Premium Bonds

Alp1ne

I bought £5500 worth of premium bonds 18 months ago and have not won any prize at all.  With average luck I should be winning £250 over that period.   Do you think I should check with NSandI that the bonds are actually included in the monthly draw?

Emmia

Alp1ne said:

I bought £5500 worth of premium bonds 18 months ago and have not won any prize at all.  With average luck I should be winning £250 over that period.   Do you think I should check with NSandI that the bonds are actually included in the monthly draw?

The draws are luck based, your bonds are included, but so far you've been unsuccessful / unlucky...

PBs are not a "guaranteed return" that's how prizes work - you've won nothing so far, but you could win a million next month.

If you want a guaranteed return you should hold your money in a savings account with a published interest rate.

sheramber

wrong forum. have reported to be moved

Ayr_Rage

Check you online account.

UnsureAboutthis

Average is just that, average.

We are currently on about 1% for my PB's over 12 months and my OH is close to 2%
We are considering closing one lot and moving it to a building society, not fixed at over 4.5% saving rate, gross.

I've seen winners in the press announcements that hold 5 quids worth PB's have won a million quid,  but on the whole, a lot more win the million who hold the max amount.

Beeblebr0x

Check on the NS&I app if you've downloaded it.

Under 'My accounts', tap on 'Premium Bonds' (your account number is directly below it). Then 'View prize history'.

Also, make sure NS&I has your correct email address.

Flugelhorn

I cashed mine in but had 4 times that and probably didn't get anywhere near £250 over a 12 month period. 

Murphybear

Don’t worry about your bonds not being entered, the system is strictly monitored.  I used to work in a big London Post Office and we sold them and cashed the warrants for smaller amounts.  I can remember one lovely elderly man who brought a handful of warrants in, he’d saved them up for 6 months.  He’d told me he had the maximum holding which was 30k back then.  

The initials and area of the winners are published.  Another of my customers asked me why people in London seemed to win a lot more than non Londoners, I had to keep a straight face to explain that, as London has a lot more people than anywhere else, then statistically there were a lot more bondholders there LOL.  We sold a lot more at the beginning/end of the month, presumably people had just been paid and wanted to invest some money.  

I have about 16k and have won £250 in the May, June and July draws (in total, not every month).  Mine get reinvested  automatically, it helps me save.

Someone winning £1m with a tiny holding makes the headlines as it’s very very very rare.  

heatherw_01

Moving to savings board 

This forum is just for posting about UK holidays.

masonic

There's only about a 1% chance of winning nothing with £5,500 over 18 months, so consider yourself very unlucky, but one in every hundred people are at least as unlucky as you have been.

Tax_Slave

Luck of drawer and person 😆

Myself and wife have maximum holding (£50k each).
Wife won 75% more than me in 2022, 50% more than me in 2023, 100% more than me in 2024.
So far this year I’m ahead by 15%.

Biggest win in 10 years for me was £500 single win. In same draw wife won single biggest bond  win of £1,000!
(She won £1,225 in total for that draw).
Then 2 months later she won another single bond won of £1,000 (She won total of £1025 for that draw).
So in 10 years of both having max holdings and out biggest single bond win having been £100 we beat record three times in two months when interest rate return on bonds was 3.6%.