PREMIUM BONDS DEC INTO 2024

[Blondeshavemorefun]

New thread for when old is finished at nearing 1000

pleased to say I finally won £100 after nothing in oct and nov

here’s to a happy healthy and ideally WEALTHY 2024 for us all 😁

Waiting for mine as well. Any wins normally go in on the 8th of the month.

Mine arrived today too.

Was usually around 6/8

But as I am now reinvesting this year I won't know for sure

Ooh, just came across this website. Anyone seen it? It calculates likelihood of returns etc

https://premiumbondsprizes.com/#10000

Arrived yesterday. £450 this month pretty chuffed!

Nothing on FH.
I was cross.

I put in £50k as seems some have full and don't win monthly

Still can't imagine ever having £50k unless I actually win £50k on pb 😂

But do you all tot up over the year winnings so if had a big one one month May not win following month

I won £1275 last year with FH. I think that is below average.

It's only temporary as it's going into trust soon for my son after I die.

It's 2.55% for the year.

That calculator demonstrates what we all know - how often you win and how much you win depends on only two things - luck, and how much you have in holdings.

@Backinthedress Thanks for that calculator! Really interesting to compare statistics...

Coz I'm bored and poor I've been playing - it said can work out £200k so that's 4 people at full investment - mum dad 2 kids for example

Not sure how many on here have full x 4 but if you do the link says this

So between you all should win £8.4k a year if average

The interest rate is being reduced from March!

From Paul Lewis on X

The premium bond prize fund is to be cut from 4.65% a year of the total bonds to 4.40%. The balance of prizes has slightly shifted back towards the £25 prizes. Someone with the maximum £50,000 can now expect £1760 not £1860 each year equivalent to 3.52% taxfree down from 3.72%

https://www.thisismoney.co.uk/money/saving/article-12951015/amp/NS-slash-Premium-Bonds-prize-fund-rate-March-draw.html

Not good.

But it also says in the article 'Premium Bonds savers will not see their odds go down', so I don't get it. Hmm.

Thanks @Cowhen . Wah.
That's really rubbish.

I wish I'd applied for one of the regular income bonds they stopped selling in August.

It's the amount of bigger prizes they're reducing, number of prizes remains the âme

Is there a chart anywhere showing how they've increased and decreased prizes?

Just added a bit to my holding so that will be available for the March draw. I'm also one not intending holding PBs for long, it's a tax efficiency until the new isa year as my isa is full. But it's nice to see what it wins in the interim.

It's the amount of bigger prizes they're reducing, number of prizes remains the âme

Not according to the Times article here:

NS&I to cut Premium Bonds prize rate

https://www.thetimes.co.uk/article/03e48821-6cb2-4405-b575-1d886bbf078a?shareToken=874af3f39c31a430e9fa267f7964f89d

The number of prizes will go down to 5.77 million from 5.84 million.

So less prizes and less amount to win ?

I think money week explain it quite well.

https://moneyweek.com/personal-finance/nsandi-to-cut-premium-bond-prize-fund-rate-from-march?utm_term=C8B620C9-E468-4CE1-A078-F62442C7BE66&lrh=a17c0b8514fee9bc33160731e0865be11630ddeb9a0bfb63ff350c4c46732910&utm_campaign=595BDE43-CFD2-41D5-B4D0-B40A0A00BEBE&utm_medium=email&utm_content=A74725F3-F488-4DD0-9A5C-3AD7E0B33C24&utm_source=SmartBrief

Thanks for that link @Bretonbabe

31 million pounds less in total winnings is a hell of a drop.

Shit decision to increase the number of £25 prizes.

Who honestly cares about that prize?

Instead of increasing those they should have reduced how many £50 and £100 prizes were culled.