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PREMIUM BOND THREAD

995 replies

Blondeshavemorefun · 03/10/2020 07:42

tried to link this on old thread , but was 1000 :( so couldn’t

I didn’t win this month but did last month of £25 - let’s hope will next month :)

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DrMadelineMaxwell · 07/04/2021 20:02

The odds of winning any prize is one in 34,500 (due to them reducing the number of prizes recently to reflect the low interest rate).

In an oversimplification, until I have £34500 in I dont assume I'll anything most months.
Dh has 45k in and wins a prize most months.

Blondeshavemorefun · 07/04/2021 20:48

First email I’ve ever got saying I’ve won

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Newestname001 · 07/04/2021 21:47

When I first started getting emails, I thought I'd won a huge £sum! Still - better than nothing. 🌹

Blondeshavemorefun · 08/04/2021 05:21

Guess not everyone is as mad /keen as us and waiting end of month to see if millionaire

Or checking day early for big wins

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OublietteBravo · 08/04/2021 07:16

Finally got my “you won” email this morning. That took a while!

BarbaraofSeville · 08/04/2021 07:42

^in an oversimplification, until I have £34500 in I dont assume I'll anything most months.
Dh has 45k in and wins a prize most months^

That's how I also think about it. You also have to remember the odds of winning will varying according to a normal distribution over a population level, so while each bond has a 1 in 34 000 chance of winning and if you have this amount, you should win one prize a month, the chances of winning 0, 2 or more prizes each month is also reasonably likely and it's probably best to look at winnings over time, where it's more likely that you'll be closer to the average payout over a year, or over 5 or 10 years. But even over that time, there will still be people in the tail of the curve at either end, who will be much more or less lucky than average.

For example, taking the PP who's had £1000 for 15 years, that's 1000 x 15 x 12 = 180 000 'bond draws' so the average number of prizes over that time with that amount should be 5, and actually higher, because the payout rate was higher in the past, so that poster is quite unlucky, but not impossibly as there will always be a few people with that holding who never win.

If you're interested in the statistics, have a look at the MSE calculator. You can put different holdings in and calculate the chance of winning over various time periods. If you then click on the 'dig into the details' tabs, you can see graphs and odds of the amounts people win over all holders, not just a tiny snapshot as seen on this thread.

www.moneysavingexpert.com/savings/premium-bonds-calculator/#result

The calculator only goes up to 5 years, but for £1000 over 5 years, it says that 17% of people will win nothing, 82% will win at least £25 and smaller numbers of people will win larger amounts.

Constance11 · 08/04/2021 10:15

For example, taking the PP who's had £1000 for 15 years, that's 1000 x 15 x 12 = 180 000 'bond draws' so the average number of prizes over that time with that amount should be 5, and actually higher, because the payout rate was higher in the past, so that poster is quite unlucky, but not impossibly as there will always be a few people with that holding who never win.

I'm hoping my bad luck so far will materialise into a big win one of these days 😂

SB1971 · 08/04/2021 11:30

Has everyone had their winnings paid out yet? Am assuming the delay is due to the Bank Holidays?

Pemba · 08/04/2021 11:47

Not paid yet and not even in 'pending'. Looking back, I see my March prize was paid on March 8th, and it's April 8th now..

Mum45678 · 08/04/2021 12:09

I won £25 on £8000 holding. It's my first month I had that amount invested. Quite pleased.

Blondeshavemorefun · 08/04/2021 13:14

@SB1971

Has everyone had their winnings paid out yet? Am assuming the delay is due to the Bank Holidays?
Not in account yet
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Pemba · 09/04/2021 11:05

Mine is now showing in 'pending', so I expect it to come through on Monday. The 12th of the month, slow! Anyone else?

Newestname001 · 09/04/2021 12:50

@SB1971

Has everyone had their winnings paid out yet? Am assuming the delay is due to the Bank Holidays?
It's showing as credited to my NS&I account (automatically reinvested) 🌹
Blondeshavemorefun · 09/04/2021 13:05

Nothing yet and not pending

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OublietteBravo · 12/04/2021 21:40

Showing in my account (dated today)

Blondeshavemorefun · 12/04/2021 22:40

Ditto in my account today so 10 days since draw

That’s bad. Was only £50

But imagine if was £25/50k and I wanted it

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Pemba · 15/04/2021 01:30

Yeah it is slow. Halfway through the month!

Mistressinthetulips · 15/04/2021 10:38

I finally found my number and logged in to see no winnings - it was coming up that I hadn't asked for reinvestment though that was what I thought I'd selected, it's certainly what I want. Will they actually send me a cheque then do you think?

Blondeshavemorefun · 15/04/2021 14:22

No cheques any more

Have you nominated a bank account

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Mistressinthetulips · 15/04/2021 18:05

Hmm well I don't think I nominated a bank account as my intention was always to have any potential winnings reinvested. I do have a savings account with them so maybe that is what they defaulted to, but hadn't paid it in by yesterday anyway. Confused

Mistressinthetulips · 15/04/2021 18:16

I've looked at my bank accounts, nothing paid in, and it's definitely not in the bonds account though it does come up that I won a prize. I know it's only £25 but that might be the last one I get!!
Fingers crossed it's still just processing.

Cahu58 · 17/04/2021 21:52

I have 40,000 and since October 2020 have won £25 3 times, £50 once and £500 once so much better than interest rates!

Mistressinthetulips · 17/04/2021 22:52

My £25 showed up in the form of a cheque! Have made sure any future winnings (chance will be a fine thing!) just get fed back in.

Blondeshavemorefun · 27/04/2021 18:04

Starts to get excited

Waiting fir my phone call to say I’ve won million

Blondes wishful thinking

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Chewbecca · 27/04/2021 22:07

I thought Agent Millions was still knocking on the door - not a phone call? Did I miss a change? I don’t think I would believe a phone call!

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