PREMIUM BONDS AUGUST/SEPT 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 then 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 and £1 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/

Or this one is quite good as shows the interest rate of the winnings - obv anything over 5% is good as if in an account you wouid be taxed so be more like 3.75%)

www.candidmoney.com/calculators/national-savings-premium-bond-calculator

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

Seems the higher the winnings the earlier it shows and can be from 6pm the night before the 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 😄

£0 won across £100k holding between dh and I. That’s the second row in the month dh has won nothing. Rubbish!

That's great!!!!

That's interesting and makes sense - I used to be able to rely on getting £25s, but not so much recently.

Nothing for me :( - wondering whether to shift as much of it as I can to an ISA (even though interest rates peaked last year and they're tumbling now, at least it's guaranteed money each money if it's a fixed rate account)

£150 on my 40k block, nothing on the 10k block.

Just worked out my return this year is 2.1% so far - rubbish!

Fingers crossed for next month I guess…

£100 on half holdings. Nothing for the previous 3 months. So £100 for four months....... grrrr

I won £100 on FH, and OH won £400 on FH. I'm pretty happy with that return.

That is a very poor return!

I'm not paying attention to it next month (can't deal with the disappointment!) - I wonder if trying to ignore it might increase the chances of winning

£150 on £47k

First time with FH, 2 x £25 for me, 1 x £25 for DH, all winnings on older bonds. The new ones obviously need to get warmed up 😋

Pretty poor but a win's a win!

£200 on FH for me (2x £50 and 1x £100) so am happy with that after the sad £25 of last month, woke up in the night and checked. Did have a lot of plans for the £25,000 I was hoping for though....

I'm new to pb. I haven't bought any yet, but asking OH if he ever had any, said yes, his mother bought some for him as a child. He doesn't remember ever cashing them in, his mum is dead & he has no clue if they're still active or available.

How would he go about finding out?

https://www.mylostaccount.org.uk/

Ah thank you!

£100 for me and£100 for DD

I’ve won £100 on £4k holdings, really chuffed! That’s my second £100 in the last year plus a £25 so decent returns.

Don’t usually post on here as I never win (and haven’t don’t for years) but I only have a small holding so don’t expect much.

My 2 year old daughter has however won £100 on her £300 holding! And it’s the second time she’s won! Let’s hope some of her luck rubs off on me!

Haha I feel like my little boy is the same. He’s had some bonds, not a lot for two years and hasn’t won a bean. His little sister comes along and has won three times in six months, totalling £150 across small holdings too
congrats to your DC2 👏🏻

I’ve been a lurker with a very small amount of only £3.5k, was planning to give up until I won £250 the past 3 months. I’m not looking forward to the disappointment of the high probability of not winning again next month!!! 🥲

my daughter got her first £25 after 18 months of nothing but I’d like to know something if anyone can help. Just had a text from a family member congratulating the win. They know her bond number I think from when they were planning to transfer some money over, so I guess there’s a way of searching the bond number to see if they’ve won? Felt a bit off that he knew!

I found a PB stubb lurking in the statements box a few weeks ago. After some investigation from PB they found the bonds. Aparently held for 42 year. £10 would have been a lot back then. It is still £10 now 😂

Seems we have a few winners. Well done. And a few losers this month

£1000 seems the highest amount won so far

Nothing on about 6k here (to be expected). I really feel for those with big holdings that are turning up 0. Better luck next month to you all!

@1975wasthebest I know the interest rate changes the total 'pool' but I'm sure I had an email a while ago saying the percentages they were going to allocate to each prize level was going to change. I could also be imagining this though!

£50 - my first win on £10k (invested on last day in May so I think that's the 4th draw)