Premium Bond Winner ?

newatc

Usual £75 on our joint 100k

Kantankrus_Mare

Just to show that winning is the luck of the draw.....

Sadly my Mam passed away on Valentines Day 2020 just before Covid. She had £16,000 in premium bonds and she had a win almost every month. A year after her death, the bonds were shared between me and my brother. We both invested £8,000 in our own names and the amount of winnings is very different. I won £25 the first month and nothing since. My brother had nothing the first month but has won something for the past 5 months. Im the one that checks on the ns&i site and he thinks its hilarious that hes winning and Im not.   

refluxer

Kantankrus_Mare said:

Sadly my Mam passed away on Valentines Day 2020 just before Covid. She had £16,000 in premium bonds and she had a win almost every month. A year after her death, the bonds were shared between me and my brother. We both invested £8,000 in our own names and the amount of winnings is very different. I won £25 the first month and nothing since. 

The prize fund actually dropped from 1.4% to 1% in December 2020 which would go part-way to explaining this, I guess ?

Saga

Saga said:

Holding: c. £26.5K  (started Jan 2021)

Prizes: 2 x £25 Feb 2021, £25 Mar 2021 and £25 Jun 2021

Seems to match anecdotal experience of a few prizes to begin with then... nothing.

And lo! My first win (another £25) since Jun 2021 on £27K.

onthebench

IvanOpinion said:

eskbanker said:

IvanOpinion said:

Changed my car earlier this year and when I emptied the various compartments of loose change (£1 and £2 coins, plus a few notes) that had been thrown in there it was just over £300.  I topped this up to £500 and bought some bonds in May (just in time to miss the June entry).  So far winnings
Jul £0
Aug £25
Sep £0
Oct £0
Nov £10,000

Time to book a Christmas holiday I think

Just out of curiosity, do you have other holdings beyond that £500, or was your £10K built up over multiple prizes?  The high-value prize winners list has all £10K winners holding at least £4K but none of the £5K winners were from a newish £500 purchase either - are you not on that list?

Good question.  I bought them under my wife's name; she has told me that she is not aware of any other bonds - maybe it is time to get her to check properly (might have even more to declare )

It still doesn't add up. Only two of the £10,000 wins in November were from bonds purchased in May '21, and one of those was a purchase of £18,000, the other a purchase of £6,000.

onthebench

Looks like NS&I are cracking down on duplicate accounts: https://www.express.co.uk/finance/personalfinance/1526173/Premium-Bonds-prize-winnings-nsandi-nsi-old-savings-fund-rate-UK-2021

I suppose it is very easy to do that if you unknowingly had a a few pounds of paper bonds somewhere, and then opened an online account and bought the maximum holding.

Primrose

Or somebody like grandparents set up a surprise account for a baby and then died without revealing the information or the bonds winning any prizes and then the child, when an adult set up their own account many years later.

molerat

I doubt it adversely affects that many people, only those with multiple accounts with a combined holding in excess of the maximum £50K.

gozaimasu

£1,000,000 306VK958372	306VK958372	£46,000 West Sussex	West Sussex	£30,000	Jul-17 Value: £30,000
£1,000,000 437QD081540	437QD081540	£14,725 Lancashire	Lancashire	£5,000	Feb-21

Primrose

Think I might wait for the surprise ring on the front doorbell. - or don,t they do old fashioned hiuse visits these days for fear people might think they're scammers?