Premium Bond Winner ?

S_uk

With interest rates going up and it being reflected in savings accounts, going forward I know I will feel more annoyed if I'm unlucky.. in the recent past with interest rates being so low I didn't mind so much not winning much each month on PB as I wouldn't have made much in interest in a savings account, whereas now if I win nothing I will end up thinking of how much I could've made elsewhere (even after tax). I know that's the luck of the draw of course and something you have to accept with PBs as they are not savings accounts.

Stubod

S_uk said:

With interest rates going up and it being reflected in savings accounts, going forward I know I will feel more annoyed if I'm unlucky.. in the recent past with interest rates being so low I didn't mind so much not winning much each month on PB as I wouldn't have made much in interest in a savings account, whereas now if I win nothing I will end up thinking of how much I could've made elsewhere (even after tax). I know that's the luck of the draw of course and something you have to accept with PBs as they are not savings accounts.

An interesting point and I fell the same, maybe time to drop PB's in favour of higher paying accounts?....if things change you can always swap back into PB's at some point in the future. The best 1 yr fixed rate is almost double the current PB rates, so if 2 of you have the max invested that makes a difference of over £1k a year after tax based on average luck??...(but then you could win a million...)

daern

£40k in from July.

Nothing this month, £25 last month. Needs to do a bit better than this, especially with savings rates climbing or it would be better elsewhere. I'll be honest, like others I'm in for the big stuff, but it needs to do better than diddly-squat, especially right now.

grandadgolfer

£100 & £25 on £50K holding.....nothing on sons £15K

newatc

£100 and £ 25 for who must be obeyed.  Just £50 for me. Both on max holdings

Futuristic

Only £25 on full, pretty bad run this year so far

doingitanyway

£150 (full holdings) £100+25+25 but still switching out. I was just waiting for the draw. Glad I did now...

Stargunner

£100 for me and £75 for the OH, both on max holdings

MallyGirl

£20k holding
£100+25+25 = £150 this month.
Only held for 2 months and won £25 last month as well - I suspect I won't always be this lucky but it is a nice start.

mar7t1n

This is down to probability theory and distribution. The chances of any single active bond winning are equal. Just that over time people with older bonds sell them off. Thus there are far more newer bonds in circulation than old ones. Taking your money out and re-investing does not change your chance of winning. Only increasing your total holding changes your chances. If your theory is however correct, then you should hold on, and one day we'll all get paid compensation if NS&I find that EARNI does favour new bond holders after all.