It’s Premium Bonds draw day.
Zip nil – Mrs Zip £25.Posted 3 years ago
I don’t appear to be any good at premiumbondsing.
2*25 here for JanPosted 3 years ago
First month in the game for me… nada, rien, zippo, not a sausage.Posted 3 years ago
£25 win in December for me….Posted 3 years ago
£3400 now for over 3 years. Nowt. Ever. I’ll keep adding.Posted 3 years ago
I’m intrigued by them but can someone explain why they are so popular?Posted 3 years ago
I’ve read that there is over £70 billion invested in them but the odds of winning anything are quite low and they do not yield interest.
As others have said, they’ve won bugger all over many years and when you take inflation into account the amount invested is worth less and less as time goes by.
They are tax free as are the winnings, and easy to manage / forget. 10 x the amount I have in Bonds in todays high interest account attracts slightly I more gain annually in interest than I’ve received but I’d have to pay income tax on that interest gain, which actually negates the difference.
And of course there is the “lure” of a decent sized win.Posted 3 years ago
“As others have said, they’ve won bugger all over many years and when you take inflation into account the amount invested is worth less and less as time goes by.”
All relevent to how much you have invested.
Mines kept up with a decent savings account over the years and I don’t have to move it around each year filll out paperwork and keep on top of the admin to ensure it does so.Posted 3 years ago
@Kryton – I get that but with the new personal savings allowance you’d have to be earning more than £500 interest per annum to benefit from the non-taxable bit (assuming 40% tax payer). So maybe 2% rate on £25k?Posted 3 years ago
Maybe it’s just the thrill of the draw?
Zilch here.Posted 3 years ago
£50 since birth, £40k for 3 months during house upgrade a few years back: nowt, nada, zilchPosted 3 years ago
new personal savings allowance
I didn’t know about that, my Accountant deals with my affairs 😀
For me personally – an accountant notwithstanding – its not having to declare/administer the income and a chance of the win I guess. Its simple for me to have a DD setup and elect for winnings to be re-invested as Bonds, so I can forget about the account and leave it for a rainy day at some point in the future – final mortgage balance, kids into uni that kind of thing.Posted 3 years ago
I don’t think many people use them as their sole means of saving, but as part of a mixed investment portfolio they make sense. If you look at the big Jan prize winners most have holdings of tens of thousands and that’s not the sort of sum you’d leave if it wasn’t working for you. They’re low risk, quick access, typical yield on a par with similar instant access savings accounts but potential yield much higher.Posted 3 years ago
Purist you’re spot on – I treat them as my emergency fund esp now you can withdraw them reasonably quickly on line. If I just had the money in a ‘normal’ savings account I’d be too tempted to spend it on another new bike!Posted 3 years ago
Thanks for the explanationPosted 3 years ago
£25 win on £101 investment here.
Guess I’m pretty lucky as I’ve had a decent 7% return with a win each month when I had 10k invested.Posted 3 years ago
25 big beautiful pounds.Posted 3 years ago
My duck is broken .
2/3rds of FA here. on £5k invested for a few months, I might write a stern letter to someone.Posted 3 years ago
Thanks for heads up…3 x 25 in feb. I think I m averaging 1.5% pa tax free so q happy. It’s a savings pot for a house purchase so needs to be low risk.Posted 3 years ago
Me …nothingPosted 3 years ago
Mrs Zip …nothing.Building society interest is winning at the moment.
25 quid for us
That’s 100 in the last 6 months. It’s on par with the bankPosted 3 years ago
Zilch. And I moved it out if a poor paying ISA.Posted 3 years ago
3 x £25 this month 🙂Posted 3 years ago
A million quid less than the top prize for mePosted 3 years ago
Just 1 x 25 today, tho I did see someone won 10k on a 60 quid holdingPosted 3 years ago
Nothing. Again.Posted 3 years ago
Any big winners today?Posted 3 years ago
Not yet, their email system must just be a bit slow todayPosted 3 years ago
just logged on, it says next results 2 april. TomorrowPosted 3 years ago
Yeah, it’s the second working day of the month that they release results.Posted 3 years ago
Anyone met Agent Million??Posted 3 years ago
They’ve got April’s big winners list up already. One that pleased me was a 5K winner from a £5 holding, held since the 70s.Posted 3 years ago
Now you can invest from £25.00 I’ve just started doing these instead of the Lottery. I see it as gambling without losing my stake.
I’ll probably never win anything at least I’m not losing! 🙂Posted 3 years ago
The wife has the full 50k’s worth and gets 2 to 3 £25 wins a month plus she’s won 1k recently.Posted 3 years ago
Recon its about time I buy some as I have non at the mo. I enjoy the fun of Peer to peer lending giving me around 12% per annum.
Bear-UK, which platform(s) are you using for P2P? I got 13.5% return on a grand at Ratesetter inclusive of a £100 sign-up bonus offer, but 12% – if it’s not based on bonuses – is mad.Posted 3 years ago
If you win, even just £25, do they email you?Posted 3 years ago
Or do you need to check online?
They email you. Just checked the big winners list and I’m not on it. It’s sooooo unfair.Posted 3 years ago
Me nothing Mrs Zip nothing.Posted 3 years ago
Me and the wife just got £25 win each.Posted 3 years ago
25 for mePosted 3 years ago
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