Premium Bond Winner ?

seven-day-weekend

My husband has £25 in June's draw. He has won nine £25 prizes since January 2012 on a holding of £4k.

CUPCAKESUE

That's a good return - perhaps I should leave 4K in one block and find a new home for the £26k.

I used to be very keen on premium bonds as I had a £10k win back in 1993 on the maximum holding of £20k.

Only had very small wins since then so I am beginning to give up on PB.


I suppose there's always next month but not if I cash them in to buy one block of £30K

Oldbiggles

Wife has won 3x£25 this month.
I also won 3x£25 this month.

Can't seem to break through the £25 barrier.

Thats a total of 21 wins between us this year so far and they are all £25.

As long as the interest rates on savings stay so low i suppose it's just as well to keep the bonds. But if and when saving interest rates go up again i will be looking for a better return.

dzug1

If savings rates go up again they'll probably increase the return on premium bonds - though maybe after a delay.

brewerdave

£100+£25 this month for me:)

Oldbiggles

brewerdave wrote: »

£100+£25 this month for me:)

Congrats!

Glad to hear that Ernie actually sends out prizes greater than £25.

:beer:

Magnolia

£25 for me again this month - they keep coming and building up

100saving

anyone got advice on how to buy Premium Bonds? also is it best to drip feed say £100 every month or save and put say £1200 in one go?

Ifts

100saving wrote: »

anyone got advice on how to buy Premium Bonds?

When I make a purchase I wait till the last day of the month (even if that falls on a Saturday or Sunday) because you have to hold them for a full calender month before they are entered in the draw.

For example if you bought them today you would waste the remainder of this month (July) and still have to hold them for a whole calender month (August) and they will be eligible for September's prize draw.

For example I bought some using my Halifax debit card on the last day of April, this is part of the email I got:

Thank you for your deposit.
Your payment was received for processing at 17:53 30 APR 2013 - this will be your date of deposit.
At the end of this message is a detailed receipt for your debit card transaction.

the money was shown as being debited from my Halifax account on the 1st May, and they will be eligible for June's prize draw.

I don't think it makes any difference if you buy them in £100 lots or save up the £1200 and buy them in one lot.

If you are new to PB's and you have to buy some to register then maybe buy the minimum when registering and top up at the end of the month.

Free-phone number for NS&I if you need to call them - 0500 007 007 - they're available every day from 7am till midnight.

BobQ

100saving wrote: »

anyone got advice on how to buy Premium Bonds? also is it best to drip feed say £100 every month or save and put say £1200 in one go?

Apart from timing the purchase to minimise the time that the bond is ineligible to be included in the next draw, it makes no difference. Every number has an equal chance of winning in each draw. If you have 1000 consecutive numbers, sure its more likely that one of these will win compared with any individual number but that does not mean that each number in a batch of 1000 is more likely to win.

The only way to increase your chances of winning in a draw is to buy more bonds.

The only other way to win is not to play the game and put it into a savings account.