Premium Bonds

[steve_b_wales]

Having not won anything for well over a year (I've got £11000) worth, and then only £25:00, I had an email today stating that I have just won £125 (£100 + £25) on two bonds. 

Edited July 5, 2023 by steve_b_wales

[Blackpowder]

May £500, June £100, July £50   last year a surprise £25 from a group of 5 bought in the 50s when the bonds firs came out £13005 holding.

Blackpowder

 

[TOPGUN749]

There should be more winners recently as the prize fund has been increasing several times.It’s now 3.7% and going up to 4% in August.I have won £1,000 so far this year,a return of 3.4%,but tax free of course.

[ditchman]

dead chuffed with my bonds....got two acc's mine and one under my daughters.........decent wins every month

[Cosmicblue]

Have my best ever year with the PBs, have the max investment, currently standing at £825 this year with the July draw adding another £100 (2x25 1x50).

Right now the winning odds are 24,000:1, from the August draw that's being increased to 22,000:1. 

[Lloyd90]

How do you buy them, keep on track, see what you’ve won etc? 

[ditchman]

2 hours ago, Lloyd90 said:

How do you buy them, keep on track, see what you’ve won etc? 

buy them over the phone..........go to the NS&I website

[Luckyshot]

5 hours ago, Lloyd90 said:

How do you buy them, keep on track, see what you’ve won etc? 

You can also buy them online and keep track of them and the winnings on the ns&i app.

[Robden]

Last year I had a win every month for the first 6 months.  Nothing since though.

[Rim Fire]

Got the max with them win most mouths ours just go straight into bank account get a statement and it will be on there  

[samboy]

I've had one since they first came out and won nothing 😭.

[TOPGUN749]

18 minutes ago, samboy said:

I've had one since they first came out and won nothing 😭.

I had 5 from 1957,kept them for 64 years but won nothing on them,that £5 would be worth £200+ today!

[sutty2006]

I had £10 worth when I was born. Won nothing on it in 35 years. My Nan had the max on them and would regularly win something back. I guess the more you have in, the higher the chance of winning.

[bruno22rf]

We have £25k, £150 payout last month and 2x£25 previously this year.

[B725]

11 hours ago, Lloyd90 said:

How do you buy them, keep on track, see what you’ve won etc? 

Lloyd you can buy online, over the phone or download an application form and pay by cheque, you can opt to have winnings up to whatever value you like reinvested automatically as new bonds or paid to you. Minimum purchase is £100 but your money tied up is safe and you can take your money out anytime just cash in the bond's. I've had a couple of hundred quid or so this year. I have anything upto £100 paid in new bond's. 

[ditchman]

1 hour ago, sutty2006 said:

I had £10 worth when I was born. Won nothing on it in 35 years. My Nan had the max on them and would regularly win something back. I guess the more you have in, the higher the chance of winning.

"they" say you need £7500 to win regular to make it worth while...

[steve_b_wales]

3 minutes ago, ditchman said:

"they" say you need £7500 to win regular to make it worth while...

£11000 for me (so far) and the 2 wins yesterday were the first for just over a year. 

[ditchman]

29 minutes ago, steve_b_wales said:

£11000 for me (so far) and the 2 wins yesterday were the first for just over a year. 

wooow thats unlucky ...a year without a win for 11k ?

[Bigbob]

Bloke at work put 25K of his retirement money into PB recons he does okay better than the bank and you get your money back when you sell up ?

[Stimo22]

7 hours ago, sutty2006 said:

I had £10 worth when I was born. Won nothing on it in 35 years. My Nan had the max on them and would regularly win something back. I guess the more you have in, the higher the chance of winning.

When I was an apprentice, we had a club where we all put in some money each week and every so often you received a £10 bond. I have a couple of hundred bonds from late 1960 and never won a bean

[TOPGUN749]

You have to have a lot of them,preferably the maximum and then you might get 3.5% return(but tax free) on average,maybe £1,800 a year. Most people will do better now in a 4.75% fixed bond.

[oowee]

3 hours ago, TOPGUN749 said:

You have to have a lot of them,preferably the maximum and then you might get 3.5% return(but tax free) on average,maybe £1,800 a year. Most people will do better now in a 4.75% fixed bond.

More people will do better but even though the payout may be 4,75% most people will get far less. 

[TOPGUN749]

21 minutes ago, oowee said:

More people will do better but even though the payout may be 4,75% most people will get far less. 

Premium bonds are currently paying 3.7% return,going up to 4% in August,needs to be higher to offset 10%+ inflation!

[ditchman]

you get an averge non taxable payout and also you have the chance of cashing in big....gives you something to look forward with fun at the beginning of every month....and unlike gambling you wont loose your stake..........whats not to like ?

[Wilts#Dave]

57 minutes ago, TOPGUN749 said:

Premium bonds are currently paying 3.7% return,going up to 4% in August,needs to be higher to offset 10%+ inflation!

Of course you need to bear in mind the % is an average not a guarantee…..some win more and some much less! 
I did ok with them when I had 45k worth, but shifted some into a one year fixed isa and with 25k now the winnings have noticeably dropped off. 
There’s luck involved with it, good idea if you need tax free savings but otherwise at the moment with interest rates on savings accounts so much higher I’d go for a fixed term account and get a guaranteed return.