It’s Premium Bonds draw day.

2*25 for me this month. Nice to get back to winning after 3 months of no prizes.

25 quid for me and 25 quid for wife.

They’ve reduced the odds of winning:

Changes will take effect from May hitting premium bonds and savings accounts

https://www.theguardian.com/money/2020/feb/17/nsi-announce-interest-rate-reductions-for-25m-customers

I saw that; odds per draw dropping from 1:24500 to 1:26000

What does that do to the theortical yield on premium bonds?  Down of course, but has anyone worked it out yet?

£25 for me this month. The drought is over!!

Decreasing from 1.4% to 1.3% equivalent.
Can you get a better rate from any other savings account?

What does that do to the theortical yield on premium bonds?

The odds are, from May, 1:26,000. The 1.3% quoted above (again from May) includes the big prizes (including the £1m prize) so is not, in my eyes, truly representative. I calculate my assumed annual yield as follows:

£25 [smallest prize] x 1/26,000 [odds of winning] x 12 [twelve draws a year] x 100 [to make into a percentage] = 1.15%

This is tax free and better/ comparable to what I can find elsewhere, but with the (small) chance of winning a £1m prize. I would add that as an investment it is far more reliable if you have close to the maximum of £50k invested.

Didn’t win the million but won 2 small prizes.

£25 – my lowest for quite a while, but still better than a kick in the chops!

No email from ERNIE yet so assuming it’s a ‘no’ here :-/

£25 for me, my first win since investing in Dec (too late for Dec draw).

Even with my extra bonds purchased still nothing.

Mrs Zip £25

Keeping my losing streak going – nothing again.

Another 3 x £25

£25 but needed the £1,000,000 so next month then

£50.

Another £75 <drops mic>

1x £50. First time I’ve had a £50 prize.

50 squids (2 x 25)

agent million couldn’t find our house yesterday either it seems.

2 x £25 for me. 0 x anything for mrs.kcal.

£0 !!

Nowt here again.

Zilch

I’ve had 200 since I was born in 1959. Never won anything.

Posted 1 year ago

£50!

Mind you, I did buy £20k of bonds last month.

Agent Million practicing extreme social distancing yet again. And Agent £25. Nuffink.

Well a little good news in a shit period. 2* 50 quid again this month

2×25

Winning every month now consistently

Nothing again.

I’m pulling my money to buy some solar panels. That way I will win every day.

Mrs Zip 2 x 25

£0 according to the app

I’m sure Agent Million got lost trying to find the house yesterday

Zilch again, Mrs M won £25 last month.

1 x£25
4 x £25
TBH I am slightly ambivalent about checking these days since the chance of winning big pale into insignificance compared to catching the you know what. I’m superstitious enough to believe that finding out I’d won £1 million would be quickly followed by my imminent demise. Glass half full man me.

1 x £25 to keep my winning streak going.

1 x £25 for me too.

1 x £25 – Right I’m off to the pub to spend it. Oh hang on …

2 X £25 and 1 X £50. But the wife is out if work with no furlough as of Wednesday so a net loss in our house.

3 x £25 for me this month, which feels more welcome than usual…

£25 again.

2 x £25, I’ll take it

£25 from ERNIE (but no email yet)