Premium Bond Winner ?

eskbanker

MatthiasSchilf said:

January 2026 draw

Wife: £50K holding, £0 winnings
Me: £50K holding, £50 winnings

£50 from £100K in bonds is not exactly stunning, is it?

(For reference, we have had £50K each in bonds since June 2025 and our combined winnings so far are equivalent to 2.7% interest)

If that 2.7% is actual absolute return then it's above average if measured since June, but if it's an annualised figure then it's a bit below average, but not outrageously so, given the 3.1% figure mentioned a couple of posts back.

Zerforax

I've been slowly building up since April, roughly £1k a month but now have £12k saved. Not won a single prize yet (which is probably par) but I just want to win £25 once haha

eskbanker

Zerforax said:

I've been slowly building up since April, roughly £1k a month but now have £12k saved. Not won a single prize yet (which is probably par) but I just want to win £25 once haha

I'd say that's some way below par as average luck should have delivered about three prizes by now, but now that you've built up your holding to £12K, you should win a prize every other month on average.

RedImp_2

Bit late to comment but £200 on FH for January so happy with that as a start to the year.

Starbrite

Jan draw - £100 and a £25 on a holding of £11,550

london21

Will likely invest in index funds soon instead because although i am excited to see what i will get each month and it is tax free.
The winnings have not been encouraging.
full holding 50k

March 2025 200
april 100
may 0
june 50
july 225
august 0
september 0
october 200
november 0
december 50

Primrose

I think this is the dilemma many older people have with their savings now especially with the policies of the current government.

eskbanker

Primrose said:

I think this is the dilemma many older people have with their savings now especially with the policies of the current government.

Not completely sure what 'this' dilemma is that you refer to but if it relates to comparing returns from investing against premium bonds or savings accounts, then this is surely applicable to all age groups and ought to be less of an issue now than in the many previous years when both savings and PBs returned significantly less than inflation?

Kim_13

eskbanker said:

Primrose said:

I think this is the dilemma many older people have with their savings now especially with the policies of the current government.

Not completely sure what 'this' dilemma is that you refer to but if it relates to comparing returns from investing against premium bonds or savings accounts, then this is surely applicable to all age groups and ought to be less of an issue now than in the many previous years when both savings and PBs returned significantly less than inflation?

Older people are more likely to have sufficient funds so as to be holders of a significant amount of Premium Bonds (as it is generally better to utilise PSA and fill ISA first, plus younger people are paying into a pension rather than drawing down.) Of course that is not always the case and there are younger people who have done well for themselves, inherited a lump sum or whatever it might be, just as there are older people with limited means and qualifying for Pension Credit.

It is more of an issue now as the PSA has not increased since 2016 and that coupled with higher returns for savers (which are a good thing) mean that more and more people face the conundrum of do I take the after tax return or make use of a tax free savings vehicle.

eskbanker

Kim_13 said:

eskbanker said:

Primrose said:

I think this is the dilemma many older people have with their savings now especially with the policies of the current government.

Not completely sure what 'this' dilemma is that you refer to but if it relates to comparing returns from investing against premium bonds or savings accounts, then this is surely applicable to all age groups and ought to be less of an issue now than in the many previous years when both savings and PBs returned significantly less than inflation?

Older people are more likely to have sufficient funds so as to be holders of a significant amount of Premium Bonds (as it is generally better to utilise PSA and fill ISA first, plus younger people are paying into a pension rather than drawing down.) Of course that is not always the case and there are younger people who have done well for themselves, inherited a lump sum or whatever it might be, just as there are older people with limited means and qualifying for Pension Credit.

So it's a dilemma for wealthier people then, rather than older ones per se?

Kim_13 said:

It is more of an issue now as the PSA has not increased since 2016 and that coupled with higher returns for savers (which are a good thing) mean that more and more people face the conundrum of do I take the after tax return or make use of a tax free savings vehicle.

Unfortunately many people have an irrational view of tax and will do their utmost to avoid it, even to their overall detriment!