It’s Premium Bonds draw day.

£175 for me

£0 for Mrs

Nothing for me with a 30k pot

£0 here. Got lucky with £350 last month so I’ve got an average return of 2.4% over the last year. Without that £350 it would have been 1%.

Nothing for me with a 30k pot

ditto

£500 this month between the pair of us. I’ll settle for that; we’ve not had a bad start to the year at all.

I’m at 4.7% over 12 months which seems ok when you factor in the monthly massive excitement.

2x £100

2x £50

1x £25

Takes me to £6k won since September on a full pot. 

I’m winning at something at least!

I think I’m the one who’s bank rolling every one else. £100.

CaherFull Member
I think I’m the one who’s bank rolling every one else

Well er, £50 for me.  As I always say, it’s £50 more than I had yesterday.

£0 for me with a £7k holding – haven’t had anything for over 12 months now

£200 for the wife who has £8k

£150 again.

Better than a kick in the nads.

Zero this time.

I think I got punished this month because I took £7K out last month, didn’t win a bean this month 😔 Think the hamsters are aware of that situation though as I had a message saying don’t give up you may have better luck next time 🤔

Nothing for me this month but I only have a small amount in there now.

£150 with a full pot.

Ooh, ooh, ooh. I have won my first ever amount! 🎉🥳🎉🥳

£100

2 x £50 for me.

Just found out a family member won one of the top tier prizes this month. Not the million but still a healthy chunk of free money.

Hmmm, why can you guys see your winnings, but my account says results aren’t out till 2/2?

Rich, it’s not the 33rd of January.

🤣😁😉

But… Whhhyyyyyyy?

1 x £100 and 1 x £50 meh

Peak STW

Ive won X on a full pot, wife won X also with a full pot😄😄

Any need for the pot size info…….

well it does provide some context as the more you have in the more likely you are to win.

we are doing very badly at around 2.7% return. weve been taking money out as its no longer worth it.

another 0 for us on still quite a signifncant sum

Nowt for us this month.

Last years return was about 6% (maths is hard as I put in every month, mrs dubs doesn’t)

It’s the hope that kills you.

counting backwards

£550 this month, £275 last month, nothing December, £250 November, £150 October, £125 September, £50 August, £200 July, £75 June, £150 May, £75 April, £50 March – from a full pot.

that’s £1950, which is 3.9% for the year.

Advantage is no tax due, so if all your allowances were used up elsewhere that’s an effective rate of 4.875% I think, or more depending on your tax bracket.

Disadvantage is that it’s not compounding as the account is maxed, so you have to put it somewhere else at a similar rate to effectively get compounding.

Daughter’s inheritance from her grandparents has won another £300.

Really wish I’d not pissed off my mother in law….

Have a thousand quid in there and March will be my first eligible draw, so I’m getting excited.

I wouldn’t be 😂

Yes I probably need to reign it back.

I thought someone here had got “the call”.

I had to withdraw some funds this week #gutted

Been months since I had anything. Fingers crossed for this month as not sure it’s making the interest rate at the moment though I’ve not done the maths. Is there a calculator on the premium bonds website?

There’s no interest rate as there’s no guaranteed returns. Pretty easy to do the maths over several months or years to work out the percentage returns though.

It’s not an interest rate as such but they do advertise the variable prize fund rate as 4.40 percent on their website. So I need to do the maths as I’m not sure I’ve achieved that.

That’s based on averages – someone wins a million, most win nothing.

Think of it as gambling without losing your stake and you won’t go far wrong. If you want guaranteed returns lock your money away in a ISA for 3 years.

Damien explains it well:

TLDW – they are not the best savings vehicle unless your beyond your tax allowances on your savings, best for a tax free, possible surprise bonus rainy day fund.

This is not news
They’re a little flutter for your emergency cash funds

Yes yes I know all that guys I was just saying that I should have a look and see it’s working out in my favour or not compared with the average.