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Premium Bond Calculator

zsolmanz
Posts: 17 Forumite

46% chance of winning the jackpot by holding £50k over 5yrs?
This is a bug, right?


This is a bug, right?

0
Comments
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Isn't it closer to 1 in 20,000 rather than 1 in 2?
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Yes, the calculator is broken - it was reported to MSE about seven weeks ago but evidently hasn't yet been addressed:
https://forums.moneysavingexpert.com/discussion/6416798/premium-bond-calculator/p1
And yes, roughly 1 in 20,000 chance of winning a million from a maximum holding over five years....0 -
Wow it's even better over 4 years
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Hi all - the team are aware of the issue and have added a note at the top of the calculator page while they work on updating the logic.Official MSE Forum Team member.Please report all problem posts to forumteam@moneysavingexpert.com0
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With average luck it says that you can win £5k over 5 years. I was looking into an account that is paying 4.5% over 5 years and with £20k you are guaranteed just under £5k. I have £5k in PB at the moment and a 1 yr bond about to mature. Food for thought for me.2025 Fashion on a ration 0/66 coupons
2025 Frugal challenge0 -
Gem-gem said:With average luck it says that you can win £5k over 5 years. I was looking into an account that is paying 4.5% over 5 years and with £20k you are guaranteed just under £5k. I have £5k in PB at the moment and a 1 yr bond about to mature. Food for thought for me.1
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