Premium Bonds and your expereince

RetSol

The diligent Martin Lewis answered the question here - https://www.moneysavingexpert.com/savings/premium-bonds/- as far as I am concerned. 

sweetsand

6022tivo said:

Have had 2 x £1000 wins this year. 2020 has been so good! 
I think it takes my 12 month running interest to about 4% which is very lucky/ 

So you have 100k in them between you and your OH is my guesstimate - thanks and well done!

sweetsand

Again, thank you all, all very interesting and encouraging though i am aware I may get a lot less than the 1% but hoping to get a lot more

AnotherJoe

sweetsand said:

Again, thank you all, all very interesting and encouraging though i am aware I may get a lot less than the 1% but hoping to get a lot more

Why is it encouraging? For everyone with above average luck, there's someone with below average luck. As the saying goes "that could be you"

Of course, what they got in the past is irrelevant as to what they will get in the future unless you believe that their luck will run into the future in which case, it's more likely you will get below average luck.  So you should be discouraged. 

sweetsand

AnotherJoe said:

sweetsand said:

Again, thank you all, all very interesting and encouraging though i am aware I may get a lot less than the 1% but hoping to get a lot more

Why is it encouraging? For everyone with above average luck, there's someone with below average luck. As the saying goes "that could be you"

Of course, what they got in the past is irrelevant as to what they will get in the future unless you believe that their luck will run into the future in which case, it's more likely you will get below average luck.  So you should be discouraged. 

That's fair enough and you are entitled to that as I am entitled to be encouraged by what has been posted. As you are aware, I am also aware of the risks, rewards and luck and happy these posters took the time and effort to share their experiences and help me decide.

Albermarle

sweetsand said:

Again, thank you all, all very interesting and encouraging though i am aware I may get a lot less than the 1% but hoping to get a lot more

It is not 1 % - the reality is that you should see an average  return of around 1.2% + an infinitesimal chance of winning a Million 

droopsnoot

sweetsand said:

However, not everyone waits to the end of the month to take money out or put in so they lose a months chances.

I don't have the maximum in, but I'm averaging around 1.3% on a very basic calculation. But once in, I leave them in - I don't pay in and take out.

sweetsand

droopsnoot said:

sweetsand said:

However, not everyone waits to the end of the month to take money out or put in so they lose a months chances.

I don't have the maximum in, but I'm averaging around 1.3% on a very basic calculation. But once in, I leave them in - I don't pay in and take out.

Thank you
The answers, repsonses, experience posted by the vast majority .
We have decided to add a lot more to what we have towards the end of the month, transfer will be easy as the money is with nS&!

coyrls

sweetsand said:

AnotherJoe said:

sweetsand said:

Again, thank you all, all very interesting and encouraging though i am aware I may get a lot less than the 1% but hoping to get a lot more

Why is it encouraging? For everyone with above average luck, there's someone with below average luck. As the saying goes "that could be you"

Of course, what they got in the past is irrelevant as to what they will get in the future unless you believe that their luck will run into the future in which case, it's more likely you will get below average luck.  So you should be discouraged. 

That's fair enough and you are entitled to that as I am entitled to be encouraged by what has been posted. As you are aware, I am also aware of the risks, rewards and luck and happy these posters took the time and effort to share their experiences and help me decide.

I don't think entitled comes into it.  It is a fact that other people's history of wins will have no effect on your past or future wins.

Sailtheworld

The national lottery probably prefer it when portly middle aged couples go public about their wins. 

Doesn't affect the odds of winning one iota but makes the chance of winning seem 'real'. I always find myself drawn to rollover draws - no idea why - my odds of winning are completely unchanged.