentious 😂

£100 this month which is the most I've ever won so I'm very happy!

Does anyone cleverer than I am have a calculation for working out how much interest your winnings equate to? I've won £250 so far this year on £29500 holdings.

Well if you take the simplistic approach that half the year has gone, which it has, as you can't win anything more until the first of July, and assuming that you've held the £29500 since at least 1 January, the rate is 250/29500 x 100 x 2 (as we're only half way through the year) = 1.7% annual interest rate, which is pretty good and well ahead of anything you can get from instant access savings.

Of course, if you win nothing for the rest of the year, that will go down to 0.85% for the year, which isn't that terrible, considering what is available elsewhere.

I won 2 x £25 this month with 10k holdings. First won since March. Very tempted to take it out now

I tend to think of it against other easy access options. For example, I have an account which pays 1.35% (going down to 1.25% this month). My £19,000 would earn £237.50 in there, so if I can get close to that, I'll be happy.
I've had it in premium bonds for 3 draws: £25 first month, nothing on second and £125 today (5 x £25).

Thanks @BarbaraofSeville that's really helpful @crusheddaffodils I also think of it against easy access savings as it's essentially where we store our emergency fund and other money we want to be able to get to quickly.

25GBP on 14,200GBP - not life changing but there is always next month.

@FiveShelties - better than a kick in the teeth!

@Dinosauraddict it absolutely is

Joining the thread as I bought my first PB yesterday, am I right in thinking the first draw they will be entered into will be August?

That's right. They need to be in for a full month before they're entered into a draw. Good luck!!

Thanks grumpypug

Bought my first lot this month too. Roll on August!

Just bought a big chunk. Excited for August! Good luck everyone!

Does anyone else get really excited the day before reveal each month? I count down to midnight and always find myself checking at stupid AM.

When do you normally get notified? This is my first draw and I know I'm statistically likely to win nothing

I have the Prize Checker app on my phone, so if I click on then I can see from midnight.

Have you seen that one of the July £1m prize winners only bought his winning bond in May. How jammy is that!!!!

@Sunseed

Have you seen that one of the July £1m prize winners only bought his winning bond in May. How jammy is that!!!!

Bloody hell I bought loads of bonds in May too, how unfair!

Has anyone had problems accessing Prize Checker? It's telling me that my code is wrong, but I know it's not. I probably need to dig out my paperwork and get it sorted.

@Dinosauraddict I'm like that too.... usually wake up at some point in the night and end up looking at the app..... can't help myself

Won £25 in my first draw! £8000 holdings. I'm happy with that!

1 x £25 this month on £28,000.

That's really good @GreyGardens88!
I got £100 this month on maximum holdings so I'm really pleased with that

Nothing for my ds with £18.5k holdings.
We also have £18.5k holdings too - this is the first eligible month in tne draw after moving money from savings to premium bonds due to terrible interest rates - £125 win so I'm happy with that!

£50 for us on £29500. I'm happy if I win anything! Have put an extra £5k in that will be eligible from August so I'll keep dreaming of a big win for next month