It’s Premium Bonds draw day.

I thought I did well. Told my parents and mum replied telling me she won £25,200 this month 🤣

2 x £100 for us.

I thought I did well. Told my parents and mum replied telling me she won £25,200 this month

That’s some good returns for your family!

3x£100 which is my best yet.

.

I thought for a moment someone was going to post about a visit from Agent Million.

Big prizes announced today

https://www.nsandi.com/prize-checker/winners

For us plebs we have to wait until tomorrow to see if we get any minor prizes

Well so far we’ve had £150 on £20k this financial year.  So unless its a decent win for us tomorrow we will be moving our money out as thats a pretty dire return.  Now instant access accounts are offering 5% + doesn’t make sense to keep it in premium bonds.

I just bought some after a friend keeps telling me about regular wins she and her parents have,  £1000 here and there with the odd £5000 thrown in. They have the max £50000 in though.  I have had £100 in for 10 years which was a christening present for one of the children but not won a single penny. I might do as above and put it in a savings account now that interest rates are better for savers…🤷‍♂️

I’m thinking the same, the returns on basic savings accounts are just too good right now. Will have a think about it over the next month as I know I’ll have to dip into the savings between now and Christmas, SE what my options are as my £10k stake has in reality gone down in value by £900 since I put it in but I’ve only ‘won’ £150. Would have got nearly £400 in interest in a savings account in that time.

Noticed on that prize winners list someone in Australia won £100k on a £900 pot, didn’t think that was possible.

I am well ahead so far.  £650 in 2 months

Someone with £200 won £100K 😲

Now instant access accounts are offering 5% + doesn’t make sense to keep it in premium bonds.

5% of £20k puts you at the £1000 limit for the anything over to be taxed on, or £500 limit if you’re in a higher tax band.     worth bearing in mind, maybe put £19k in the 5% fund and leave £1k in PB’s.

Bea in mind ALL PB winnings are tax free.

@ElShalimo I assume if you’d won big you’d know through the app?

I’ve no idea as

My prize checker says results are tomorrow – how are people finding out?

https://www.nsandi.com/prize-checker/winners

Ocean skipper – you’re most likely better off leaving it in premium bonds.  £100 investment at 5% is only £5 a year.  Your odds on winning PB’s are terrible but you ‘could’ still win £1m.

Reluctant – due to tax reasons and the fact premium bond wins are tax free it’s still worthwhile holding.  I do as Kryton says, keep a decent amount but less than tax threshold, in an instant access 5% account then the rest of anything I might want to get at in a rush in premium bonds, everything else is tied up in pension and ISA.

Me £225
MrsZip £225
Mrs Zips mum nothing.

£250 this month, just over 5% on average this year so not bad but

£100 investment at 5% is only £5 a year. Your odds on winning PB’s are terrible but you ‘could’ still win £1m.

That is my thinking as a bit of a gambler.

1 X £50 which is my first win in about 8 months!

FA again.

I’ve got £50 more today than I had yesterday.

2x £50 for me.  Thats £800 in 3 months.  I’m more than happy with that

I thought if you had a big chunk of money in premium bonds over time your winnings will average out a % or two less that savings rate but for me this is more than made up for by the chance of a big prize and the fact you can retrieve the money instantly and its all tax free

Nothing. I’m useless at winning anything so it may be time to get the cash out of there and into a guaranteed interest account.

Statistically, yes, but it’s not guaranteed,  which is where the gambling bit comes in, albeit with a safe stake.  If you want 5% guaranteed, lock it in a savings account.

£125 for Mrs JL ….zip for me again 🙄

Of the top 100 prizes, only 2 were in Premium Bond accounts opened pre-2000, and yet the majority were in accounts opened post 2015. Hmm… ‘random’…

Maybe I’m just bitter because I didn’t win a thing for the 8th month in a row! 😛

Nowt for me again 🙁

£325 for me

£525 for my wife!

£100 for me, that makes my prize total 1.8%.

£300 win here after 2 months of nothing….

Currently sitting on 4.9% return so pretty happy with that.

£225 for me (made up of 4 separate small prizes) and £50 for Mrs Lawman

£25 feels like a loss with how much everyone else wins

£250 for me, £100 for my wife.
That’s our best month in last 10 years

One £100 for me this month

Single £50 for me which equates to about 1.5%. Still waiting for a bill to land so that I need to withdraw some of them, feeling like I should do it anyway and put it somewhere more lucrative…

£100 again here on my second ever draw. 2 in a row for a total beginner. I’m happy with that but I’m still hoping to get something that could wipe out the mortgage.

tjagain
…and the fact you can retrieve the money instantly

Unfortunately not instantly, it’s 3 days

I won sweet FA again this month. Happy to see somebody with only £200 got a big prize. Always grates a bit to see those who already have £50K sitting in an account scooping all the big prizes.

Well £100 which takes my (well my wifes) effective interest rate to 1.25% for this FY.

Thats pretty terrible, I get the point about winnings being tax free, but with that return its kind of moot.

Money was put in there when you were lucky to get 1% interest.  I think its time to move on, I’ll leave bit in there, just so I can come on here, see lots of people doing well and have a moan about our rubbish luck

Nowt 😕