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

Nothing for me on circa £6k.
Last win was April.

Still waiting to have the withdrawal in my account. Think it was Thursday, I'll check. Be useful to know the number of days as people have asked before

£975 since March (invested for the first time in Jan) on about £35k combined. Is that a good return?

That’s equivalent to an interest rate of 2.78% over 9 draws. If you assumed a similar rate of return over the next three draws (absolutely no guarantee obviously) then you could say it’s equivalent to an annual interest rate of 3.7%.

Thats not as good as the highest rate ISAs but probably equivalent to the best instant access savers after you take tax into account.

Disclaimer - very back of the fag packet calculation!

Thank you @CaveMum!

I will say it wasn't £35k from the start

March draw was £19k
April £23k
May £29k
August £35k

So really the results are even better than calculated... but I have no idea where to start figuring it out! Plus tracking it alongside interest rate changes... minefield!

I'm going to say it's going well and I like the excitement and easy access 🥳

I could be way off, but I do the following calculation to give me a rough idea for each month:

holding x premium bond prize rate% / 12

I then add up all the figures for each month and see if I have won more or less than expected. This helps me to allow for the changing holding and prize rate

£300 win in total this month - biggest ever. Gave adult DC's £50 each (went through : who needed it most/who earned most/who has a partner contributing etc etc. Decided to give them all the same little treat

I've had mine in for 3 draws now (not quite full holdings, reinvesting) and returns are above average so far - 5.25% pa equivalent. It will be interesting to watch how that effective return fluctuates over the next few months!

Feeling very lucky!
Won 2 prizes this month 1x£100 and1x£25.

First time win. Only £5k invested since April this year. Strangely, this week I withdrew £1500 but still won!

I got £75 this month on full. I'm using it as a deposit for a house so I'll give it one more month then stick it in an ISA and high interest savings account. You can get 7% now

Reposting this so I can track it.
Won £100 do was £11,750 holding.
Cashed £11000 in on Thursday, says up to 3 working days and not arrived Friday.
Will reinvest £5000 immediately and then another £5000 later this month.

@OneFrenchEgg, I don't understand - all you're really doing is losing one month's chance of winning with the money that you take out then re-invest.

Is this something to do with the urban myth that older bonds in smaller blocks win less often?

@GeneCity yes exactly that. Earlier on (which is why I bumped it to find it) I decided to conduct an unscientific experiment. Please dont worry, it's a fun thing not a 'I don't understand maths' thing.

Oh, okay 🙂.

It does come up quite a lot. I remember reading a good written description that de-bunked it. And at the end of the day, it would be pretty big news if Ernie was a rubbishy random number generator.

@GeneCity absolutely, I have set up sensible savings elsewhere now and am just enjoying amusing myself with testing my anecdata.

I know in about 2015 the amount you could invest was increased from 30k to 50k. So there's bound to be more bonds available to win that are 2015-2023 dated.

I had an odd thing today - apologies if someone's explained this before but I did a search and couldn’t find anything.

I won £200 this month (on a £20k holding). Then I had a letter from NS&I in the post telling me I’d received £25 and it had been paid into my nominated bank account. It was 'reallocated because the original winner was not eligible to receive it'.

I suppose if they really can’t trace owners of bonds that have won prizes, they must randomly share out the money. Anyone know? I haven’t come across this before.

That's odd. I thought they kept unclaimed prizes for ages.

Well, that’s the thing, I did too!

I've read people saying something similar on here before, but like everyone else, I didn't think that's how it worked.

Congratulations 🙂!

Maybe it’s something like a bond holder has passed away and the bonds became ineligible?

Someone else on here has had that. I wonder if they can’t trace them.
I believe that if you die they become part of your estate so are inherited.

It might have come from an ineligible Bond. Apparently lots of people try to get round the £50k maximum holdings by using fake names/details. Perhaps the reason why it takes a week or so for the winnings to be credited is because they are double checking details to make sure they are all above board?

If they have no contact they hold them for future claim but if they are found to not be payable (for example person died mire than 12 months previously) then they would probably be redistributable.

Well done!

We have had this twice now (second time was last month), a nice little bonus! 👍