PREMIUM BONDS JAN 25 .........

[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 every purchase - years ago you could buy £1 at a time.

Odds of winning £1 million on Premium Bonds at face value are 1 in 2,489,469,818 if you have £25 in PBs.

However most people have more than £25 so the odds depend on how much you do hold.

If you have £100 the odds in any given month are 1 in 49,563,028

£1,000 in PB the odds are 1 in 4,954,991

£50,000 in PB the odds are 1 in 96,839

To win anything odds are 1 in 22000

So providing you have more than £100 you have better odds than winning the lottery 😄

And obviously far better than the lottery - you don’t lose your stake !!!!!!

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 winnings take over FH /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 even £1 won £10k

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 /few 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 or even longer

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 4% is good as if in an account you wouid be taxed so be more like 3%)

In August 2023, NS&I hiked the prize fund to a 24-year high of 4.65 per cent from 4 per cent, a level not seen since 1999 🙀🙀🙀🙀

But it has been steadily falling since, and of January 2025, the prize fund rate - the amount of the total fund paid out in prizes - is 4 per cent (www.thisismoney.co.uk/money/saving/article-14127405/Premium-Bonds-prize-fund-rate-cut-NS-deals-blow-savers.html)

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 1/22000 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

To work out your own personal % rate

Take your total prizes, divide it by the number of months and x by 12.

Then divide that figure into your total holding and x 100.

So say £500 prizes in 6 months / 6 x 12 = £1000.

Holdings £30,000 = 1000/30000 x 100 = 3.33% interest rate.

But many on here do have £50k and then consider moving it to an account that pays 4% 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 anything over 3% in winnings is considered good.

So they do dither whether to pull out from pb and put in high interest account if not winning anything so that they will def earn x amount of interest

But then lose the what if won a million or £100k

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 😄

I like the sound of this. We'll all know though if a new poster appears called ScouserInDeepExile.

Me too but you might all guess if a new poster turns up called BoughtButterAndSatinSandals. You could be AllRevvedUpWithASwankyNewPlaceToGo.

I'm going to take a third of mine out, after this draw and whack it in my S&S ISA.

I've won bugger all but DH clearly has the magic touch, so I'll leave his and move mine. Hopefully I'll go out with a bang aka knock on the door first

Dh is still annoyed that although he has lots of bonds (fh) compared to dd (350) she won more in one winning-her only ever win- than he has in one go.

I reckon it must be my turn to win something after nothing last month. And I've boosted my bonds to 36k ready for next month's draw. Fingers crossed for the months ahead for everyone.

You'd be EvenJollierHostess101.

Ideally I'd like to tell one or two people very close to me: very close family because I'd make sure their lives would change for the better and very close friends because they would be genuinely so chuffed for us and it would be fantastic to have some good news to share.

I'd probably be better off not telling anyone really, as I think the one or two people I'd like to tell would be too tempted to tell one other person each, who'd then tell someone else and so on, until the end result would be that I might as well have been a big mouth like you and told everyone! Good luck to you and here's to a better February - you'd have to be 2025wasthebest then.

The HVW list tells us that small holdings do sometimes win big, so don't give up hope entirely! NewCouchSpud?

I just really hope that my mum does win something^^ before she passes away. She's struggled, lived in poverty (alongside my dad when he was alive) all her life. She's struggled deserves something.

just had my account confirmed today!
totally inspired by this thread in Active, I’m a convert! Have put £2000. I feel the OP should get a percentage if I win anything

I opened an account last May as I was inspired by the threads!! I’ve won £125 in less than a year with much less in than you’ve invested. Good luck!

What is AM?

Agent Millionaire - an NSI employee who knocks to tell you you've won.

Also known on the threads sometimes as Agent William (can't remember why, maybe someone in real life misheard!)

Well that’s very kind @Notnewbutveryold😘

OP could name change to Blondeshavemorefunds if she's put on commission or wins a large prize.

I would tell you lot here but nobody else.

Loving the big win name change suggestions.

I would become BondPremiumBondWinnerYippee 😆🤞🤩

Ha ha. That’s a good one

I would love some more funds !!

If I won the million, I wouldn't tell anyone in real life (except DH, of course) but I would report back here about the AM process (probably with a name change).

If I won the million, I would just come on here and tell you all that my notice has been handed in.
(And judging by how mad I am after today at work, that could really do with being next week!).

Unless I've got my workings out wrong, next month's wait will be a little bit better as it's only 4 weeks between this month's draw and the next.

A reminder for anyone intending to add more bonds for next month's draw that today and tomorrow are the last days to do it.

I bought more yesterday as a savings account was maturing and the rate was about to drop.

Cowhengoldengoose?

RichHippy?

Love it! 😁

I'd be InMySquillionaireTime

Back on the thread counting down to next week!