Premium Bonds Questions and Answers / Winners and Losers (Part 2)

[Arthur Fowler]

Originally Posted by AdamBrunt

Obviously depends in how many bonds you but even with the maximum amount, cjanderson's £125 in 2 months and gregb's £150 in 1 month seem quite lucky to me according to MSE

"You are lucky - only 25.6% of people ...."

[jockosjungle]

4 months of £75, and now £25 this month. But also tie this in with my kids who've won nowt and probably have £5k between them. I've got £40k

Mother in law won a £500 I think, or some suitably decent prize.

Also remember it is tax free. So if you've got more than £1000 of interest, or less if you earn more, they're not a bad investment.

They're not gonna make you rich, but I can't really think of anything much better.

OK some Sharia account or something might net you an extra £12.40 over the next year, but it's a little boring and you aren't gonna win big.

It's also the government isn't it, the money is 100% safe. Not safe in that you're covered up to so much when your bank goes bust, just safe. Nobody has ever had to file a claim to get their money back when a bank goes bust, I can't imagine you get a cheque the next day (or the government even knows how to do it).

[driver8]

3 x £25 this month.

And Ernie has jazzed up his email template!

[cjanderson]

Same for me!
Other half annoyed as he put max in 2 months ago so first draw he has been entered in and got nothing!


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[cedge]

A good month for us, 5 x £25.

[GregB]

6 X £25 for me but nothing for my wife.

[Arthur Fowler]

1 x £25

[jockosjungle]

3 x £25 for me. So I've made so far £400 after having it invested from the end of Jan, so six months they've had my cash and I'm on an effective 1% interest rate already as I started with £40k.

Stuck £6k in the wife's name, she got nothing in her first draw. So I guess it'll begin to even out in some way. Kids still have nothing.

[jmdomain]

2 x £25 for me this month.

[Bravoman]

1x£25 for me

[AdamBrunt]

Originally Posted by jockosjungle

3 x £25 for me. So I've made so far £400 after having it invested from the end of Jan, so six months they've had my cash and I'm on an effective 1% interest rate already as I started with £40k.

And that assumes your 'lucky' streak continues on for the next 6 months.

Is a 1% return on £40k a good amount these days ?

Stupid questions ... if you invest in Premium Bonds how much notice do you have to give to get your money back ? And when you win can you chose for it to be added to your 'pot' ?

[cjanderson]

Yes you can have wins added to your pot (assuming under £50k)
Think it’s a month or do notice to withdraw but check in the website.
1% Seems good to me, especially if you are a higher rate tax payer so only £500 tax free interest which by Santander 123 used up (before rate crashed)
But I also have lots of riskier share investments and ratesetter isa (pays 3/4% usually) so it all offsets.


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[jockosjungle]

Depends how risky you want to be, if I'd have had shares I'd have lost 20% of my investment I think. So 1% is pretty good for the level of risk, ie. none.

Can't really see I'd do massively better unless I locked it away for five years or took some form of risk where the capital could reduce.

[jockosjungle]

Nothing for me, but the wife's £6k won £50.

[cjanderson]

Mine said “a bumper crop”
Was £25
Boyfriend got £75 he was happy as he only put in the full amount 2 months ago and first month he was eligible got nothing.

Excitement over for another month!


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[driver8]

Sorry you didn't win
Good luck next month

[GregB]

5 x £25 for me and 1 x £25 for my wife.

I've picked up £375 in the last 3 months

[cedge]

3 x £25 for us this month. About £325 in the last 6 months over 2 accounts worth.

[Arthur Fowler]

Nothing for me this month

[jmdomain]

Another 2 x £25 for me this month.