What did you win through Premium Bonds in 2023?

soulsaver

£2200 on £full - main feature a £500 single ticket in a £625 win in July IIRC. So 4.4% which grosses up to 5.50% for comparative purposes 'cos I pay tax on savings interest.

PeskyBlunder

£1325 on a holding of £36658

BooJewels

eskbanker said:

BooJewels said:

I usually work out my interest on a rolling 12 months, but by chance, my rolling year and 2023 calendar year gave the same result.

Surely that'll always happen (not by chance but inherently) at the end of each calendar year?

No.  It was only the same this time because I won £50 in January 2023 and also £50 in January 2024. Pure coincidence.  It would be (almost) the same for a fixed rate account, but PB returns are random.  My own monthly returns have varied between zero and £325 in the last 12 draws.

If, for example, I'd won £300 last January instead of the £50 that I did - my 2023 calendar year total would be £1,425 - giving rise to a return of 5.44%.  My 'rolling 12 months' goes from Feb 2023 to January 2024 and was £1,175.  Not the same at all.

nesssie1702

I've been quite lucky in 2023, as my return was just over 13%  Will be interesting to see how that compares with 2024.

eskbanker

BooJewels said:

eskbanker said:

BooJewels said:

I usually work out my interest on a rolling 12 months, but by chance, my rolling year and 2023 calendar year gave the same result.

Surely that'll always happen (not by chance but inherently) at the end of each calendar year?

No.  It was only the same this time because I won £50 in January 2023 and also £50 in January 2024. Pure coincidence.  It would be (almost) the same for a fixed rate account, but PB returns are random.  My own monthly returns have varied between zero and £325 in the last 12 draws.

If, for example, I'd won £300 last January instead of the £50 that I did - my 2023 calendar year total would be £1,425 - giving rise to a return of 5.44%.  My 'rolling 12 months' goes from Feb 2023 to January 2024 and was £1,175.  Not the same at all.

My point was the simple mathematical fact that at the end of each calendar year, the rate as measured by rolling year and calendar year must be the same, as they'll encompass the same 12 draws!  In other words, your returns (and anybody else's) for the rolling year to the December 2023 draw must be the same as the returns in the 2023 calendar year, the same principle applying to any other calendar year too.

If you're measuring returns over two different periods and they happen to be the same then yes, that's by chance, but seems an observation of little value which, as you say, basically boils down to 'I won the same in January 2024 as I did in January 2023'....

MK62

My OH 2023 prize rate was 3.8%.

I cashed mine in after the July draw (was heading for about 2%pa... ) for a fixed rate saver at 5.95%....after accounting for tax (so a real rate of 4.76%) it's slightly ahead of OH atm, (OH prize rate has slowed a bit since July to about 3.2%pa) but who knows come July 2024.......

talexuser

1575 on 50k for me and 2200 on 50k for other half. No other tax free options left for HR payer so not really disappointed.

Chloe_G

£1475 on max holding - 2.95% I think

Tax_Slave

On £100,000 joint holding we won £5950 so a return of 5.95%.
My wife had the lucky bonds and her return was 8% on her £50,000 holding.

I_am_a_robot

£7,050 although December came in best with a £5,000 prize + £250 in smaller prizes.  October was the worst with zero.