Premium Bonds Article Discussion Area

So far this year I've won £10,750 on the Premium Bonds with maximum holding. I know I'm in the minority but I just want to demonstrate that some people are lucky and that they can be worthwhile.
I think they're ideal for people with spare cash who like to have that little bit of hope each month. I also do £2 a week subscription on the lottery. I have no illusions about my chances of winning but I like that tiny little bit of hope each week.
So for me, that's what it's all about. They are not a solid investment but a safe place to keep my money with the added bit of fun thrown in.

So far this year I've won £10,750 on the Premium Bonds with maximum holding. I know I'm in the minority but I just want to demonstrate that some people are lucky and that they can be worthwhile.

Maybe you could let us all have a breakdown of your monthly winnings over 12 straight months as this frankly is amazing. You must have won some very major prizes to reach that amount when most people get only £50 or £100 and you must presumably be winning every month which again is exceptional on a single holding of £30,000....


Over to you.............

tightwadman wrote: »

Maybe you could let us all have a breakdown of your monthly winnings over 12 straight months as this frankly is amazing. You must have won some very major prizes to reach that amount when most people get only £50 or £100 and you must presumably be winning every month which again is exceptional on a single holding of £30,000....


Over to you.............

I relented. Here are the last six months as shown on the NSandI checker.

You see, someone does win! Your 61WD8 block seems to do very well!

Congrats, the sun was shining on you in June! It gives us all hope

It seems to me many threads here are full of people who have an issue with PBs, since the recent articles have been published. The stats are clear to see, on average you don't get such a good return as in a high interest account, but you do get a return, and you never loose your initial investment, just loosing out on some potential interest. I wonder how many millions of people have large sums of cash in lowly interest accounts / cheque accounts - I bet it's a vast number. What about all the people who purchase stocks/shares and loose out, doesn't stop people investing for the potential of high returns - because a few companies crash, do we say all stock market investments are terrible?

It's difficult to directly compare PBs with other investments, because they are a different beast. But occasionally someone will win a decent amount, and there is a tiny chance to win tens of thousands, hundreds of thousands and a million.
Most people are happy with this, they are worth a "punt" and that's why they "invest" in them.

It's the fun of the draw, it's a calculated risk (hardly a risk in my eyes), and I've always enjoyed receiving the cheques. And the original capital is safe.

If you don't like them don't invest, just the same with any other type of investment. Equally don't invest because someone else came up with a big win, because it's unlikely you will. Invest because you understand what the likely returns are, and you can afford it. And fancy a "punt".