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









Mustafa II

Well-known member
Oct 14, 2022
1,719
Hove
£50 off £7.5k.

That makes it £350 in the last 6 months. A phenomenal run considering the relatively small amount I've got in there.

PS Can people stop saying "invested" - Premium Bonds are not an investment.
 


Clive Walker

Stand Or Fall
Jul 5, 2011
3,557
Brighton
£50 off £7.5k.

That makes it £350 in the last 6 months. A phenomenal run considering the relatively small amount I've got in there.

PS Can people stop saying "invested" - Premium Bonds are not an investment.
Quite right. Bonds held. Incredible returns.
 






knocky1

Well-known member
Jan 20, 2010
13,081
Had to wait a superstitiously long time for the first poster this morning before checking ours.
£200 each keeps the 12 month return at 5.5%.
 
















nwgull

Well-known member
Jul 25, 2003
14,430
Manchester
For the first month in a while, my returns have been something approaching the 4.4% average. I guess it's the potential for winning biggly that I have to account for, but overall I feel that I've got far better value from the low-coupon gilts I bought about 9 months ago as far as tax-efficient savings are concerned.
 


seagullwedgee

Well-known member
Aug 9, 2005
3,023
Only £175 this month, from a joint £100,000 maximum holding. That’s equivalent to an annualised rate of return of 2.1% tax free. Compared to the current average luck return of 4.4%.
 








MJsGhost

Oooh Matron, I'm an
NSC Patron
Jun 26, 2009
4,988
East
£75 from a £30k holding. Meh.
 




birthofanorange

Well-known member
NSC Patron
Aug 31, 2011
6,401
David Gilmour's armpit
Sadly my father-in-law passed away in March and my wife has taken on his premium bonds, about £15k worth. Won £10k last month. Cheers, Brian.
Sorry to hear your bad, followed by good news, although how did your wife 'take them on'?
I understood they were strictly non-transferable, and could only be cashed-in by next of kin and obviously you're then able to purchase new bonds, if you so wish.
 




Falmer Flutter ©

Well-known member
Feb 18, 2004
964
Petts Wood
Sorry to hear your bad, followed by good news, although how did your wife 'take them on'?
I understood they were strictly non-transferable, and could only be cashed-in by next of kin and obviously you're then able to purchase new bonds, if you so wish.
Ok, bear with me in case I haven't got this quite right. We notified Premium Bonds of my father-in-law's death and were told that the numbers can be kept in his name for up to another year. My wife is currently sorting transfer of probate for various assets so this £10k win is being "held" by Premium Bonds until this is complete. Once done, this and the original amount can then be cashed in. So yes "take them on" I suppose is not strictly correct, but the letter notifying of the win was sent to my wife.
 




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