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[Finance] Premium Bonds - prize pool increased again - you ever have any luck?



Blue3

Well-known member
Jan 27, 2014
5,565
Lancing
£575 won since the start of this year largest being £150 a couple of £100 the rest £50 and £25 it’s a bit of fun while providing a safe haven with easy access
 




nwgull

Well-known member
Jul 25, 2003
13,715
Manchester
I won £1000 once. Won a load of £25, probably averaging 1 a month.

They’re not a great return in comparison to current savings rates though, just about worthwhile as you don’t pay tax on the returns.
 


mikeyjh

Well-known member
Dec 17, 2008
4,483
Llanymawddwy
They're a very low risk, very low return investment - As others have mentioned, a bit of fun! I think I've got about £16k, never won more than a £100 but heyho, maybe I'm about to win big!!
 








Paulie Gualtieri

Bada Bing
NSC Patron
May 8, 2018
9,157
Seems I’m an outlier then as having £5k’s worth for the last 12 months I haven’t won a thing. I’ve withdrawn and put into a 1 year fixed bond attracts £230 in interest

I’m assuming those that “usually” win have the full allowance invested?
 


Rowdey

Well-known member
Jul 7, 2003
2,536
Herne Hill
Usually win about £1200 per year on £50k investment, which was (still is?) more than regular interest with fairly quick/no charge for withdrawing elsewhere.
 


CaptainDaveUK

Well-known member
Oct 18, 2010
1,505
£100 biggest, which was in January, £75 February but nothing since. We’ve had it for quite a few years now. Can’t even remember what we put in originally, I think it was £5000, as long term savings. It must be worth over £7K now. I always check hoping it might be a big win but never is, although nice when it’s any prize. I think it’s a good way to save and a bit more fun than say an ISA.
 






Peteinblack

Well-known member
NSC Patron
Jun 3, 2004
3,593
Bath, Somerset.
Have got the maximum holding, so obviously increased chance of winning something.

Usually win £25-50 most months, but in April I won £350 and in May £275. This month £50.

I love the sense of anticipation on the 2nd working day of each month when I log-on to check if I (and Mrs Peteinblack) have won anything.
 


dazzer6666

Well-known member
NSC Patron
Mar 27, 2013
52,295
Burgess Hill
Have got the maximum holding, so obviously increased chance of winning something.

Usually win £25-50 most months, but in April I won £350 and in May £275. This month £50.

I love the sense of anticipation on the 2nd working day of each month when I log-on to check if I (and Mrs Peteinblack) have won anything.
I like the prizechecker app 🙂
 












Harold

Well-known member
Jul 7, 2003
1,307
Hastings
Usually 500 to 700 quid return each year. Easy way to centralize any savings and always a chance of something decent win wise.
 


nwgull

Well-known member
Jul 25, 2003
13,715
Manchester
Usually win about £1200 per year on £50k investment, which was (still is?) more than regular interest with fairly quick/no charge for withdrawing elsewhere.
You can get 4% on instant access at the moment. This would be 2K, although with 40% tax that equates to 1.2K if you’ve already used your £500 allowance.
 


juliant

Well-known member
Apr 4, 2011
556
Northamptonshire
We have also noticed the amount we win is increasing. Used to be the odd £25/50 every month or so now its almost every month and the last 3 draws we have won £400.
 


seagullwedgee

Well-known member
Aug 9, 2005
2,983
We have quite a few, and are enjoying better than par ‘luck’. 4.4% in 2022, and 4.7% so far this year.
 




Muzzman

Pocket Rocket
NSC Patron
Jul 8, 2003
5,202
Here and There
I won £50 in 1986, I was 8 years old at the time and it felt like I'd won thousands. I bought myself a Transformer and squirreled the rest away.
 




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