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PREMIUM BOND THREAD

968 replies

Blondeshavemorefun · 06/05/2021 09:56

New thread for us for June draw

Let’s hope we all win something next month

OP posts:
HappyDaysToCome · 02/09/2021 10:22

Nothing ever, 4 months in on £20-something-k. Boo!

LuckyHedgehog · 02/09/2021 13:16

Our worst month so far: £25 for me and nothing for either DD or DS (all on full holdings).

recklessgran · 02/09/2021 13:52

Nothing for us yet again on full holdings.
We are not doing well at all.

smallgoon · 02/09/2021 14:28

Nothing for me this month. I've now taken 70% out and plan on topping up my vanguard general account. Made a small fortune on there in August alone, probably more than I'd make in a year with Premium bonds.

absolutelyknackeredcow · 02/09/2021 14:29

@smallgoon

Nothing for me this month. I've now taken 70% out and plan on topping up my vanguard general account. Made a small fortune on there in August alone, probably more than I'd make in a year with Premium bonds.
We have a large amount in there (between me and DH in excess of 40k) but nothing this month. I might take some out and stick in ISA - for same reason you say
JesusMaryAndJosephAndTheWeeDon · 02/09/2021 15:00

Nothing for me this month but I am not doing badly this year.

notapizzaeater · 02/09/2021 16:41

2 x £25 for me, BUT my mums best friend won £25k this month (on about a £25k holding)

Eaumyword · 02/09/2021 17:05

Wow, that is AMAZING!

zighead · 02/09/2021 17:24

£25 for me on approx 19K but nothing for DS who has 6K.
I do enjoy pressing the reveal button but yeah perhaps it would be better to invest.

Upupupintheair · 02/09/2021 17:51

£0 on a £9k investment this month. Oh well there’s always next month!

I also invest in a S&S ISA each month and put the bulk of my investing in there. My premium bonds is purely an emergency fund that I use as a holding account and if I win, well it’s a bonus 🙂

userxx · 02/09/2021 18:35

@notapizzaeater

2 x £25 for me, BUT my mums best friend won £25k this month (on about a £25k holding)
Oh amazing!!! Hope she's treats herself and your mum 🍷
Blondeshavemorefun · 02/09/2021 19:08

Nice to know someone who has won £25k

Glad a few of us have won this month

OP posts:
absolutelyknackeredcow · 02/09/2021 19:50

@notapizzaeater

2 x £25 for me, BUT my mums best friend won £25k this month (on about a £25k holding)
Amazing
Jasmine11 · 02/09/2021 21:05

My 17 year losing streak came to an end this month with my first win of £25 :) This is my second month on full holdings, before I had around £1k worth of bonds since around 2004 or so.

JayAlfredPrufrock · 02/09/2021 22:32

Patience is a virtue.

Gufo · 02/09/2021 22:36

£75 between dh and I. So far we're on about 1.5% interest but will recalculate when we've had our PBs for a year.

Well done to the friend who won 25k. How lovely!

BarbaraofSeville · 03/09/2021 05:57

@Rugsofhonour

Do you all work out what % return you are making on your investment?

Several people have said £25/month on a ~£30k holding which is really bad. Even £50 per month would be pretty bad.

Nothing for me on about £35k for the second month running, but I'm doing OK this year and did really well in 2019 and 2020.

I've worked it out for the last couple of years, not mega accurately just compared winnings with average balance over the year. I have a passing interest in statistics so looking at expected frequencies of different number of wins over time and how I compare with average odds.

But I disagree that £25 or £50 on £30k is bad, its within the expected range and significantly better than many savings accounts, which is what you have to compare with. You can't do any better without tying up your money or risking it by investing. It's as good a place as any to keep your emergency fund or savings for new cars, extensions or similar large purchases that you expect to make in the next couple of years.

The stated average payout is about 1% per year, so on £30k you would probably win about 8-10 £25 prizes a year on average (not quite 1% because the larger prizes skew this), say expect to win £250 per year.

The best instant access savings account pays about 0.5% per year, or £150, so most people will be ahead of this. Plus there's the gamble that you may win a much bigger prize or significantly beat the interest, without risking capital, like you would with investments.

You're effectively gambling guaranteed interest for the chance that you'll get more than what instant access will pay.

ImHauntingThisPlace · 03/09/2021 06:37

£25 on the first month on 30k, I'm happy Grin

grumpypug · 03/09/2021 06:51

Nothing for me or my 3 dc this month. Got £25 last month for one of my dc so the others were expecting it to be their turn! Grin

We only have a relatively small holding between us all though, so I wasn't expecting a win this time.

OublietteBravo · 03/09/2021 07:17

I’ve won £800 in the past 12m which gives me an annual return of 1.6% based on my current holding. (Although this is an understatement of the actual return because I had a smaller amount invested at the start of the 12m period). I think that’s OK - especially as I’ll need the money shortly to pay for an extension.

pigear · 03/09/2021 08:22

Nothing this month on full holdings spread across 2 accounts.

But my daughter who only has 200 in hers won 25, she's only had them for a couple of months so very happy for her.

I had 100 in for about 16 years and never won anything!!

Dyrne · 03/09/2021 08:55

Another one here who is using Premium Bonds as an emergency fund. Yes, I’ve made better % returns recently in my S&S ISA but I don’t want to risk this capital or lock it away for the longer term.

Won 2 x £25 on £10K this month so am happy with that - first time ever winning 2 prizes so got a little thrill!

Even if I don’t win any more that’ll be a 0.75% return so far this year which is better than any easy access saver I’ve seen.

Hekatestorch · 03/09/2021 10:46

So I have just opened my account this morning.

My application has been received for processing.

My daughter (17) has some in her name that she has control of. Does anyone know if I can pay £25 a month to top hers up?

RainingYetAgain · 03/09/2021 10:53

@Hekatestorch
Yes you can. I have a DD for both of my adult sons. You need her Premium Bond Holder number and the Premium Bond bank account details,( which was the same for them and me, so I assume its standard). You add the Holder number is as the referance.
They get a monthly email confirming the new bonds.

Hekatestorch · 03/09/2021 11:11

[quote RainingYetAgain]@Hekatestorch
Yes you can. I have a DD for both of my adult sons. You need her Premium Bond Holder number and the Premium Bond bank account details,( which was the same for them and me, so I assume its standard). You add the Holder number is as the referance.
They get a monthly email confirming the new bonds.[/quote]
I need to dig out the paper work. Or rather my mum does.

Dds were bought by my grandad (now deceased) but he gave cash to mum and mum did it at the post office? Might have been the post office.

She is away til sunday so will ask when she gets back.

I want to add a lump sum and then each month's. Then do the same for ds.

Once mine is set up, I will transfer more to mine. I am quite excited for my first draw 🤣