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Original poster

PREMIUM BONDS DEC INTO 2024

934 replies

Blondeshavemorefun · 02/12/2023 09:22

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 😁

OP posts:
Thread gallery
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Original poster
Blondeshavemorefun · 16/12/2023 15:23

OneFrenchEgg · 16/12/2023 09:07

Oh you're all doing it now 😂 my first two blocks of £5k are in the January draw and I've set up savings somewhere else so will only add lumps in future

We will see if you win jan first 😂😛

OP posts:
1975wasthebest · 16/12/2023 15:40

I’m also in the experimenter’s club - I bought £1K of bonds a few weeks ago and will do the same in February.

littleblackcat27 · 17/12/2023 05:54

@OneFrenchEgg @DaydreamerBetty and @1975wasthebest

Yay - make sure to report back on experiment!

Original poster
Blondeshavemorefun · 17/12/2023 08:07

It's eggsperiment @OneFrenchEgg 😂

OP posts:
ThisWomansWorkNeverEnds · 17/12/2023 09:09

I am watching the experiment with interest too!
I have been buying £100/ month in bonds for years now as a way to save. I've been under the interest rates for a while now so maybe best to cash in bonds and buy in large chunks as well.

DaydreamerBetty · 17/12/2023 10:38

I’ve just had a look out of curiosity as I have some large blocks already:
£1000 eligible since sept 2018 has won me x3 prizes
£2000 eligible since November 2019 x2 prizes.
It will be interesting to see how the 5k will perform.

KohlaParasaurus · 17/12/2023 10:39

On the flip side, my DH's holdings are in two blocks of £25,000 and he hasn't had particularly good luck (£50 last month).

(I'm hoping the Premium Bond Gods will decide to make a liar of me and give him a bonanza at the next draw.)

KohlaParasaurus · 17/12/2023 10:42

If I was motivated I could have a look and see whether my block of around £33,000 has attracted more wins, proportionally, than the dribs and drabs that make up the rest of my holding, but I don't think I've held it for long enough or had enough prizes overall to be able to make a meaningful comparison.

Kaltenzahn · 17/12/2023 12:24

My holdings are all in relatively big chunks and I think I have some of the worst luck ever! ☹

OneFrenchEgg · 17/12/2023 12:29

Blondeshavemorefun · 17/12/2023 08:07

It's eggsperiment @OneFrenchEgg 😂

So eggciting when you hatch a plan

LAHallucinations · 17/12/2023 13:31

People can do whatever they want with their own money, obviously, but there's no logical reason to sell all your bonds and buy them back in one big chunk. Each individual £1 bond has a one in 21,000 chance of winning a prize. How many other bonds you bought in the same transaction is irrelevant.

OneFrenchEgg · 17/12/2023 13:52

@LAHallucinations don't worry we know this. It's just a daft experiment

Cowhen · 17/12/2023 16:55

LAHallucinations · 17/12/2023 13:31

People can do whatever they want with their own money, obviously, but there's no logical reason to sell all your bonds and buy them back in one big chunk. Each individual £1 bond has a one in 21,000 chance of winning a prize. How many other bonds you bought in the same transaction is irrelevant.

Yes! Thank you for saying something!!!

For the experimenters, of course people can do as they choose, but the only guarantee is missing an extra draw this year needlessly. It is a fact that the machine does not know how your bonds are grouped. So even if your big chunks win more in the next few months, it would just be a coincidence. But carry on if it makes you happy. It's your money. Doesn't make sense to me though.

Original poster
Blondeshavemorefun · 17/12/2023 17:00

Oh clever @OneFrenchEgg

Fwiw mine are usually bought in £25/50 basically what my winnings are

The £10k I put in a decade ago got drawn and spent for ivf

So any money since /the balance is in drips and drabs

So does seem to work for me

But I do seem very lucky - or was in 2023

Maybe 2024 I won't win at all

OP posts:
thedukeofbuckinghamshire · 23/12/2023 15:18

Anyone find the app crashes a lot? Constantly says somethings gone wrong. Sometimes I just like to check my money is still there Blush

redastherose · 23/12/2023 16:14

I'm really pleased this year I've had £1,675 in total on full holding.

GeneCity · 23/12/2023 17:58

redastherose · 23/12/2023 16:14

I'm really pleased this year I've had £1,675 in total on full holding.

This is a 3.35% return, which is OK - it's lower than readily available easy access savings accounts, but then you do get the chance of winning big every month.

I've taken a lot of mine out to pay off a block of my mortgage, but I've still got a reasonable amount left.

What a good start to 2024 someone will get 💛.

1975wasthebest · 23/12/2023 18:13

App results will be available on the 3rd, btw.

Original poster
Blondeshavemorefun · 23/12/2023 18:33

So - think this is right - esp as bank hols

Fri 29 Millionaire
Tue 2 winners list to £1000
Wed 3 app

OP posts:
poostinkywink · 23/12/2023 22:07

Hi all, pls can I just check because I don’t have the app. But is it Fri 29th agent millionaire, Tue 2nd big winners list published, Wed 3rd all other (smaller) winners on the prize checker revealed? 😬

ThisWomansWorkNeverEnds · 23/12/2023 23:15

I've worked out my percentage winnings for this year is only 1.6 %. Which is rubbish. I'm hoping for something better soon!

Original poster
Blondeshavemorefun · 24/12/2023 08:40

poostinkywink · 23/12/2023 22:07

Hi all, pls can I just check because I don’t have the app. But is it Fri 29th agent millionaire, Tue 2nd big winners list published, Wed 3rd all other (smaller) winners on the prize checker revealed? 😬

I think so

I posted that above you

OP posts:
1975wasthebest · 26/12/2023 10:49

Draw time again, next week!

I think 2024 will be the year I put all of my future savings into PB’s. My income varies month by month but I think I can save on average £500 a month and will reassess at the end of next year and see how I’ve done re winnings.

Inyourwildestdreams · 26/12/2023 11:42

Hello!

Hope you don’t mind me jumping on to ask a quick question 😊 I really don’t know much about Premium Bonds but they have been suggested to me as somewhere to put my sons savings. He’s 3yo currently and has £7k sitting in a bank account. He gets 3.11% interest on £4999 and 1.44% beyond that.

Theres no guarantees with wins on PBs, I know. And I’m assuming you don’t earn any interest and they just hold their value? Are they easy enough to cash out at any point should he want to? Is there a minimum amount to invest? Eg, if family give him £20/30/50 etc, is it easy enough just to add in to his PBs or are you buying them in like £100+ per time?

And what’s best to do - buy in his name? Do I then just deal with it as his guardian? Or do you hold them in your name but know it’s for your kids? If that makes sense?

Sorry for the silly Qs 😊 I need a beginners lesson! Lol.

Kaltenzahn · 26/12/2023 13:03

Inyourwildestdreams · 26/12/2023 11:42

Hello!

Hope you don’t mind me jumping on to ask a quick question 😊 I really don’t know much about Premium Bonds but they have been suggested to me as somewhere to put my sons savings. He’s 3yo currently and has £7k sitting in a bank account. He gets 3.11% interest on £4999 and 1.44% beyond that.

Theres no guarantees with wins on PBs, I know. And I’m assuming you don’t earn any interest and they just hold their value? Are they easy enough to cash out at any point should he want to? Is there a minimum amount to invest? Eg, if family give him £20/30/50 etc, is it easy enough just to add in to his PBs or are you buying them in like £100+ per time?

And what’s best to do - buy in his name? Do I then just deal with it as his guardian? Or do you hold them in your name but know it’s for your kids? If that makes sense?

Sorry for the silly Qs 😊 I need a beginners lesson! Lol.

Hello!

You can buy premium bonds in blocks of 25, with each bond costing £1. The maximum you can hold is 50k.

Each bond is entered into the prize draw every month where you can win prizes from £25 to £1 million. As every single bond you own is entered it's possible to win multiple prizes in each month. Prizes can be automatically reinvested as bonds, or can be withdrawn to your bank account (for me this takes about 5 days after the draw).

You don't earn interest so premium bonds don't offer a guaranteed income, but they do offer a chance to win big! With small holdings you can go quite a while with no winnings which can be disheartening but every month we see people winning huge amounts on very small holdings, which gives everyone hope! 😂

You can cash your bonds in at any time with no fee however I imagine it'll take a few days for the money to reach your bank account.

I don't have experience holding bonds for anyone else but personally if you don't intend to buy your own bonds I'd just keep your sons in your name as it's more straightforward.

I love premium bonds, even though I'm not particularly lucky and haven't had great returns. I always get excited a few days before the draw and it's such a good feeling when you win a prize!

I think in your situation I'd leave the 5k in your son's account so he can benefit from the higher interest rates (unless you can find a better savings account), then maybe put anything above (for which you're only earning the lower interest rate) in premium bonds.

Obviously if you do choose premium bonds please come back and join us on the thread!