Premium Bond Winner ?

onthebench

josh33 said:

pbcpdeveloper said:

josh33 said:

Btw, are bond numbers ever re-used when sold and allocated to a new account?  

No, never re-used.

My brother's latest bonds bought last month began 442, so it'll be a while until they hit 999 - maybe in 50 years!

A lot sooner than that.
I bought some numbered 400... in June last year and my most recent purchase in April was 452...
That suggests the three-digit numbers are currently being used up at a rate of about 60 per year, so we will roll over to four digits some time around 2030.

In fact if 442 was sold in April and so were my 452 numbered bonds, the rate of sale must be rising even more rapidly, to get through 10 number blocks in a single month.

pbcpdeveloper

The limit to the number of bonds an individual can own has increased over the years,  it started off at £10k per person in 1957, and has risen to £50k now so that obviously speeds up the rate of bond number allocations significantly.

eskbanker

pbcpdeveloper said:

The limit to the number of bonds an individual can own has increased over the years,  it started off at £10k per person in 1957, and has risen to £50k now so that obviously speeds up the rate of bond number allocations significantly.

And hence the fact, from https://nsandi-corporate.com/media-resources/premium-bonds-factsheet, that:

over 95% of those currently held have been purchase since 2000

Perhaps also worth noting that this figure was published two years ago, since when the number of bonds has increased by about a third....

onthebench

The total prize pool in March was £86,905,650 (increase of £1,800,100 or 2.12% on February)
The total prize pool in April was £88,215,800 (increase of £1,310,150 or 1.51%)
The total prize pool in May was £89,792,075 (increase of £1,576,275 or 1.79%)

So assuming the prize pool in a given month is 1%/12 = 0.0833% of the total value of bonds that suggests the number of eligible bonds increased from about 105,860,000,000 in April to 107,750,000,000, a rise of £1.89 billion in a single month.

Lornrussell

£25 for me on 32k holding (ish - I can never remember what I've actually got! Might be 34k...)

fly-catchers

2 x £25 on 50K

Nebulous2

First month in the draw for me. 2x£25 on £25k 

strawb_shortcake

Sweet Fanny Adam's for the second month running with £50k. 
I think I'm going to struggle to reach the average 1% in my second full year, I'll need £250 in the next 4 months. 
For my running 12 months my interest rate is 0.9%

becky_rtw

Nothing for me on £19.5k this month 

Stargunner

2 x £25 for me on 50k