Premium Bonds

HappyMJ

daveyjp wrote: »

My daughter has about £500 worth bought as gifts by grandparents.

She generally wins 2-3 time a year. Last year she had 4 wins, she has already had one this year.

Are you sure it's £500 and not £5,000? To have such consistent wins on £500 is extremely lucky. The odds of winning 2-3 times per year on £500 are very high indeed and to do it year after year is almost impossible.

If she had £5,000 of PB's then winning 2-3 times per year is normal.

Robbieh

I've won £25 in the last six mths. On £20,000! Had £40,000 for a year, won £250. That's why I now have a few high interest accs. Earning far more! After having bonds for 5 yrs. the most I won in a yr. was £375. Since the max allowed is now £50,000 there are less chances of winning. But yes, there is always a chance you may get lucky I suppose.

bigfreddiel

daveyjp wrote: »

My daughter has about £500 worth bought as gifts by grandparents.

She generally wins 2-3 time a year. Last year she had 4 wins, she has already had one this year.

With her luck she should buy a shed load more! Pile in I say.

Cheers fj

bigfreddiel

Mr_K wrote: »

The term 'win' makes me laugh. Its nothing more than interest. If you get a single £25 'win' on a 50k investment every month, you are in fact losing compared to a 1% savings account.

My winnings are so far showing a 3% return.

Cheers fj

talexuser

bigfreddiel wrote: »

My winnings are so far showing a 3% return.

Over what time scale? 3% a year would be quite good.

I had 5k from Jan 99 to Jul 15, 198 months, and in that time won £1125 the vast majority in 25s, which I make as 1.36% a year discounting inflation, a roundabout average result.