What did you win through Premium Bonds in 2023?

rwmorris

Was discussing Premium Bonds with a friend of mine recently, they have £10,000 invested, and seem to win something at least every other month, I think their minimum was 2 x £25 prizes, and their max was £500. It obviously snowballs cause it keeps reinvesting in itself. They've had the account for around 18 months and seem to be doing really well. They could of course just be exceptionally lucky.

I've had £2,500 invested in Premium Bonds for two years and have had absolutely zero back from it. 

Yes, I know I need more in it than just £2,500, and considering options, but would be really intrigued to know, if you want to share, how much do you have invested and how much did you win in 2023?

eskbanker

There's an existing thread where posters share their holdings and winnings every month:

https://forums.moneysavingexpert.com/discussion/81778/premium-bond-winner

Swipe

A shocking 2.8% return in 2023 on the max holding

mebu60

£1700 on £50k = 3.4%. Worth 5.65% to me as HR.

Bear in mind prize rate was 3.0% at start of 2023 so 'expected return' on average luck excluding distortion of relatively few major prizes would have been around 2.4%. 

Prize rate had risen to 3.7% from July. Prize rate at end of 2023 was 4.65%, reduces to 4.4% from March. 

So I was probably around the 'expected return' across the year. No complaints from me as it's tax free and I'm HR. 

Bue21

Admittedly I didn’t have many bonds - approx £2900. I don’t recall winning anything in 2023 but could possibly have won £25 (I did win that at some point but suspect it was 2022). That makes a very pathetic return of under 1%. Never won more than once in any year and often nothing at all. I called it a day and cashed them in a few weeks ago.

newatc

2.25% on maximum (no individual prize over 100). Not great but tax free and if I cashed in and put elsewhere, it would be subject to 40% and I can hope for a bigger return next year.

Cus

£1925 on max holding, which is 3.85%. looks approx the average rate for the year.

Frogletina

2.75%, which as a 20% taxpayer is not a good return for me, and that is the highest it's been since I've had the maximum in premium bonds

subjecttocontract

Frogletina said:

2.75%, which as a 20% taxpayer is not a good return for me, and that is the highest it's been since I've had the maximum in premium bonds

That's equivalent to 3.43% before tax which is probably what you might have got had you put £50K in a 1 year fixed rate bond at the start of 2023.

silvercar

6.6% which I am very happy with. Helped by one £1000 win, which obviously makes a big difference. Holding around the 35k mark.

Dan83

I got the grand sum of (drum roll please)……… £0, Nil, Zilch!

I only had £1175 in, I have recently set up a payment to add an extra £25 per month, I doubt that will improve my chances though.