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 😄

Oh, hadn't thought of that, I'm about £900 shy of the full amount at the moment but I will definitely contact them about that bond.

I won't look at the list today...I won't look at the list today...

There's also a 5k winner on a £25 bond from 1958!

Wow!

I can never work out whether stories like that give me hope for a big win of my own, or just annoy me!

Started looking at the list, skimmed through the 1st 1000, got distracted as to why Plymouth is separate to Devon, accepted a big win probably isn't coming my way and decided to wait for the excitement of tonight/tomorrow.
It seems to have been an awfully long month!

Not on the list. Had crap month last month so fingers crossed.

I love my PB! In the last 6 months I've won £950 in total!!

I still dream about what I would do if I won the £1m...

First thing would be to stop going to work.

And a 10k win for someone who only has £10 of bonds.

not on the 5k and above list. Fingers crossed for something reasonable.
I haven't had as much luck this year as last year. Jan and Feb I got nothing on FH.

Are you able to buy PB monthly? Interested in dropping my lottery money into bonds instead if that's possible

Has anyone ever won over £1k? Does it get reinvested, assuming it won’t take you over FH? Or do you get notified in another way?

You can set up a standing order, yes. The minimum bonds you buy at any one time are £25.

I'm not on the list this time sadly. One day... 😎

I think checking through it has become the highlight of my month though 😄

Thank you for posting the list @Blondeshavemorefun , I really appreciate it.

Also not on the list. Never am

But I do seem to be the higher then average luck in winning for small holdings

But I have had them for years and when I check it's the ones I've had for maybe 20/30/40 yrs that win

Not my reinvested £25/50

But then we know that people who buy £300 and have for 4mths win big !!!

Gives me hope

Yes having £50k many on here do win

But many also don't and think about moving to 6% interest and getting their £1000+ interest a year

Never won that amount but depending what you have invested or bank account

I have recently started to reinvest my winnings as need to build up my pb

Years ago I had thousands but drained then for ivf and extension and after ankle op /not working

But didn't win much then

Now with barely a few thousand I win most months of £25. Last month was amazing at £225 in prizes

But that's rare

If you reinvest they go into next draw at once so no waiting a month like if you buy them

Stayed up til midnight last night to check the app, completely forgot that with the bh it will be the 3rd before any smaller prizes are released.

Love that one of the larger prizes went to someone who had only £6 worth of bonds from 1957!

Areas are done on population so that big winners cannot be easily identified.

Plymouth must be a big enough city to warrant its own "area"

Here in Cornwall we have the Scillies added to the whole county of Cornwall and are just one "area".

I had some old bonds bought for me in 1957 when I was born - there must be a way of checking ?? Ever hopeful!

thank you for the new thread!

placemarking for tonight’s excitement

All the best everyone. I’ll be checking the purple app this evening as last month’s wins (£100 + 2x £25) came in stages (£100 first, the rest later).

There’s a thread in 30 day’s talk from someone who says they have a lottery win, asking for guidance. Interesting reading.

It's in my initial post on this thread

Thanks for that - I'll have to see if I can find the bond card with the numbers on it !

I can't find the white app on Google play, does anyone have a link? I've never won (but only have a small holding) and my aunt who I have POA for hasn't won for 6 months on holdings of £16k

My AM is called Barbara. She is early 60s with a brunette bob and wears a sensible woollen coat and a pair of funky specs and carries a clipboard. Every month I ask my husband if Barbara has been round - I'm trying to manifest her! 😂

There isn’t a white app, but if you mean the cream one, search for ‘prize checker’.