Is there a problem with Premium Bonds this month?

Primrose

Another one with maximum holding and barren months. I suspect a lot more bonds will be sold with the minimum purchase being reduced from £100 to £25 so prepare for even more barren months.

Are details available yet on how you can buy bonds for children who are not grandchildren? Friend's baby due soon. Might buy some as an arrival gift rather than a cuddly toy !

Biggus_Dickus

Primrose wrote: »

Another one with maximum holding and barren months. I suspect a lot more bonds will be sold with the minimum purchase being reduced from £100 to £25 so prepare for even more barren months.

Are details available yet on how you can buy bonds for children who are not grandchildren? Friend's baby due soon. Might buy some as an arrival gift rather than a cuddly toy !

Cuddly toy, defo; :money:

...if you give very young children Premium Bonds the ungrateful tykes show little appreciation.

verybigchris

Primrose wrote: »

I suspect a lot more bonds will be sold with the minimum purchase being reduced from £100 to £25 so prepare for even more barren months.

That's not how it works. The number and size of prizes is calculated every month to take into account the number of bonds in play and the advertised expected return. If more bonds are sold, more prizes become available.

Thrugelmir

My £25 win this month. Came from a £100 holding I bought in August this year. Odds of winning again from the same block?

Primrose

Biggus_Dickus wrote: »

Cuddly toy, defo; :money:

...if you give very young children Premium Bonds the ungrateful tykes show little appreciation.

That's oK but Id raher the gift lasted for longer than the plethora of cuddly toys and other stuff that the average baby is swamped with these days which usually ends up in charity shops as soon as it's outgrown!

Primrose

I always used to reinvest my winnings in more bonds u TIL I eventually reached the maximum holding and more than once a bind from a "freebie" batch of £25 bonds purchased won winning another r £25 prize. Never had anything bigger than that though.

In the early saving days of my youth I often used to buy £1 bonds but none of them have won me anything. i ve got them all listed on a spreadsheet with the winning bonds marked up and its interesting to see most of my winners have come from larger batch ourchases.

Biggus_Dickus

Primrose wrote: »

That's oK but Id raher the gift lasted for longer than the plethora of cuddly toys and other stuff that the average baby is swamped with these days which usually ends up in charity shops as soon as it's outgrown!

Buy an expensive bottle of fine wine then ; ...if chosen wisely it should appreciate nicely until said child is 18;

...either that or ‘Bargain Booze’ vouchers. :money:

londoninvestor

verybigchris wrote: »

That's not how it works. The number and size of prizes is calculated every month to take into account the number of bonds in play and the advertised expected return. If more bonds are sold, more prizes become available.

And it probably marginally increases the median return, because they are unlikely to add a third £1m prize. So the extra prize funds (i.e. the "interest" on the expanded capital base) are weighted towards smaller prizes.

greenglide

. Odds of winning again from the same block?

The same as they were before this month's draw!


A random draw does not know what happened in the previous draw!


The odds of winning with the same block in two consecutive draws are low but that is a different question!

AnotherJoe

Primrose wrote: »

I always used to reinvest my winnings in more bonds u TIL I eventually reached the maximum holding and more than once a bind from a "freebie" batch of £25 bonds purchased won meanither £25 prize. Never had anything bigger than that though.

In the early saving days of my youth I often used to buy £1 bonds but none of them have won me anything. i ve got them all listed on a spreadsheet with the winning bonds marked up and its interesting to see most of my winners have come from larger batch purchases.

Thats what you'd expect, given that unless your purchases were very skewed youd have more bought in batches than individually, unless you have the same number of bonds bought individually and collectively, then youd expect more in the collective camp. Eg if you have say 1,000 bonds bought one at a time and 19,000 bought in batches of 100 you'd expect (roughly) 19x winnings to come from the ones bought in batches than ones bought individually. And the same would apply if you counted ones bought in batches of say 25 vs those bought in batches of 100, unless there are the same number of bonds in both.


What are the respective numbers (or ratios) on your spreadsheet of individual bonds to collective ones?