Premium Bond winnings - please list (Only for £50,000 Bonds)

Saver84

Hello

If you specifically have £50,000 worth of Premium Bonds, please could you list your winnings? I would be most grateful.

I am aware that there is a similar thread asking about Premium Bond winnings, but wanted to start this particular thread to get answers from those who have got the maximum amount of bonds.

Thanks :j

hgt

Not sure what you want people to list. I have the maximum investment in Premium bonds and usually win £25 to £50 every month. Rarely it can be nothing in a month, but then on rare occasions may win £100 so it all evens out really.

I know NS&I quote the official prize fund rate as 1.4%, but the prize fund is skewed due to the large prizes (which you have a very low chance of winning). So I work on the basis that the actual realistic rate is more in the region of approx 1.0%. So on £50,000 that would be approx £500 of winnings per year... my winnings over the past year have been consistent with that.

Saver84

Thanks for the quick reply

I am interested in seeing people's winnings over the past year, on a month-by-month basis.

Sorry if i wasnt clear.

AnotherJoe

Why not just pro-rate winnings from people with less than £50k?
Are you planning to expose a scam, whereby you dispute the return by using anecdotal "data" collected here?

gardner1

AnotherJoe wrote: »

Why not just pro-rate winnings from people with less than £50k?
Are you planning to expose a scam, whereby you dispute the return by using anecdotal "data" collected here?

OP wants winnings from people who have the maximum £50k worth of consecutive numbers

Saver84

AnotherJoe wrote: »

Why not just pro-rate winnings from people with less than £50k?
Are you planning to expose a scam, whereby you dispute the return by using anecdotal "data" collected here?

Hi AnotherJoe,
I have £50k to invest, so that's why Im asking.

atush

Why not put it somewhere with guaranteed interest of 1.5% or more?

coyrls

Saver84 wrote: »

Hi AnotherJoe,
I have £50k to invest, so that's why Im asking.

How will a few people posting their wins help you?

alanq

The Premium Bond Calculator will give a truer picture of what to expect than a few forum members reporting their experiences.


https://www.moneysavingexpert.com/savings/premium-bonds-calculator/#result

eskbanker

hgt wrote: »

I know NS&I quote the official prize fund rate as 1.4%, but the prize fund is skewed due to the large prizes (which you have a very low chance of winning). So I work on the basis that the actual realistic rate is more in the region of approx 1.0%. So on £50,000 that would be approx £500 of winnings per year... my winnings over the past year have been consistent with that.

While I agree that the notional 1.4% average (i.e. mean) is skewed, the median figure should be more like 1.2-1.26% than 1.0%.

With average luck, a £50K holding should return £50 per month, and the realistic odds of at least one more prize over the year should nudge up the typical annual return to about £625.

The MSE calculator doesn't represent this very well and falsely suggests that £500 is the median return, but this is only on the basis that it's more likely than £750 (the calculator results aren't shown with sufficient granularity). The projected median 'average luck' return of £2,500 (5%) over four years is a more realistic representation of what could be expected, i.e. 1.25% per annum, while the fact that it shows the same return for five years is a further illustration of its limitations....

hgt

eskbanker wrote: »

While I agree that the notional 1.4% average (i.e. mean) is skewed, the median figure should be more like 1.2-1.26% than 1.0%.

With average luck, a £50K holding should return £50 per month, and the realistic odds of at least one more prize over the year should nudge up the typical annual return to about £625.

The MSE calculator doesn't represent this very well and falsely suggests that £500 is the median return, but this is only on the basis that it's more likely than £750 (the calculator results aren't shown with sufficient granularity). The projected median 'average luck' return of £2,500 (5%) over four years is a more realistic representation of what could be expected, i.e. 1.25% per annum, while the fact that it shows the same return for five years is a further illustration of its limitations....

Yes my 1.0% estimate was purely based on my 'fag packet' calculations, I agree the actual return should be greater. I just wanted to warn the OP that they shouldn't assume the 1.4% that is often included in the headlines. Even though the average return on premium bonds is less than I could achieve in a typical instant access account... the fact that Premium bonds are tax free is useful to me... plus there's always the (minute) chance I could win big one day!