Premium Bond Winner ?

Jrose1927

I've invested 10k and I'm in next month's draw fingers crossed 

concorde1966

I have £13,000 invested now and haven’t won anything for 6 months. 

eskbanker

concorde1966 said:

I have £13,000 invested now and haven’t won anything for 6 months. 

Only a 4% chance of that happening, so unlucky, but not freakishly so....

concorde1966

eskbanker said:

concorde1966 said:

I have £13,000 invested now and haven’t won anything for 6 months. 

Only a 4% chance of that happening, so unlucky, but not freakishly so....

I did well the first two years and won £175 the first year and £150 in the 2nd year. Hey, ho , keeping my fingers crossed for the next draw...
Good luck everyone 🤞

jeannot18

We used to have ~26K, we maybe won £25 per month, sometimes but very rarely 2 x £25. The whole time we had it, the maximum one month was £100. It got worse just before we sold most of it

blue_eyes

Prize fund heading down in May as NS&I remove 174000 monthly prizes. Chances of winning goes down 1/24500 to 1/26000 . The prize fund "interest rate" they use going from 1.4% to 1.3%, though the rate is often quoted lower in reality due to the skew of prize sizes....

oli356

So you mean 'Chances of winning go down' ..?

blue_eyes

thanks oli - I have edited the original

concorde1966

jeannot18 said:

We used to have ~26K, we maybe won £25 per month, sometimes but very rarely 2 x £25. The whole time we had it, the maximum one month was £100. It got worse just before we sold most of it

The most I have won in the same draw is 3 x £25’s and 2 x £25’s

Oldbiggles

So they are dropping the rate again and once more its the number of lower prizes that will reduce. Why on earth they don’t axe one of the £1 Mil prizes instead and share the money amongst the smaller prizes. On this forum there are always people who take delight at winning one of these small amounts. At least we would get some small return on our savings as the chances of winning that top prize is next to an impossible dream. With interest rates on savings now so low and inflation so much higher, money in Building soc’ or Premium bonds etc are gradually losing value day by day. Anyone with Debts like mortgage, car loans etc would be much wiser paying off the debts rather than saving. Better to get full value rather than waiting 5years and then finding you can only buy half as much as you could have today.