PREMIUM BONDS AUGUST 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 (April 2024) 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 😂

The two winners of 
the £1million prizes will be contacted by Agent Million (AM) 😂😂 the day before the first working day of the corresponding month.

There may however be 
exceptions to this, such as when the first working day of the month is a 
bank holiday, for example.

So

Day before first working day - 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

Day after first working day , including weekends - cream app showing all winnings

You can also check to see if have won via this link with your holders number

www.nsandi.com/prize-checker

Hopefully I've covered everything

Good luck one and all 😄

I have list regret this morning. Despite saying I wouldn't look this month, I did, and it feels a bit like the morning after having had wine when I had decided 'no more wine, ever!' because it makes menopause symptoms worse.

Not a sausage on the list for us here but there's always the chance of being thrown a morsel tomorrow... 🤞

Here you are @snowwhat - OP kindly posts it every month around midnight. Good luck!

Thank you so much! :)

also another silly question as I'm very new to the world of PB, but how do you know if you're on the list?! Is it a case of seeing if your area comes up and matches up with how much you have in your holdings? xx

And good luck to you too! :) Maybe because I'm new to it all, but I can't believe how it exciting it is waiting to find out if you've won anything!!

Yes, more or less @snowwhat . Also make sure that you have a bond of that value and that you bought them in that month and year. So, for example, someone might win £1000 who has total PB holdings of £500 bought at various times, but they win on a bond value of, say, £125 bought in July 2024.

Thanks so much! @BuyingButterAndSatinSandals I almost wish I didn't know the list existed now as I'll be poring over it at midnight haha 😂

Thanks and long may your excitement last @snowwhat . As you'll see from reading the thread, it's understandable to become jaded when you don't win much, regularly or at all!

Is anyone having trouble logging in? I keep being sent back to a blank log in screen after inputting my details...

also another silly question as I'm very new to the world of PB, but how do you know if you're on the list?! Is it a case of seeing if your area comes up and matches up with how much you have in your holdings? x

I go in to the link, filter by holding and then check for my amount. Can then see total holdings and then area and which 'lump' won and when it was bought.

What's the earliest we've seen the amounts on the blue app? Doesn't it start off high around 6pm ? And then lower through the evening?

Thank you! I'm starting to wish I'd paid more attention in GCSE IT 😂but am having great fun playing around with the filters. And I'm still like an excitable puppy @BuyingButterAndSatinSandals even though the spreadsheet gods have ordained that I didn't win big (this time!!). Keeping fingers crossed for a little surprise tomorrow though🤗good luck everyone!

Yes - but only if you are set to reinvest

I posted it at midnight

@snowwhat

@Phase2 my winnings of £500 on the blue app was showing at 5.30pm last month. It wasn’t pending but showing on my total as it was invested on 1st not 2nd.

Where as mine never show on the app and I reinvest

Someone in Wiltshire with FH has won big twice this month - £100K and £25K!

Or might be two people who both have FH who live there ?

As I can't log in, can anyone tell me the best app to use and I'll try that way. There appear to be two on play store.

@Blondeshavemorefun does this link come out like yours?

www.nsandi.com/prize-checker/winners

You need to open the picture to see it @musicalfrog . Yellow one is literally 'have I won' and no details of holdings and blue one is like a rubbish account dashboard (you can't add money or transfer like with a bank but it des show all transactions).

I found out this month that you do have to be cautious when checking the list. It looked like we had won £1k which is not to be sniffed at. The area, total holdings, winning 'lump' amount and date purchased all matched but then unfortunately the bond number didn't.

Thank you @Phase2 😊

I don’t think so, because the bond numbers are very close together. I’ll post a pic later.

You need to scroll down and then do all winners

Which brings it to this

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