Premium Bond rate boosted from 1.15% to 1.4% – should you pile in?

This is the discussion to link on the back of Martin's blog. Please read the blog first, as this discussion follows it.

Please click 'post reply' to discuss below.


  • robin58
    robin58 Forumite Posts: 2,802 Forumite
    Well this year have definitely won £25 4 times this year (think I may have a 5th but not sure on that).

    3 of those were in consecutive months.

    All this on a holding of 7k.
    The more I live, the more I learn.
    The more I learn, the more I grow.
    The more I grow, the more I see.
    The more I see, the more I know.
    The more I know, the more I see,
    How little I know.!! ;)
  • Dazzzzer
    Dazzzzer Forumite Posts: 2
    Fifth Anniversary Combo Breaker First Post
    hi, thanks for the facts on these, i feared all you say to be the case, holding 50k and me personally winning only approx 350 a year, so although i haven't worked it out exactly, is under the 1.4%. the trouble is for me is the 'what if....' scenario, i could move it to attract a higher guaranteed rate, but i also think, if i risk not making quite so much then i am constantly in with a chance of winning something substantial. of course, this is pretty slim odds, but i keep on hoping, lol.

    great website, you have saved and made me a tidy sum over the years, ive come to see it as my 'go to' place for all advice, what ever you say now, i act on, and i've not known you never been wrong yet. so thanks.
  • Bootle_Boy
    Bootle_Boy Forumite Posts: 1 Newbie
    I have the max having built it up over many years and I have "won" £550 in the last 12 months.
  • keensave
    keensave Forumite Posts: 5
    Eighth Anniversary Combo Breaker
    I won a £1 premium bond as third prize in a competition when I was about 12. Enthused by the possibility of winning I bought another from saved pocket money.
    £1 in the 60s bought a lot more than it does today, so as inflation ate away at their value I was faced with cashing them in to cut my losses or hanging on to hope for a win. I decided that the £2 was worth so little that I might as well hang on.
    After 50 odd years I am still hanging.
  • REJP
    REJP Forumite Posts: 325
    Sixth Anniversary 100 Posts Name Dropper
    Why are people complaining that they have one bond and never won a prize? Have they not realised that they only have a one in seventy BILLION chance of winning?
    By saving money directly from my bank account over many years, and by re-investing all wins under £5000 , I have managed to build a total of £30,000. Since April this year I have received 11 prizes of £25, one of £50, and one of £100.
    Last month the single £1 bond given to me as a wedding present in 1957, one of the first issued, won £25. So older bonds do sometimes win.
    Good luck to everyone, hope you have a great win.
  • Krispduck
    Krispduck Forumite Posts: 1 Newbie
    Varying investment in bonds held over recent years, but these were the returns

    2013-2014 £150
    2014-2015 £175
    2015-2016 £225
    2016-2017 £775
    2017-2018 £325 Year To Date
  • polymaff
    polymaff Forumite Posts: 3,892
    Part of the Furniture 1,000 Posts Name Dropper
    On a large holding a reasonable guide is 90% of the declared rate - so for 1.4% declared, you get 1.26%. Rationale: 10% of the prize fund goes to "you die before you win" prizes.
  • Huge_Pimms
    Huge_Pimms Forumite Posts: 1 Newbie
    In the last 16 months we have 'won' £3,275 on £100k of PBs which gives a yearly rate of return of 2.45%

    I wonder if it is statistically significant (i.e. improves your 'luck') that we seem to be 'winning' more now that we have 2 sets of 50k continuous bond numbers? (we cashed our collection of various sized bonds 16 months ago and then bought the full 50k each to get continuous bond numbers)

    We have had PBs in various sizes for at least a decade and the general return has always been around the PB prize fund interest rate.
  • lovefuchsias
    lovefuchsias Forumite Posts: 2 Newbie
    My husband and I both have the maximum allowed premium bonds each. Every month we win an average of £125 between us.[£1500 a year] All of these winnings are multiples of £25 wins. We are happy with this return and there is always the chance that we could win a larger amount.
  • lovefuchsias
    lovefuchsias Forumite Posts: 2 Newbie
    I think that there is some truth in the consectative numbers theory. My husband and I did the same as you and it has also worked in our favour too.
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