Premium Bond Winner ?

strawb_shortcake

I thought I posted yesterday but seemingly not.

£75 on max, but looking back I realised I've won £1600 in 6 months, so rather pleased with that

Hal17

justwantedtosay said:

Hal17 said:

I had £300 and my O/H had £1,025 both on full holdings. Currently on 4.7% and 4.75% rolling 12 months. 

What's the trick? Mine is 2.8% over the last 12 draws, with 3 blanks on a full holding.

We have both been lucky. In the last 16 draws there is only one month where each of us has not won. I withdrew £38K for one month so only had £12K in the draw for September, with no win. Put the money back and in the first draw with the full holding in October, I won £300.00. Let's hope it keeps going.  Best of luck going forward. 

grandweb

If you're interested in seeing how your luck compares to others, you can use this site: premiumbondsresults.com to enter your bond ranges and then click through the adjacent bonds to see the bonds bought just before or after yours to compare. There is also an allocation page which shows you how likely you are to win.

Arrietty

A win of £200 for me this month on £40k holding.

Total of £900 so far this year so still a way to go to reach the dizzy heights of £1750 in 2024 and
£1625 in 2023.

london21

Won £200 FH
previous 2 months have been £0 

subjecttocontract

I think it's fine as it is.
I'm a great believer in finding something that works and sticking with it.
My other half often finds something that works perfectly and wants to try something new. Some are never satisfied.
Premium bonds are a great success for Government funding, the holders, the winners and anyone that wants to put their money somewhere free from tax. I wish they would stop trying to make it 'better' it doesn't need it.

exel1966

£50 for me on £50K

£2350    4.70% in 2025 
£2475    4.95% rolling year
£1650    3.30% tax year 25/26

£50        Smallest monthly win in 2025
£825      Largest monthly win in 2025

eskbanker

Primrose said:

i for one would welcome more prizes around he £500 mark.  The chances of winning a million pounds are so remote as to be off the radar whereas winning £500 would still be a useful sum to most people.

But subdividing a million quid into two thousand more £500 prizes would still make no meaningful difference to the total number of prizes, i.e. that extra 1,999 prizes would need to be seen in the context of the six million prizes paid out monthly, a point made regularly over the years on here!

https://forums.moneysavingexpert.com/discussion/comment/77468043/#Comment_77468043 

Primrose

Yes, but it would bring real happiness and perhaps genuine financial relief to those winners and in these difficult times that surely would be worth doing for that reason alone.

justwantedtosay

eskbanker said:

Primrose said:

i for one would welcome more prizes around he £500 mark.  The chances of winning a million pounds are so remote as to be off the radar whereas winning £500 would still be a useful sum to most people.

But subdividing a million quid into two thousand more £500 prizes would still make no meaningful difference to the total number of prizes, i.e. that extra 1,999 prizes would need to be seen in the context of the six million prizes paid out monthly, a point made regularly over the years on here!

https://forums.moneysavingexpert.com/discussion/comment/77468043/#Comment_77468043 

But most of those six million prizes are pointless £25 and £50 wins and the original suggestion was to get rid of them and have many more prizes of £500 and £1,000, not just 2,000, so hundreds of thousands more people won a prize that would actually mean something to most of them.

People with small holdings would probably still win nothing, people with large holdings would still win about the same over a year or two, those in the middle would be more likely to win something a bit more significant.

This is from a few years ago but still indicates how little chance anyone with just a few bonds has of winning anything, "Nearly three-quarters of Premium Bond holders have failed to win a prize in 14 years despite saving up to £80billion in their accounts." (Also, "43% of all Premium Bonds are held by just 4.3% of savers"). Imagine waiting 14 years, seeing you've finally won and then finding it's £25. In fact it's even worse than that as the 14 years only comes from that being when records started being collected.