Premium Bonds: How much did £50k win TWO different savers?

[@IvarBones25]

I use premium bonds right now for emergency savings (I had to take it out but slowly putting it back in) I had £1000 in there and won £200. Felt like a massive win 😂

[@ajc6373]

That is a massive win for £1k

[@CandyKoRn]

20% return, yeah that's a massive win!

[@mssdn8976]

6 months £950 with maximum number of bonds

[@kaxar6954]

I started in 2018 but wonder if I should cash in my PB and buy bigger lots. Early on I bought a few lots of £5000. But for the past two years I have tried to outsmart Ernie by buying several lots of smaller amounts 3 times a month. So I have lots of £25, £100, £150 on standing order. My yearly return is around 3%. Guess I am fairly lucky winning a few quid almost every month.. Total invested £45K.

[@Mark-jc6ew]

3 x 50k. Past 6 months 1 = £950, 2 = £550, 3 = £1250. Not a massive return but not the worst. Roll on Friday 🤞🏼

[@jamesmason7262]

I invested in premium bonds not for the amount of interest, more for the fun of checking each month whether I've won anything. I suppose it's like people who do the lottery.

[@tectorama]

My wife and I both have the max amount and have have done quite well, it's rare to get nothing. I wouldn't go anywhere near Santander with savings.

[@derekferguson385]

I bought premium bonds as a child. I’m now 70 and never won a penny 😡

[@mrexpress8002]

You Plonker!

[@nortonchemistry]

Can you do a premium bonds survey to get some big data on premium bonds earnings?

[@meestanaef1109]

My return rate over the same six draws was 2.4%. To me that’s equivalent to 4% in a taxable savings account, so I’m okay with it.

[@catherine4339]

I’ve won £225 from May and I don’t have the full amount in but working on it.😊

[@gb46phk]

I won £575 with £25k invested over this 6 months.

[@lawrencer25]

If you got the same payout for the next 6 month , that wouid be a return of 4.5% . If you get less , then the interest rate wouid be less than 4.5%. Just a thought 😊

[@gianlucapagnoni283]

I think the main difference can be doing a 50k lump sum rather than buying some bonds every month. Personally I like the lottery element of the premium bonds, there is a chance you can win 1M pounds without losing money... for years I played the Euromillion, mostly to have those 5 minute fantasy of "what will I do if I win" and wasted £250 every year in the process...

[@yips_way]

Same here. PB's are a better lottery in my opinon as you still get all your money back if you don't win. I just wish I'd cottoned on earlier. Lots of my family have PB's & I never gave them a 2nd thought until recently. I'm not going to tell them as I'm supposed to be the most savvy 🤣

[@JSDENNETT]

I have 50K not as 1 batch , however the 25K batch always exceeds the 2 10K batchs adjusted ( when limit when up ) and 1k on auto reinvest of £25 blocks yield nothing so far. Jan 2024 was a 6.6% return , last year it was 4.95% ( 2023 )

[@michaelcollins6448]

In the 2000"s I bought the max Premium bonds and won the smallest prize every month, My wife done the same with the same result. After a year all winnings stopped. We switched to the Irish lotto with set same result. We then moved our accounts back to Premium Bonds. Same result. What is the one year limit?

[@michaeloconnor9465]

My wife has had £25 twice in two years

[@johnvallas4752]

Premium Bonds are also one of the safest investments and your money is quickly accessible.

[@Signedpeach]

How do YOU know this stuff? Have you been in the Pre bonds computer programs? You know what you are told just like the rest of us.

[@bullet-catcherhohoho250]

Have 2 lots of £20k for the kids, its not been 2 years yet and to date one has won £925 and the other is £975.

[@squibys2262]

I have nearly 3 years worth of data on bonds, they can say its luck all they like but im of the more conspiratorial belief 😅 The more i gather the better the quality of data overall. Ernie need a unbiased successor lol

[@zxrcol]

I’ve got 35k in pb and I’ve got £1475 back in 10 months.

[@cboaustralia]

Zxrcol did you buy your on in one lump sum Or have you been investing drips and drabs?

[@zxrcol]

@@cboaustralia I bought mine in a few big transactions, I then needed the money and took most of it out, I then bought again as one lump sum about a year ago, I didn’t win this month, I hope to win in February’s draw as that will be a year since I bought into them.

[@denis9450]

The wife and I have 1000,000 my wife last six draws £1575 winnings me £1325

[@MrLeft11]

Damn your luck is A+ I’ve had a tad over what you put in for the last 6 months and it’s been zip zero so far 😂😂😂

[@newpathway]

had 16k in n&s for two years won nothing. waste of time.

[@carolyoung1897]

How safe would premium bonds be if the economy crashed , I know they say they are the safest option but I don’t trust what you are told by the authorities.

[@bilibong0101]

Andy help I need a ISA that accepts dripfed inputs of money from a company called Assetz, in an automatic way as Assetz is a peertopeer company and is releasing monies on a monthly basis

[@bikeman123]

I had to fight to get my money back from Assetz Capital. Bunch of crooks.

[@DRM1891]

I've been pretty lucky with my bonds. Bought my first at the back end of 2020. I have been lucky and inherited some money so managed to get £37k in there for the start of 2023. By the end I had it up to £43k and in total for 2023 I came away with £1,550. Biggest win was £300 in November, with October being the only month I got nothing. First month of 2024 - zero! 😂 It's swings and roundabouts though. What I like is that it's easy to take it back if I need the cash. I keep telling my girlfriend that I'm going to get a knock on the door one day from Agent Million 😂. She tells me I'm dreaming, but hey someone has to win each month! Why not me?!

[@marcse7en]

How long did you have to wait for your inheritance? I've inherited a house and money. My father died 17 months ago, and I've yet to see a penny, or even be allowed to move into my house!

[@DRM1891]

​@@marcse7enI probably worded my initial comment badly. It's not that I have inherited following a family death. It's that a member of my family has given me some money, which they say was part of what I was due to inherit anyway. So they just quite literally transferred it to me. So didn't go have to go through a process I guess. Sorry to hear of your father. Hope you can get things worked out for you very soon.

[@SteelasophicalSteelBand]

It's just a holding account that allows you to play the lottery for free once a month with up to 50,000 tickets! 👌

[@julesflack]

I've had 15k in since May and won £650 so far. Yet I know someone who's had 50k in since the beginning of the year and won nothing 🤷‍♂️

[@dayton8679]

If you have 50k handy, premium bonds are a no brainer at the moment imho. With savings rates as high as they are, you’ll end up paying a large amount in tax with 50k, especially as a higher rate tax payer. The fact all winnings are tax free for PB is the deciding factor for me. Plus that chance to win big. Even a 5k or 10k win would have a decent impact on my life. Just my 2c

[@Cat8395]

Same !

[@audie-cashstack-uk4881]

Not if you split it up between isa and non isa openable isa in March open a second in April max at 20k each then put 10k in the non isa and max out interest tax free

[@thehallstar4642]

But 5% is 2500

[@thetruth1167]

I've got 50k in and from May to October draw received £2200 in total which I'm happy with

[@deanmartin9358]

well done i only have 9k in small bits 100s 200s but bought a £800 in march £300 up so far

[@MaryOlson7]

I watch several KZbin videos on how to trade in the stock market but haven't made any head start because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands

[@MaryOlson7]

@Christina-Gisela Wow that was easy, i found her website and left a message for her . i hope she reply me. thanks.

[@Amelia-Elizabeth]

@@MaryOlson7 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy

[@jimdavies]

I'm on about 7% this year. Helped with a nice £1k win a few months back.

[@MaryOlson7]

@@jimdavies Bridget Mary Turow , lookup with her name online.

[@OH2023-cj9if]

They are all misleading people and offering affiliate links so they get free shares when they sign up. If you want to try, use trading212, open a Stocks & Shares ISA or general investment account. Pick a ready made pie which is a copy of an established investor. Go for Magnificent 7 for example. You not only get paid dividends, but also see your shares go up in value. You don't need thousands to get started either.

[@derekfisher3536]

in four months ive got back £950

[@g.p616]

I have maximum £50k in premium bonds . I win every month; usually £75-150 / month… I recon that’s just under the 3.48% quoted

[@HUMPERS42]

I've used PBs to avoid extra TAXABLE income on my emergency cash savings which otherwise would mean I'd go over the threshold and have to complete a tax return. The vast majority of my income is from S&S ISA, with taxable income maximised but deliberately kept just below the Personal/Savings Allowances/starting rate for savings; so no need to submit a tax return or pay income tax. I realise putting/sheltering £50k in Premium Bonds is a gamble, literally, but for me avoiding the hassle of doing a tax return is worth the risk of getting a below average return on the £50k emergency cash. In practice it's worked out as I've had an annual return from PBs of 8.7% over the years, tax free, but I realise this is purely down to complete LUCK and is likely to change. I admit I have to keep an eye on my taxable income/savings to stay below the tax threshold, but it's not that difficult and is much more satisfying than doing a tax return and paying tax!

[@dayton8679]

Couldn't agree more

[@lynnfisher4396]

@@dayton8679we are in an identical position too, absolutely agree.

[@guitarsandcheesecake1632]

I've not long started my premium bond journey. I started buying almost a year ago. I've won nothing so far. But I have just under£1,000 in PB. I'm gonna continue building the amount up slowly over the next year or so.......good luck, everyone!! ❤

[@PECKTHERECK]

Did you win anything this month?

[@clivebaker9720]

wouldn't it be the case that its the opposite of drip feeding into investments to gain from pound cost averaging ... if you have the funds earmarked you may as well go for all in one go to increase your chances ?

[@guitarsandcheesecake1632]

@clivebaker9720 a bit at a time feels like I've put nothing in

[@clivebaker9720]

ok..can see that ....@@guitarsandcheesecake1632

[@llamudos9809]

Your study was over 6months. Not really conclusive. I have had far better rate of return. What Premium Bonds offers also is quick access to an emergency fund while also getting chance of 4.65 return /year.

[@bangdobrich]

You forgot it's tax free too.

[@llamudos9809]

@@bangdobrich Yes good point non isa saving accounts is going to get low rate tax payers 20% or higher rate 40-45% tax on profit.

[@CorrosiveCitrus]

I wouldn't say premium bonds are ever good for an emergency fund when there are better rates from easy access cash savings -- your emergency fund is always going to be eroded by inflation, that's unavoidable, but with premium bonds, you risk losing the value even faster. Probably best used as a fun way to potentially win some tax free savings when you've already used up your other tax allowances (personal/isa/etc). It's a prize draw, so just treat it like that.

[@llamudos9809]

@@CorrosiveCitrus With Sunak and Hunt raiding Savings and now ISAs i do not agree! at the moment PB are a safe bet.

[@solverf2714]

​@@CorrosiveCitrus I understand the logic but the one thing premium bonds offers over a 5% interest savings account is the hope of winning big without ever parting with cash (directly)

[@Goady1000]

My rate of luck is terrible. I would win nothing with 50k in bonds, I can't even get 3 numbers on lotto with Lucy dip twice a week. I have 2k in bonds

[@chrisbax2156]

I was gifted £54 in premium bonds when i was christened back in the late 60s. Over 50 years on i can report…..Never won anything 🤣🤣

[@hardlines2635]

I can’t understand how someone can be so unlucky, if there is such a thing as luck. I have 5.000 in bonds, had them about five years, I’ve lost count of how many times I’ve won, small amounts but still wins, it makes me feel like I’m actually in the draw, if I went a year without a win I would probably cash them in. Also, don’t want to make you feel bad but I bought my bonds after I won 20, 000 as share of a works lotto syndicate, and it was my line that won.

[@dave597]

This is a very common scenario "i was given £1 in premium bonds 50 years ago for my birthday", it's a nice gesture, but in reality it's like given a stub of a lottery ticket, at the end of the day it's a worthless bit of paper. The odds scale heavily towards amount invested. With £50, there is already a 1,000x less chance of winning compared to someone who has the full £50,000 invested, and even with that you don't always win every month either! The odds favour hugely a higher amount invested, not a longer time. So it's totally expected not to win even over a 600 month period. Then people use this as a reason to say "premium bonds are bad", in reality they had so little invested they never had a chance of winning anything.

[@UKTonyMagill]

That's a useful comment, thanks.​@dave597

[@OH2023-cj9if]

Sell the older ones, buy new ones and keep winning. It's far from random in my experience. Once old ones stop winning I cash them in, buy new ones and win immediately. In 7months I got £1000 total tax free.

[@markpearson8721]

A £50 bond prize automatically reinvested into new bonds in January 2023 has already won me two further £100 prizes since May. I'm currently in my best run of wins ever, but not so long ago I went thirteen consecutive draws without even a single £25 prize.

[@simonebruschi9793]

Premium bonds is the best option if you are in the 45% tax bracket AND have maximised the ISA allowance. The other reason for doing bonds outside the above is if you think you are special (especially lucky) There are no other good reasons

[@28bownser]

There better than a 2 quid lottery ticket 15:07

[@marcusprice3199]

Access to your money is good too.

[@TheJVCMan]

I jist put 50k in last month. I choose to do that as a gamble and because winnings are tax free. fingers crossed.

[@Yaks-04]

did you win yet?

[@marcusprice3199]

How you getting on? I started at the beginning of the year. Got less than half max allowance so far, but building towards it. First eligible month won £125, second month got £50. Above the 'average' rate so far, let's see if it continues this month! Interestingly all three winning bonds so far came from the same £6k block.

[@owentomos2306]

I wonder how many people hold the maximum £50k holding of P.B? A couple of years ago the figure was around 920,000 I believe.

[@ChattyYas]

My friend had £50k in for years! He recently took it all out, as his returns had been abismal.... my other friend had £10k in for couple of years and in that time only won £100... she literally just took her money out the other week...it doesn't matter if you have a lump sum in there, it's still a gamble on luck...Really put me off

[@Pher1954]

I've been trying the £10000 experiment for the last 4 months and I'm up £175. So happy with it so far

[@squibys2262]

What's the experiment? My first experience of bonds I bought in 1k and 2k batches. Sold that all now trying a big chunk.

[@Pher1954]

Same as Andy Webb mentioned@@squibys2262

[@intheplums]

​@@squibys2262what do you mean by 1k and 2k batches?

[@imapadlock]

The real question is…. Is saver 2 single 😂👍

[@johnhynes7891]

Im sorry interest is paid annually, very few if any pay interest for a period of less the 12 months. When you refer to the winning over 6 months you need to compare it over 12 months

[@marcusprice3199]

Exactly. If you have a great first month of the year in PBs, say you won £500, you could put that somewhere else and get a other £25 in interest! The advantage of getting paid tax free monthly prizes never seems to get mentioned in this way.

[@angiej4865]

I've had the max in for 4 months - have won something each month, total £625.

[@brianshefford2317]

My premium bonds provide me with a small passive income usually between £50-£300

[@OH2023-cj9if]

Mine goes in to buying shares!

[@jackma1241]

Just won 5000 pounds this month from my child's account.🎉

[@andy_xtr3861]

The £25 prize used to be £50. They changed it for some reason.

[@tx5190]

It was due to the drop in interest rates. The prize money is funded by the collective interest made on the total cash invested. I believe average luck on £50k invested should return 8 x £25 wins pa or c £200 pa averaged over time. But were all in it for the big 2 prizes.

[@chickenj90]

@@tx5190 On 50k? That's £2350 Per annum on average not £200

[@Ghostzy01]

Doesn’t account for one big win however, one £5K win changes all of it.

[@malc2121]

I am on £900 in the last 6 months, tempted to move the money into a 5.50% isa but i like the chance to win big... i have had a £1000 prize 3 years ago

[@squibys2262]

Should have added an extra month for the savings account calculation as you forgo one whole months gains while you wait.

[@alp8409]

Premium bonds are another way of spreading your risk and should be a lot safer than money in stocks and shares and main a bank. The government keeps saying the first £85000 is safe but will there be enough money to honour this promise if the whole banking sector collapses?

[@charlieboyvespa8610]

Only worth it if your maxed out on ISA allowances, fixed rate bonds etc.....especially when theres 5.7% on offer guaranteed if you can afford to gamble about £230 in guaranteed interest for a Maybe win then go for it!

[@stevegeek]

I’ve won £475 in 2 months since I bought £50k of PB. My wife has £50k worth and won nothing over the same period.

[@dailaffin9066]

Over 20k in premium bonds here and not a single prize in the last 5 months when they supposedly increased the prize fund, I’m out, it’s clearly a scam ffs

[@qed456]

are you sure they put your numbers in?

[@dailaffin9066]

@@qed456 Does make me wonder, there’s no way of knowing is there - does anyone actually audit them to make sure everything is above board?

[@craigcallander565]

I’ve won £775 from may I’ve got the full amount you can save 🤓

[@cboaustralia]

4% interest rate in savings gets you £2000 a year

[@marcusprice3199]

​@@cboaustraliaPBs are gor those who don't mind a bit of risk. Payout may be above or below the average. What REALLY makes a difference long term is how they perform in the first year or two. If you're reinvesting your winnings into PBs then a few nice wins early in the year would give you extra chances for the rest if the year and potentially put you ahead of a savings account that paid interest monthly (if can even find one of those these days). It's a gamble though, and you're much more likely to not start the year with two above average months. It's a bit of fun without losing you're stake. It's not necessarily the best thing to do if £50k is everything you have to invest and guaranteed returns are important to you.

[@thewinkler6647]

Great video Andy. I have done fairly well over some years now with between 40-50k holding, I mean averaging 25-100 pound a month winnings, and the best 600 and 1100 over the last 3 months. So not bad. One thing you may or may not have mentioned was that it is always instant access, I move money in and out all the time. The money I hold in premium bonds is 'savings' I put there rather than with my bank. So returns compared to an instant access account are very good in my case. But as you said it is pure chance.

[@gerardowen7495]

It’s better than doing the lottery as you don’t lose your money. Also no IHT

[@Manc-fh5we]

It’s a draw. What do people expect?

[@ellerellerek52]

I've had £200 in premium bonds for 11 years and I have never won a thing

[@adp3965]

We have £60k in Premium Bonds along with a mix of cash and ETF/Shares. Premium Bonds are by far the most exciting.

[@johnnyg3606]

Luck likely to average out over time so Person A *may* do better in the coming 6 months of draws

[@chickenj90]

Not really how things work but tend to confuse unlikely scenarios with "likely" statistics which doesn't exist.

[@ollie1317]

I decided premium bonds were worth a punt for the chance to win when the interest rates were low so although a fairly low chance of winning but the lost interest you gamble was fairly insignificant so i used them to put away money i didn't need each month. Built up a fair bit now (nowhere nr the 50k yet!) August-oct won 375 but Aug 22- april 23 i got something every month totalling 725 so doing ok. The recent increase in interest rates have made me adjust my thinking a bit and i have also chucked some in a years growth bond with nsi at 4% and another more recently at 6.2% and a regular saver at 7%. The regular savers about to finish and will prob buy more premium bonds with it, ultimately i like the chance of winning big and dare to dream!

[@mark..A]

My son won a total of £650 last month......he has won a total of £5000 since 2020

[@killzone32]

I have had 15k in for the last 11 months and have got a total of £25 once 😢

[@yips_way]

I put money into PB's not to get a better return than simply saving it, but just in the very very minor chance that I could win a decent prize. For me, I worked out what I spent (wasted) on the Euro Lottery which I've never won more than a couple of quid in many years of playing. I then extrapolated that into what I'd need in savings, and subsequently interest, to equal the amount I'd spent on tickets & put it into PB's instead. It roughly worked out at £7.5k & I'm annoyed I didn't do it sooner but hindsight is a wonderful thing. I might (should) put in more as I use up my savings allowance.

[@PeterOMep-fm6wl]

I have held Premium Bonds continuously since September 1973. Over time, the amount invested has fluctuated but I have never touched my original bonds, bought with my first pay cheque. Throughout all these years I have won £0. I have never ever won a single penny. I even wrote to ask if I was still included in the draws a few years ago and was assured that I am. I expect that there are other people who have held bonds longer than me without winning but it feels like the odds of never winning anything in fifty years are probably similar to the odds of one day winning £1m! Here’s hoping!

[@greennewdealoxford]

So, the rates of return you can expect is distorted by the few very large prizes. So, you should not expect to get the average return but lower (unless you win one of the big prizes). Imagine ten people invested equally each win £1 except for one lucky saver who gets £100. The average return is £109/10 eg £10.90 but only one person is going to get anywhere near this. Now, instead of 10 people, think millions of savers with on,y a relatively few big winners and you start to get the idea.

[@ColinMaxwell-oc1ok]

Totally agree if you have less than ten k either move to a higher interest bank or building society maybe 5.5 pc or just spend it and enjoy the money...

[@wyldwiisel9126]

Does it make a difference if you own 10x£1000 or 1x£10000 worth of premium bonds or is every bond a £1

[@willmoore7582]

I've held an average of £25k in bonds since 2017. As an average I would win several hundred pounds per annum, however won £10,050 recently, and several hundred since the new year. 🤑

[@johnavery15]

Audio not the best on this video.

[@waynekerrr9027]

Dont wasteyour money on these things ..only winners are the government

[@fetlocks3]

My experience with premium bonds, have held for five years, started with 30k first year £1,550 plus a prize of £10,000, reinvested to £40k, this year with £40k 12 month winnings are £ 2,150 in total I think I must have been lucky but happy so far, I still keep my eye on interest rates though.

[@ninabeach1]

Do you have to keep buying premium bonds every month in order to win here and there?or do you just put say 10k and leave it there and wait to win?

[@macsidia]

Nope you can buy bonds when you like, as Andy said in the video, each £1 bond has an equal chance of winning a prize.

[@tenniskinsella7768]

Yes ive got over 1000 savings interest so whybput in another high interest account y just pay tax on it im moving my money around it doesnt matter the money is safe thats the most important thing to me

[@BryTube]

Question if i may, is it better to have, in the sake of of this video, "£50k" to be in premium bonds as one big lump or broken down to say "£10k"... paid in 5 times to make £50k.... hope this makes sense, i dont have that amount of money in there, but what i do have is spread out rather than being in one lump some.... just wondered if theres much of a difference, again luck i know lol

[@BeCleverWithYourCash]

It won’t make a difference how and when the money is added

[@Cat8395]

I feel I may be one of the few cases where PBs make complete sense - though happy to hear people’s views: I have 50k premium bonds - I’m a higher rate tax payer knocking on door of additional rate this year (and I will be, as of next year), I have enough cash savings in emergency fund (in a high yield savings account) to exceed what I’m entitled to earn on savings tax free, I max out my ISA allowances by way of a S&S ISA each year, personally contribute 11% to pension (and employer contributes an additional 5%). Currently I’m a Central London renter (got a great deal longish term deal on a lovely flat) with an investment property in the North of England (where I’m from). The 50k in PBs is to be used for a deposit on a primary residence (which I’ll be purchasing 50-50 with a partner in the next 1-3 years) - which in part is why it is not invested. I do also love that little rush feeling of opening up the winnings - but consider the lottery a waste of money. I’ve won 850 pounds since June 2023 (100, 100, 125, 75, 450).

[@Baglady111]

Yes it is luck ……. however, you’re more likely to be lucky if you have a bigger stake! But what you say is correct, if 2 people have the same amount invested then they have the same percentage chance of winning. Spread your money is pretty good advice.

[@Dessan01]

I’ve got 15k in premium bonds - it’s not the net worth of my savings but it’s a good chunk. I know deep down I really should move it out and put it in a 2-3 year fix for 6% - bonds are basically a con, and I don’t have enough in there to make it worth the effort. But it’s that chance of getting that big 200k hit that will allow me to pay the mortgage off - I do a job which involves 12 hours shifts both nights and days, it pays well but it’s terrible for me. I want to go for a promotion and get back to 9-5 (and recently achieved a qualification which will allow me to do that) but the promotion will actually be a demotion financially, with the economy in the state it’s in I just don’t want to risk it. The premium bonds are kind of my monthly ray of hope - this year I’ve made about £150 off of them so a fair way off target 😂

[@jamiewright3901]

I have 50k in there and i’m still of the exact same opinion as you. But it’s mainly down to getting really poor results in the last 6 months despite the rate being higher, i’m now putting money into an Investment portfolio for long term growth

[@CorrosiveCitrus]

This is what lotteries do, they prey on your hope, your emotions A tax on the poor essentially

[@Dessan01]

@@CorrosiveCitrus Totally agree - instead of the money the lotto directly takes, premium bonds take away the earning potential of your money in interest, in exchange for a slim chance to win big money. The way I kind of see it though, what will I make in interest off that money in a year? Maybe £500 if I find a good rate? The money isn’t life changing, where as the money that is winnable in bonds would be.

[@Kenny-on6ye]

​@@Dessan01Thats my view of premium bonds, it's like gambling without losing your stake! Win win!

[@CorrosiveCitrus]

@@Kenny-on6ye only "win win" if you completely ignore opportunity cost/inflation

[@katscotty]

Ive held a £25 premium bonds since 1986 never won a single pound! 🤩

[@qed456]

can only afford £1000 of Premium bonds and have had no payout for 6 years!

[@chickenj90]

Not worth it unless you have like £12.5k+. £1k would be better in a high interest limited deposit account. Can get 7% some places with that much money, £70 a year.

[@chrisdaviesguitar]

I've had premium bonds for 10 years. Never won a penny.

[@polyphonics557]

If you imagine buying into a raffle that has six different colours of tickets....I would argue that your chances on a win improves by buying ranges of tickets in all 6 colours as when a colour ticket is pulled (regardless of which colour) one sixth of your tickets are still in with a chance of matching the ticket number...........now at this point you're thinking what the heck is this guy on about.................Premium Bonds have a starting serial number and if you but the max £50,000 in one purchase you are likely to have all your bonds on 1 starting serial number..........now obviously it's impossible to have tickets in every serial number range but with so many starting serial numbers there is a real chance that nothing is drawn with your starting serial number so consequently you have a month with no wins whatsoever. A single premium bond has (currently) a supposed 1 in 21,000 chance of winning......so you would think that with 50,000 bonds you would have a minimum of two wins a month (from my experience) it doesn't happen like that. I would argue that if you want 50,000 in Premium Bonds you actually want to purchase 48,000 in lots of 7000 or 8000 over a period time (might take months) so that each batch has a different starting serial number. You then want to use the option of buying more bonds with your winnings (that's the reason for buying 48,000 only) and that way you also get further different starting serial number ranges. I believe this method of purchase is "more lucky" than just buying a single contiguous block of 50,000 serial numbers but I will also accept that in the event that the big winning numbers are drawn from a starting serial number that you own, the larger the number of bonds in that serial range you have, the greater your chances that you would land the specific big winner. It would be interesting to know how many bonds per starting serial number are currently in the draws. Remember that when they reveal the big winning tickets are owned by people with the maximum 50,000.....there is no way of knowing if that 50,000 is contiguous block or purchases over time and therefore different starting serial number blocks.

[@edc1569]

It’s a random number generator, it couldn’t care less about your superstitions about how it must draw numbers.

[@polyphonics557]

@@edc1569 Have I said it's not a random number generator? What is superstitious about anything I've said? Why are you actually here commenting if you haven't read or have failed to understand what was said?

[@yips_way]

The NS&I prize result site actually lists what size bonds the winners won with along with their overall holding. For instance, last months million winners both had a 50k overall holding & the winning tickets were drawn from a 5k bond each had. The first 100k winner had a 50k stake but won from a 48k bond. So it's swings & roundabouts. If you win, you win, or not 👍

[@yips_way]

Oh - and I had a quick check of the 100k prizs, someone won with the one bond they had worth £200 they purchased in 2015. Many similar stories. I want that luck 🤣

[@ollie1317]

@polyphonics557 You can see it on the list of winners, it shows the total amount held held and the amount in the block they won from eg 50,000 total holding and then 10,000. i know i have seen this somewhere on there, possibly if its from 1 block they just show that ? i dont know.

[@RakeshSingarapu]

I just opened with £100 in September and got £100 in the October draw.

[@neilgodwin6531]

I've been waiting 46 years without a win, so congratulations!

[@cboaustralia]

No way

[@daviniarobbins9298]

Do you mean November's draw because if you put £100 in in September they not entered until November?

[@yorks5852]

Does anyone know a premium bonds millionaire, they say there are 2 prizes of 1 million pounds monthly, but has anybody met one? Or is it a myth.

[@ollie1317]

i never have but then never met a lottery winner either. I did buy my house off a guy who won 1/4 of a mil on the football pools and bought a bigger house about 30 years ago, probably his win would be worth a million today.

[@Kalarandir]

For me, the best thing about premium bonds in using them for a Christmas club, and everyone likes the chance of a big win.

[@rbir2653]

I didn't understand if the interest rate was for a year or 6 months? Do you double the rate for the year to compare with savings?

[@mbingham10]

There pretty poor to be honest I have drawn half of my money out

[@tenniskinsella7768]

I dont care about interest just my money is safe.

[@kiokio7723]

I had no luck for 1,5 year. Not happy

[@LyricLuxMusic]

Good luck to all gamblers in the uk …

[@LITTLEbigREG]

I feel the last 6 months have been good for premium bonds. I'm at £525 and my neighbours have both won over £600. No complaints here.

[@deanmartin9358]

just about to buy one its the last day of the month

[@HomebyRC]

My parents have both one big each once in 2002 and the other in 2023. This is due to maxed out accounts and then buying the bonds in a block and not drip feeding money into the account and buying random single bonds.

[@DirkGently1972]

My question is: if investing the full £50k, is there any difference (or benefit) is making smaller payments to build up to the 50k max - I.e. are bond numbers provided sequentially as a lump sum purchase or randomly? Is there a benefit to having a more random spread of bond numbers?

[@andrewnimmo4232]

I have had 50k bonds for years and won nothing significant, but I live in Scotland. The trick seems to be to move to Hampshire And Isle Of Wight, they seem to win all the time 🤨

[@shauncorless8965]

Had a few since 1975 ,,,won loads of times 😊

[@kennydevine6043]

I put £30.000 in on the October 2000. I won £25.000 in the February and have won over £2700 in four years . Fuck the banks.

[@Joe-lb8qn]

I know this is wholly illogical but after yet another poor month* in my PB's compounding a poor year last year apart from one month with a lot of wins but several months with nothing, , Ive sold a chunk yesterday (I needed some cash and the choice was take it from PB's or a 5% savings product. ( Illogical because the 5% gets cut down due to tax so its really 3% I think) * £100 from £50k.

[@Vicdavies151]

Hi I have a Barclays premier account with £120.000 in my blue rewards and get nearly £400 per month interest, sold my car as now retired put £20.000 into premium bonds only been in one draw so far and won’t£100.00 in January’s draw so will see how it goes.