PREMIUM BONDS. APRIL 2024

[Blondeshavemorefun]

New thread and I've been asked to give some basic info. Feel free to add stuff

Each bond is £1. You have to buy in minimum of £25 so means 25 chances to win.

Bonds have to be in for a clear month before going into the draw

If you want to cash bonds in then usually takes 3 days to go into your account

Winnings can be reinvested if holdings are under £50k

Or sent to named bank account if over /want winnings in bank account

More info here

www.moneyhelper.org.uk/en/savings/types-of-savings/premium-bonds

The best time to buy premium bonds is on the last day of the month, as this means they are only held by NSI for one month and one day, without being entered into the prize draw.

PB to me is the fun and thrill each month of what if I win big and a millionaire - to a day or two later being grateful if win £25😂

I have nowhere near the maximum and probably never will unless I win £50k + on pb

But only takes one £1 to win that million !!!

I love seeing the low holdings win high amounts

Maximum is £50k per person so some do have all for family- mum dad and 2 kids so £200k etx

Those on the thread are varying from few hundred /thousand - to 20/30k to full holdings of £50k

Everyone is welcome to join in whether small or full holdings

One would expect if had full holdings of £50k to win something every month and think over the year to earn the same as if in a high interest account to win around £1860 in prizes

From google (august 2023) - The consistent winners are the 1.16 million people who have the maximum £50,000.

They hold almost half of all premium bonds and, at current odds of 21,000:1, can expect a monthly stream of tax-free prizes: two a month and three almost every other month, 28 or 29 a year totaling £1,860

From google (Jan 2024) Tho equally With Premium Bonds, for every person who wins £1 million, a lot of people have to win nothing. So the median average will always be lower than the mean average.

This means that, with average luck, most people will win less than the prize rate each year, regardless of how many bonds they hold

But many on here do have £50k and then consider moving it to an account that pays 5/6% if their bonds aren't doing very well as would then def get extra money

But remember savings /interest get taxed

PB and their winnings don't

So they do dither whether to pull out from pb and put in high interest account if not winning anything

If you have PB but not sure if you have ever won esp if moved about a lot

you can write to NS&I. Include these details in the letter:

	Current name

	Current address

	Premium Bond holder number 

	All previous addresses where you might have registered bonds

	Your signature 

You can send your letter to:

NS&I,
Sunderland
SR43 2SB.

There are 3 apps afaik

Cream - prize checker and if won previous month will show a pic - which we all get excited over 😂😂😂

White - main one with info 😄😄😄

Blue - those who reinvest their winnings say it shows if won the day before app shows 🙀🙀🙀

But I won last month and didn't show anything the day before so not sure it shows for all

Now this has been debated on MANY times but seems to be correct

When do we find out

Last day of working month - Millionaire knock /call

First day of working month - list showing all winners million to £1k winners - which I always put up for those who can't find it

Second working day of month - cream app showing all winnings

Hopefully I've covered everything

Good luck one and all 😄

@OneFrenchEgg no picture on mine, but DH has 'bring me sunshine' lady.

So even if I’ve won £25 in May, I could already see this as pending in the Navy/salmon app?

Ooh nice and close to me, I'll have to get up early last morning of every month then 😅😅😅

This was an interesting read thank you!! What a fab job to have 😊😊

No not at until tomorrow and only if you opt to reinvest

What on earth does she look like?

If you won last month you should definitely have a picture

Oh I feel sad didn't think it through that today was agent million day! And I've already divbird up the money .
It didn't go that far in all honestly .

All 4 of us won last month.

Currently 3 out of 4 see lady with flowers and 1 sees lady in dark (not sure what picture is of, I'll go back and look)

I'll report back when wins are announced

For some yes

Here we go

Good luck

May winners £1k and over

www.nsandi.com/files/asset/xlsx/prize-may-2024.xlsx

Oooh picture’s changed on the app- it’s a singing or shouting woman, possibly in the rain!

Sighs

Sadly not me on the list

I have an unusual amount so easy enough to find it

So many £50k in my area and if I did ever get that amount (unlikely) that it makes it harder as then have to find out when Bought

Lovely to see small holding win big

£100 won £100k

£125 won £50k

£12 won £25k

Where do you guys see pictures on the app?! I have the blue and cream app and I’ve never seen a picture before😂

You get a pic of won the previous month

I saw £100 won £100,000 from Inner London and thought ‘ooo could it be me’ but I saw the bonds were bought in March 23 and mine were bought in March 24🤣 I’m so happy they won 100K, amazing!

Ah okay I’ve never won so makes sense

Not on the big list, back to dreaming of £25 again 🙈

I won 2 at 100 in April and absolutely definitely have no picture. DH won 1 at 100 and has picture of lady.

Perhaps that means I have won huge in May?

@ButterflyKu if you won last month press the blue bar.

There are lots of winners this month with c14k in holdings and not one of them is me

@ButterflyKu that’s amazing after one month. What are the chances?!

Ooh I've got a singing woman on my app!

Nothing on the big list for me, I dreamt my 5yo won £2k last night

Thank you! I’ve never won before so makes sense why I’ve never seen a picture😅