Premium Bond Winner ?

underwhelmed_saver

£125 win this month (5 x £25)  - that's the most I've ever won.

This years rate of return at 1%

inflationbuster

Won 2x£25 this month.  Table updated for FY 21-22.

Invested	Total prize	Yield	Tax Year
50000	£175	0.35%	21-22
50000	£775	1.55%	20-21
50000	£725	1.45%	19-20
50000	£950	1.9%	18-19
50000	£450	0.9%	17-18 starting  Nov
	£3,075	6.15%
	Total	ROI

redpete

TheMilkmansDad said:

Stargunner said:

Easy enough to work out in your head or with a calculator. If you work on a 12 month period, on your holding of £10k, if you win £100 in that period your rate of return is 1%. If your only win is that £25 in that period your rate of return is 0.25%

Thanks. Yeah, i have that - was more thinking of future proofing the formula. Am drip feeding bits of spare cash in at the moment so the 10k is made up of deposits from Nov - July, was hoping to get a more accurate return formula to take in to account any future deposits and any winnings.

I found a link to a spreadsheet here that is pretty easy to adapt to track PB winnings and give the equivalent interest rate.

SandyN21

Don't give up on that big one folks!!


Bristol woman wins a million pounds on Premium Bonds she bought nearly two decades ago

https://www.bristolpost.co.uk/news/bristol-news/bristol-woman-wins-million-pounds-5857916

najan49

I’m not about to read a 675 page thread so apologies if this has been covered.

I have £4 in premium bonds which I was given at my christening in 1972. My only prize was £100 which I won in 1985 - I have no idea what my annualised return has been but I guess it’s ok 😉

Anyway, the elephant in the PB room is inflation. If people are prepared to invest £50k in premium bonds with a 1% yield, aren’t they locking in a guaranteed real loss?

masonic

najan49 said:

I’m not about to read a 675 page thread so apologies if this has been covered.

I have £4 in premium bonds which I was given at my christening in 1972. My only prize was £100 which I won in 1985 - I have no idea what my annualised return has been but I guess it’s ok 😉

Anyway, the elephant in the PB room is inflation. If people are prepared to invest £50k in premium bonds with a 1% yield, aren’t they locking in a guaranteed real loss?

I make your annualised return about 6.8%, which is ahead of even RPI (~5.5%) over those 49 years.

Yes, someone with average luck should expect not to keep up with inflation when buying premium bonds (or any savings product) now. We will only know for sure with the benefit of hindsight, since future inflation is not yet known.

MX5huggy

najan49 said:

I’m not about to read a 675 page thread so apologies if this has been covered.

I have £4 in premium bonds which I was given at my christening in 1972. My only prize was £100 which I won in 1985 - I have no idea what my annualised return has been but I guess it’s ok 😉

Anyway, the elephant in the PB room is inflation. If people are prepared to invest £50k in premium bonds with a 1% yield, aren’t they locking in a guaranteed real loss?

What did 13 year old @najan49 do with £100? 

Sea_Shell

najan49 said:

I’m not about to read a 675 page thread so apologies if this has been covered.

I have £4 in premium bonds which I was given at my christening in 1972. My only prize was £100 which I won in 1985 - I have no idea what my annualised return has been but I guess it’s ok 😉

Anyway, the elephant in the PB room is inflation. If people are prepared to invest £50k in premium bonds with a 1% yield, aren’t they locking in a guaranteed real loss?

You've done much better than my husband.    He's had £21, bought between 1966 and 1987, which have never won a bean.

(which is probably correct, statistically)

Here's hoping our new buy, will have more luck come November (£40k)

Eco_Miser

najan49 said:

Anyway, the elephant in the PB room is inflation. If people are prepared to invest £50k in premium bonds with a 1% yield, aren’t they locking in a guaranteed real loss?

No, because the only thing guaranteed about Premium Bonds is that you will get £1 back for each one when you cash them in.

On average luck they will make a loss at present, but they could win a million, they could win absolutely nothing, or a wide range of values (in £25 steps) in between.

molerat

4 x £25 on a joint £34K

App not working for anyone else ? - had to go into the web page to get the results.