PREMIUM BONDS - MAY 2024

[Blondeshavemorefun]

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

PB have been about since 1957

Been 30yrs in April 2024 - so 1994 since a million was then the highest prize

nsandi-corporate.com/news-research/news/30-years-premium-bonds-ps1-million-jackpots#

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

This means they will go into the next months draw without losing a month

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 them hoping win thousands 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

We've seen over the years £100 win £100k and £50 win £25k

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 £1925 in prizes

If have £5k average luck is £175 winnings a year

Obviously some people have better 'luck' than others and some worse - Ie full holdings and not winning anything a month or two

PB odds calculator below

moneymarvel.co.uk/calculators/premium-bonds/

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 £1,925

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 2 apps afaik

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

Blue - often doesn't work for me but those who reinvest their winnings say it shows if won the day before app shows 🙀🙀🙀

And to confuse things I have a White app that is a bookmark - which shows info/list 😄😄😄

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

When do we find out if going to get a visit from AM 😂

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 😄

Yes mine too. Fingers crossed

Wrt the picture in the app, I think we have concluded that if you won in the previous month, you get the new picture in the app around this time. But, it doesn't necessarily mean you have won this month - the picture changes regardless.

If you didn't win in the previous month, then you will have no picture at the moment - but that doesn't necessarily mean that you haven't won.

So there are only 6 high value winners with the same bond total value as me. One of them is from my area! But it's not mine 😭

Yes. Picture indicates you won. It may or may not change. It stays accessible by clicking the 'prize this month' bar until the new results.

No high value prizes this month, finger crossed for the smaller prices. Good luck everyone!

I resist checking the list so I can dream of winning the 100,000 until tomorrow 😁

Same!
Keep the dream alive a day longer 😂

I check the £100,000 winners, but no further.

Tho pending prizes don't show for me

So not sure work for all

Think only get a pic if won the month before

I've always had a pic past few months but no pic this month

But I didn't win last month

So guessing you didn't win either last month

Is the bond holders number the same or different to the winning bond number in the chart?

I know my holding number from the app. But not any of the individual bond numbers.

Several 100k winners in my county with the same holding....

In the app if I click on my premium bonds account it shows the transactions and then there is another little tab you can click on next to transactions called bond record. This shows my bond numbers. They all start with the same digits and letters so I do a search on the winning bond number column for those numbers/letters to see if I've won.

I think the holders number is like an account number so will be different to what is shown on the winners spreadsheet.

Thank you @WhyDoesItAlways I will take a look

Boo. Nothing on the big list for me! Here is hoping for lots of little wins!

Maybe I’m reading the list wrong (I’ve never looked at it before) but it looks like someone in Hampshire has won £25k with a £43 holding.

Can you imagine that? Bet they’re having a great day!

So many big winners this month from my area. There's even one with a very similar holding to me who's won £10k but it's not me. Does anyone else get insanely jealous when they check the high value winners? 🤣

Last month, I rounded my holding up to £5k but I can see now I should probably keep it as a specific amount in future so it’s easier to see on the list if I’ve won big!

That's why mine is an usual number at the end

So easily spot

If I ever had £50k never lol - then my heart would stop a lot every time said winner £60k and my town

Guess would have to wait to use the app to know for sure

I have FH and initially struggled with the list but I think I've mastered it now.

Sort by Area
then total holding
then bond number

I have quite a few blocks (bought them over a long period) and it takes me about a minute to check that I haven't won a big prize because they're essentially sorted by bond no but the list is shorter because the ones not in my area and not FH are sifted out.

*Edited to add I know I quoted you blondes and it doesn't apply to you, but it might help other FHs

I have a £500 prize reinvestment showing in the blue app, my biggest win ever!

Fantastic @boatgirl81 congratulations!

My first draw, I can see from the list there are several £5k and £10k winners in my town but not me sadly!! Or any other amount!!

Quick Q - where it says total value of holding does that include bonds you've just bought that aren't yet eligible?

Ooh I'll check mine

Ooh that's early

Yea it is early! I think the bigger the prize the earlier it shows but I have only had £50 to compare before and that should about 9pm