Premium Bond Winner ?

Bunbury

My first ever wins this month: £25 + £50. Held £14k since Feb 2021.

tunde10

£100 from £45k this month.
Biggest win in a month. Total of £250 won from Jan this year on an avg of £43k. So not bad at all.

lr1277

3 x £25 on a 32k holding.

josh33

Financial analysts are now speculating that premium bonds may be in line for another cut...
https://www.thisismoney.co.uk/money/saving/article-9640095/Could-Premium-Bonds-cut-20bn-poured-year.html

'NS&I have a net financing target of £6billion for the 2021-22 financial year. Given they are seeing growth of around £1.5billion-£2billion per month on Premium Bond balances, this doesn't look sustainable. 'I expect NS&I's full year results to also came with an announcement of a reduction to the prize pool as otherwise, NS&I look on track to go significantly above their target.'

Last time the odds were cut from 1 in 34,500 to 1 in 24,500, media analysts seemed to have been tipped off and were speculating on it 2 months in advance - so it looks quite likely they will be cut further very soon  

ranciduk

If they’ve got too much money , why are they about to launch green savings bonds...

strawb_shortcake

josh33 said:

Financial analysts are now speculating that premium bonds may be in line for another cut...
https://www.thisismoney.co.uk/money/saving/article-9640095/Could-Premium-Bonds-cut-20bn-poured-year.html

'NS&I have a net financing target of £6billion for the 2021-22 financial year. Given they are seeing growth of around £1.5billion-£2billion per month on Premium Bond balances, this doesn't look sustainable. 'I expect NS&I's full year results to also came with an announcement of a reduction to the prize pool as otherwise, NS&I look on track to go significantly above their target.'

Last time the odds were cut from 1 in 34,500 to 1 in 24,500, media analysts seemed to have been tipped off and were speculating on it 2 months in advance - so it looks quite likely they will be cut further very soon  

That possibility was also raised a couple of months back, March possibly as there was a bigger than expected influx of money into PB accounts 

Indout96

getting a bit fed up now £15k holdings not had a win for 11 months now 

eskbanker

annabanana82 said:

josh33 said:

Financial analysts are now speculating that premium bonds may be in line for another cut...
https://www.thisismoney.co.uk/money/saving/article-9640095/Could-Premium-Bonds-cut-20bn-poured-year.html

'NS&I have a net financing target of £6billion for the 2021-22 financial year. Given they are seeing growth of around £1.5billion-£2billion per month on Premium Bond balances, this doesn't look sustainable. 'I expect NS&I's full year results to also came with an announcement of a reduction to the prize pool as otherwise, NS&I look on track to go significantly above their target.'

Last time the odds were cut from 1 in 34,500 to 1 in 24,500, media analysts seemed to have been tipped off and were speculating on it 2 months in advance - so it looks quite likely they will be cut further very soon  

That possibility was also raised a couple of months back, March possibly as there was a bigger than expected influx of money into PB accounts 

Indeed, there was a thread in response to an MSE piece about high inflows exactly three months ago:

https://forums.moneysavingexpert.com/discussion/6248996/record-2-16-billion-more-saved-in-premium-bonds-in-a-month-mse-news/p1

josh33 said:

Last time the odds were cut from 1 in 34,500 to 1 in 24,500

It was of course the other way round - the cut was going from 1 in 24,500 to 1 in 34,500!

josh33 said:

Last time the odds were cut from 1 in 34,500 to 1 in 24,500, media analysts seemed to have been tipped off and were speculating on it 2 months in advance - so it looks quite likely they will be cut further very soon

Personally I wouldn't assume that a speculative Daily Mail piece, reiterating what was said here three months ago, signifies any inside info or tipping off - it's just how journalism (or rather "journalism") works!

ranciduk

Well the last cut clearly worked! Not...

im guessing another cut would be fairly small, so it probably won’t achieve much 

Eco_Miser

ranciduk said:

If they’ve got too much money , why are they about to launch green savings bonds...

To enhance the Chancellor's green credentials.