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Premium Bonds - 2 brief questions

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Comments

  • eskbanker
    eskbanker Posts: 40,803 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I had the maximum amount of £50k for about 3 years - and never won more than £75 in one month. I wouldn't win every month either! I now only have £15k in there and this month won £100 - I wonder if that is due to people having withdrawn money due to poor rates so I had more chance of winning?
    No, it's due to randomness.

    Apart from anything else, there are more PBs in circulation than ever before (see linked thread in earlier post) and the number of prizes is adjusted each month to be a set percentage of those bonds, so the chances of each bond winning remain constant from one month to the next (except when the headline rate is occasionally modified).
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