Premium Bond Winner ?

Browntrout_2

Nothing in the last year, we have a couple of hundred quid each in PBs.

I might cash them in a buy something mad like an iPhone or a TomTom
:beer:

isofa

pimento wrote: »

Another 3 x £25 prizes for me this month on a £15,000 holding. So since the bonds went into the draw (two months) I have won £125.

Not sure what I would have been earning in interest though.

Say you had 15K in a 3% account, each month (based on annual interest) you'd get £37.50

And in a 4% account you'd get £50 each month (based on annual again).

pimento

Thanks for that isofa, I'm re-investing my winnings so hopefully my odds will get better every win.

leveller2911

£10k holding since May........6x£25 so far.
I'm happy enough leaving them in and having a little gamble....

Magnolia

Whooohooo!!! They found my numbers!!! :j

Oh yeah - 25 quid this month :T

Might blow the lot on ......... errrrrrr .......... not a lot! :rotfl:

pimento

Of course, for every premium bond holder who takes their money out and buys a fixed rate bond, means there is more chance I will win.

glider3560

pimento wrote: »

Of course, for every premium bond holder who takes their money out and buys a fixed rate bond, means there is more chance I will win.

Err, no. As people cash in their bonds, the prize fund will decrease as the prize fund is calculated by multiplying the total holdings by the interest rate (which is currently 1.5%). There will be fewer prizes, so fewer winners therefore less chance of winning.

CarMadMoneySaver

Go for it!

If you're fully invested elsewhere, and you think it's worth a punt, why not?

I've only got a few hundred invested in them myself, but I just regard them as a sort of Lottery Ticket, only one where you can always get your pound pack at any time.

If you've got the money and are happy with the set-up, go ahead. At least you're money's safe there. Surely better than having invested in an Icelandic bank in the past few years!

I just treat mine as a better gamble than the Lottery or the horses. The publicity over recent years (with Sir Alan et al) and 'interest rates' published miss the point - it's a gamble with a returnable stake, that's all.

Some you win, some you lose - or in this case, not. You can always cash it in again.

payoffline

What would you say to being able to collect your money, in cash, at the Post Office?

If we can introduce PayOffline into nsandi they will be able to simply enable cash payments via a barcode that is emailed to the winners or and SMS text message.

Etccarmageddon

payoffline wrote: »

What would you say to being able to collect your money, in cash, at the Post Office?

pointless, it would be easier if they just credit winnings into my current account.

If we can introduce PayOffline into nsandi they will be able to simply enable cash payments via a barcode that is emailed to the winners or and SMS text message.

it'll never catch on.