Premium Bonds

FLEX24

Nice one Sparklyblue, a no cost flutter cant be bad.
NS&I need 1 clear month before PBs go in the draw so I buy online in last few days for shortest wait. I suppose to go to the nth degree with that is to buy at end of Jan and not where the clear month has 31 days.

Out of interest though, my winning frequency seems to have dropped since they went up to £30K Max holding(50% increase). I bought 25% more on my holding but im sure im getting half as many wins. Perhaps they're adding up for a big one! _party_

lipidicman

FLEX24 wrote:

Nice one Sparklyblue, a no cost flutter cant be bad.

That would be lovely, but stop saying this is a no cost flutter, because it ISN'T!

Your stake is erroded by inflation, and you lose any interest you would otherwise get. Also the odds are small compared to other 'flutters' where you risk a little more (or all) of your stake

bargain_2

I have £300 pounds bonds for 8 years. Never won a thing I live in hope. i'ts got to be shared into six if we win.

FLEX24

Point taken.

Al_Mac

Old father Mac, me dad, keeps records on these things, his stats show £5k, his max single investment, wins more times than any others.

OK it is only one person and one stat, but are £5K chunks the best?

:beer:

worldtraveller

Al_Mac wrote:

Old father Mac, me dad, keeps records on these things, his stats show £5k, his max single investment, wins more times than any others

Oh dear, I hope my family don't call me "old" too often , but I've held a single premium bond for many (too many!) years now (parents bought it for me in the year I was born) and not one penny (or pence!;) ) in winnings on it. More recently I've held £7K and in the last year I've received around 2% return in prizes. Of course still waiting for the big one!_party_

ManAtHome

Al_Mac wrote:

Old father Mac, me dad, keeps records on these things, his stats show £5k, his max single investment, wins more times than any others.

OK it is only one person and one stat, but are £5K chunks the best?

:beer:

No, that's just the way it works. If you have a £5k block you get 5,000 'goes' each month so this should win (in theory) 50 times more often than a £100 block which only gives you 100 goes a month. Given that it's a random draw, there should be no difference between having 1 £5k block and 50 £100 blocks.

Buying £5k blocks does save you a lot of writing/typing though.!

elizafraser

I've had some since I was a child, which is too many years to admit to in public, never won a sausage.

bec28

My grandma bought me £100 worth of premium bonds for my 21st birthday (am now 28) and last year I won for the first time. Got £500 so was really pleased with that especially as we had just moved house so the extra cash came in handy.
Am thinking of buying some for my two children now as well.

Poppy9

We all had £10 of bonds bought for us as children. Eldest sibling is 50 and not one of us has won a bean in all those years. 10 years ago I bought £200 for my daughter. Again - not a bean.