PREMIUM BONDS - OCTOBER ONWARDS

[Blondeshavemorefun]

https://www.nsandi.com/files/asset/xlsx/prize-october-2023.xlsx

October over £1000 winners

app will show smaller wins tonight midnight

£50 on £17,000.

£0 for me this month. December is our last month before the money goes into an offset so hoping to finish on a high...maybe🤣

Is the prize rate still 4.65%?

Lots of us seem to be reporting 0 on significant investment levels.

£250 for us on FH and £20k .

£200 for DH and I on £10k between us.

Dh and I on FH and just over £10k got £50 each

It is, though Martin Lewis calls it the average return:
https://www.moneysavingexpert.com/savings/premium-bonds/

0 on 4K for me.
£100 on 8k for my son..his first ever win, third month lucky!

@Daffyyellow technically it is but as said that is an average figure and not a guarantee.

It’s premium bonds, no guarantees!

Hmm if I got the average rate I'd have won £720 in the last 6 months and I've won £425. So a fair bit below the average.

But it has only been 4.65% for the past few months. Six months ago it would have been 3.3% (and the alternative places for your money would also have had lower interest rates).

Zilch for me on 23K but DH won £100 on 30K.
Well done to all the winners!

4.65% is the total of the prize fund.

There's no way most will achieve that rate because the high value winners are receiving much more than 4.65%, so there has to be many winning less to make the prize total add up to 4.65% of the total funds invested.

However, they are tax free, so even a lower rate can be a good one.

For example, my son.is a higher rate taxpayer, has maxed out his tax free ISA and used his £500.tax free interest allowance. That makes his winnings of 3.5 percent worth to him 5.83% which for instant access is good and he also has the fun each month.

But, many people are in a different position, paying tax at other rates, so.its definitely a personal decision.

That's the thing isn't it with averages. I have had 2 very lucky months which have pushed my average up. I should have won roughly £900 over 6 months with my holding but I have won just over £1500 but I have had 1 months where I won nothing and 2 months very under average. Only 1 month in the 6 has been pretty close to the 4.65%.

No guarantee anyone will win but that's the risk /fun of it

You could win a million . A large sum

• £25 or nothing

But no risk

Yes you could earn a lot more if have fh via bonds with set interest

So depends if want to take the chance of what if .....

Finally found the new thread!

£175 for me on over £24,000. Pleased but still lower than interest rates overall as haven't won much in last year.
DH won £150 on a couple of thousand holdings so is delighted!
Nothing for both DC on a few thousand each.

Second draw for me and £100, the feeling is very nice

£50 on approx £10k. Better than nothing, but hardly earth shattering

I just got my very first win!! Only £25 and I have less than £4k in there but I'm happy
My DC just had their second win in a row - £50 last month, £25 this month and that's on £5K in bonds.

£50 win on about £5800. I've had bonds since June and have had about a 2.5% return.

Zero for me on 14k.

Nothing for me this month after £100 in October on £8.2k

£175 for me on FH, £25 for DH on FH.
£0 for each DD

I've got £100 this month. I've not worked out how that compares to an account with ordinary interest rates but I do like the hope of a big win.