Premium Bond win - does this look right?

welshmoneylover

Morning all...

Sun is shining at long last here in the welsh valleys.:j

I won the grand total of £50 in this months draw and opted to receive any future wins in bonds. Actually, I'm having a really good run of luck with them having won £50 every month since December 07 (apart from April) on a holding of about £11,000ish.

Got my new bond certificate yesterday and I'm not sure they gave me the full 50 numbers or 49.

The last 4 digits are 4381 to 4430 now if you deduct the lesser one I make it 49. Are NS&I diddling me or am I being a bit thick?

Sue x

YorkshireBoy

You have 4381 to 4430 inclusive.

4381 to 4400 is 20

and

4401 to 4430 is 30

A total of 50

am I being a bit thick?

I couldn't possibly comment!

Hungerdunger

welshmoneylover wrote: »

Actually, I'm having a really good run of luck with them having won £50 every month since December 07 (apart from April) on a holding of about £11,000ish.

I hate to say this, but if you'd placed £11,000 in a fixed term savings bond earning 6.5% last December, you would have earned slightly more in interest than you have won over the same period.

LittleVoice

Hungerdunger wrote: »

I hate to say this, but if you'd placed £11,000 in a fixed term savings bond earning 6.5% last December, you would have earned slightly more in interest than you have won over the same period.

Have you taken tax into account? No tax on premium bond winnings but savings bond interest would be taxable (depending on other income of course).

welshmoneylover

<chuckling at myself>

As soon as I'd had a cup of tea + come around a bit <tad hungover> I'd realised what I'd posted.

Yorkshireboy u r right it is inclusive don't know why I didn't think of it myself.

@ Hungerdunger yes you are probably right about the interest but I like the thrill of premium bonds ever since my nanna bought me £3 worth in 1967 (year I was born!) and I won £50 off them about 20 years ago. Have been buying them regularly since. I have a feeling in my water as it were, that one day, I'll strike lucky with a big win. Enough to whisk the family off to a superb hols somewhere I fancy Las Vegas!

Oh, well I can at least dream of it in the meantime...

Sue x

Hungerdunger

LittleVoice wrote: »

Have you taken tax into account?

Yes

Welshmoneylover - I know what you're saying; just as long as you realise the average "wins" on Premium Bonds don't equate to what you might get with a good savings account. This article is worth reading if you have time.