Premium Bond Winner ?

Benny2020

Is there a best time of the month to buy in order to reduce the waiting time for eligibility for the next draw?

eskbanker

Benny2020 said:

Is there a best time of the month to buy in order to reduce the waiting time for eligibility for the next draw?

Yes - any bonds bought during a month are eligible for the draw at the start of the month after next, i.e. any purchases during August are eligible for the draw at the start of October.  Therefore buy as late as possible in the month.... 

Stompa

Benny2020 said:

Is there a best time of the month to buy in order to reduce the waiting time for eligibility for the next draw?

According to:

https://www.moneysavingexpert.com/savings/premium-bonds/

"In general, you need to hold the bonds for a full month before they're eligible to win. So, buy bonds any time in January and they'll be in the draw from March. So if you're moving money over from other savings, it's best to do it in the last week of the month, as that way you minimise the time the money's not earning interest and also not in a draw for Premium Bonds."

Blue_Sky

Jimmithecat said:

Has anyone on this site ever won or know anyone who has won a big prize on PB?

I think someone posted a while back that they had won a maximum prize, I would link you to the post if I could find it, but I can't perhaps someone else can.

AnotherJoe

We never heard from the OP, I was expecting a detailed statistical analysis of the answers proving or otherwise his theory

London7766551

£50 on 13k

onthebench

£25 for me this month, the first draw since I topped up my holding from £25 to £6,250. Prize reinvested so it will be eligible for the million in September 
(I see the website was saying "Augustus's draw" rather than August's - has Ernie had some help?)

jjmmww1

No win for me in August first month in had 7k in holdings lets see if we get anything this month coming 

taylornj

Just a single £25 win on £50k for Septembers draw.

garmeg

taylornj said:

Just a single £25 win on £50k for Septembers draw.

How do you know, since the results are not yet available?